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