The Real Deal Pacific Urban Investors has paid $185 million, or $868,545/unit, for The Sierra, a 213-unit apartment property in the Chelsea neighborhood of Manhattan. The Palo Alto, Calif., investment manager bought the property from a venture of Related Cos. and Orda Management Corp., both of New York, in a deal arranged by Newmark. The […]

The post Pacific Urban Pays $185Mln for 213-Unit Apartment Building in Manhattan appeared first on Commercial Real Estate Direct.