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New York & Tri-State  + Fairfield/Westchester  + Apartments  | 

JLL Closes Sale of Luxury Apartments in Stamford

JLL Capital Markets handled the $73-million sale of Harbor Landing, a 218-unit, ultra-luxury apartment community in Stamford, CT. The seller was a joint venture between Building and Land Technology and Lubert Adler Real Estate Funds. Monday Properties and Neo Capital acquired the property. 
 
The JLL Capital Markets team representing the seller was led by Jose Cruz, Steve Simonelli, Michael Oliver, Kevin O’Hearn and Ryan Robertson. JLL’s Michael Gigliotti and Peter Rotchford also secured the loan, which was assumed by the buyer. 
 
“Stamford continues to attract capital from across the region,” said Cruz. “We are proud to bring first-time investors to Stamford who understand the future upside in the market.”
 
Completed in 2018, Harbor Landing consists of studio, one- and two-bedroom floorplan options with high-end finishes. The apartments also feature resort-style amenities, including a pool, club room, fitness center and expansive outdoor sundeck with firepits and grills. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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