NEW YORK CITY-Developer Crescent Heights of Miami has acquired the Westminster rental apartment complex on 66th Street here from a partnership of the California Public Employees' Retirement System and Blackrock.
The Blackrock-CalPERS partnership acquired the 152-unit, 20-story building for $154 million in 2006. That purchase was part of a larger transaction that also included 200 East 62nd St.
No purchase price was reported by any of the parties involved in the deal for the 241,334-square-foot building at 165 East 66th St. Sources told The Real Deal the Westminster sale to Crescent Heights was likely valued at more than $200 million. See story in The Real Deal.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
