CoStar Commercial Real Estate News

Ironwood Sells Tudor Gardens Townhouses in Buffalo
Kenmore, NY-based Ironwood Management sold the 56-unit Tudor Gardens Townhouses in Buffalo, NY to Greco Real Estate for $3.53 million, or approximately $63,000 per unit. The Class B, garden-style apartment complex comprises two-bedroom units in eight, three-story buildings that were built in 1933. Tudor Gardens at 137-177 Sanders Rd. is located less than six miles from the University at Buffalo. Ironwood, a property management, development...
Rochester Investor Adds Another Atlanta Apartment to Collection
In January, Broadtree Residential CEO Chris Czarnecki told CoStar News his company was seeking additional acquisitions in metro Atlanta. Last week, he made good on his statement. Broadtree, a private REIT based in Rochester, NY, just acquired Stone Ridge at Vinings, an apartment community at 3000 Cumberland Club Dr. near Camp Bert Adams Lake. Broadtree, managed by Broadstone Real Estate LLC, said it paid $58.3 million - or $132,500 per unit - for...
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