K&D Group to buy Brooklyn apartments
By STAN BULLARD6:00 am, June 4, 2007
K&D Group is hatching another big deal on the heels of last week’s purchase of the 949-unit North Pointe apartment complex in Euclid. K&D plans to buy soon the 680-suite Westbrook Village apartments in suburban Brooklyn, said Doug Price, K&D CEO.
A partnership led by Zaremba Group owns the property; CEO Walter Zaremba did not return a call by deadline. Terms weren’t disclosed. Cuyahoga County values the complex at $14 million.
K&D Group is hatching another big deal on the heels of last week’s purchase of the 949-unit North Pointe apartment complex in Euclid. K&D plans to buy soon the 680-suite Westbrook Village apartments in suburban Brooklyn, said Doug Price, K&D CEO.
A partnership led by Zaremba Group owns the property; CEO Walter Zaremba did not return a call by deadline. Terms weren’t disclosed. Cuyahoga County values the complex at $14 million.
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