Multifamily

PLAINFIELD, N.J. — Gebroe-Hammer Associates (GHA) has brokered the sales of two distressed multifamily portfolios for a total of $22.1 million. The first deal involved the approximately $16.1 million sale of a 268-unit portfolio. The properties are all located in Plainfield and include 108 units at Netherwood Village, 102 units at Watchung Gardens and 58 units at Greenbrook Village. Steven Tenenbaum of GHA arranged the deal as Bankruptcy Court-approved broker. The buyer was a private investor. The second deal involved the approximately $6 million sale of a 141-unit portfolio, also located in Plainfield. The properties include Cornell Apartments, Pingry Arms and Executive Arms. GHA's Joel Schwartz arranged the sale on behalf of the seller, which is in Chapter 11 bankruptcy. The buyer is Plainfield Park LLC, which had owned the portfolio several years prior.

CAMBRIDGE, MASS. — Cambridge-based architecture and planning fir Bruner/Cott has completed two new residence halls for Lesley University in Cambridge. The project is the first ground-up construction completed at the school since 1973. The first building consists of a five-story residence hall with ground-floor retail space that faces Massachusetts Avenue. The second building is a three-story, wood-framed residence hall located on Wendell Street. Both of the buildings were designed to match the character of the respective streets.