arrow_backBack to News
newsconnect-cre
Northgate Closes Bankruptcy Sale at 54% Premium Over Opening Bid
Northgate Real Estate Group closed on a seven-building Brooklyn multifamily portfolio for $18.6 million, a 54% premium over the $12.1-million opening bid. The sale was conducted live and online and ap
•schedule1 min read•Source: Connect CRE
Northgate Real Estate Group closed on a seven-building Brooklyn multifamily portfolio for $18.6 million, a 54% premium over the $12.1-million opening bid. The sale was conducted live and online and approved by the U.S. Bankruptcy Court, Eastern District of New York. Northgate ran a dual-track marketing process, soliciting bids both for individual buildings and for ...
The post Northgate Closes Bankruptcy Sale at 54% Premium Over Opening Bid appeared first on Connect CRE .