(Read more on the multifamily market.)
LONG BEACH, NY-A subsidized housing complex in New York's LongBeach, located at 25 & 111-153 E. Pine St., is on the marketfor $19.5 million. Eastern Consolidated's Heidi Burkhart, director,is spearheading the marketing initiative for the sale of this blockfront 130-unit property, within walking distance of the beach, thetrain station and Long Beach's main retail street.
Burkhart tells GlobeSt.com that they have already received alarge response from 1031 investors and long-term holders. "Thisacquisition is ideal for an investor who wants a foothold in LongBeach, which is in the planning stages for a major redevelopmentknown as the 'Bayfront Revitalization Project,' set to transform a10-acre stretch of land into a vibrant mix of commercial andresidential attractions," notes Burkhart. Earlier this year, theLong Beach City Council selected the Bayfront Development Group asthe preferred developers of the incinerator site here, which hasbeen shut down since 1997. Bayfront Development Group LLC, apartnership of Lancer Insurance and Cameron Engineering, proposedthe mixed-use project that will include a marina, housing,commercial structures, a restaurant and more.
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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.
