MALDEN, MA—Boston-based Taurus Investment Holdings has sold Strata, a 295-unit 100% market-rate multifamily community located at 500 Broadway in Malden, MA. The deal was $95.5 million.
CBRE Capital Markets' multi-housing experts Simon Butler, Biria St. John and John McLaughlin exclusively represented the seller, and procured the buyer, an affiliate of the Green Cities Co. of Portland, Oregon (formally Gerding Edlen).
The community is spread over 8.4-acres consisting of a single five-story elevatored building. Strata offers four different unit styles including studios, one, two and three-bedroom apartment homes with an average unit size of 892 square feet.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
