Developer Ardmore Residential Inc. sold The Averly at Flowers, a multifamily property in Clayton, NC, to partners ECI Group and Almanac Realty Investors. Cushman & Wakefield’s Alex McDermott, Hunter Bowling, Charlie Gravina, Rhodes Marley and Paul Marley represented the seller in the $92 million off-market transaction. “ECI was a qualified group that offered the best certainty of execution for this opportunity,” McDermott told ApartmentBuildings.com. He added that ECI Group, headquartered in Atlanta, GA, is on the hunt to expand its...
Apartment Buildings|New York & Tri-State|May 6, 2025
Charney Companies secured significant construction loan financing for its development of 95 Rockwell Pl. in Fort Greene, Brooklyn. Financed with $135 million in backing...