The New Orleans and New York City-based development and management firm bought the property from Treetop Development for $38.5M.
The New Orleans-based Energy company reports that it will sell Indian Point 1, 2 and 3 nuclear units to decommissioning firm Holtec International of Camden, NJ, which will decommission units. Indian Point 2 and 3 that are scheduled for closure in 2020 and 2021.
Multifamily market sentiments have risen from recent lows but lenders rank its performance higher than most other forms of commercial real estate despite persistent headwinds and ongoing uncertainty.
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