Friday, 20 April 2018

FBE Limited picks up Inwood development site for $26M

Abraham Fruchthandler’s FBE Limited has purchased a development site in Inwood for $26 million. Acadia Realty Trust sold the property at 4650 Broadway, according to property records. The company purchased the site in 2005 for $18.25 million, and the firm’s COO Christopher Conlon said that it was simply time to monetize the asset. “This was in a fund that is an older fund,” he said. “And it was time to sell the property.” The company, […]



source https://therealdeal.com/2018/04/20/fbe-limited-picks-up-inwood-development-site-for-26m/

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