Equity to vie for more multifamily opportunities in New York

08/16/2010 | Wall Street Journal, The

Equity Residential is interested in acquiring a vacant parcel of land at 133-135 Greenwich St. in Manhattan in a bankruptcy auction scheduled for this week, according to sources. Equity is apparently bullish on multifamily investments in New York, having acquired the rights to build 111 market-rate units in Chelsea, and having purchased three apartment buildings from Harry Macklowe for $475 million.

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