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Washington Heights MXD Portfolio Sold

NEW YORK CITY—The package of nine buildings includes numerous apartments, retail stores and professional offices

Washington Heights Portfolio The nine Washington Heights buildings, such as this one, that were bought mostly are on St. Nicholas Ave.

NEW YORK CITY—A portfolio of nine mixed-use elevator buildings totaling 487,700 square feet has traded hands in Washington Heights. The package sold for $165 million.

Eastern Consolidated senior director and principal Marcia Rose Yawitz and executive managing director and principal Ron Solarz represented the sellers, Intervest Development Corp., which owned and managed the portfolio for approximately 30 years. Yawitz and Solarz also procured the buyer, WHP. Wade Hazelton served as the financial analyst for the offering.

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Rayna Katz

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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