SNIP, SNIP
TEARING IT DOWN
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APRIL 2, 2018 | VOL. 54, No. 14
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YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS, COVERING THE HUDSON VALLEY
westfaironline.com
Talleyrand in Tarrytown sells for $91M BY RYAN DEFFENBAUGH rdeffenbaugh@westfairinc.com
T
he DSF Group has purchased a 300-unit apartment complex in Tarrytown for $91 million, according to county property records. The purchase price represents the county’s largest property transaction so far this year. The property, Talleyrand Apartments, located along Crescent Drive off White Plains Road, was sold by Equity Residential, an S&P 500 real estate investment trust that had held it for 16 years. CBRE announced it had brokered the deal to The DSF Group in a press release March 26, but it did not disclose the sale price or the seller it represented. A deed recorded March 20 shows the property was transferred between EQR-Talleyrand L.L.C, an affiliated company of the publicly traded Equity Residential, and Crescent Drive Owner LLC, an affiliated company of The DSF Group. The 300-unit townhouse style apartment complex was developed in the late 1990s by Valhalla based Cappelli Enterprises. Equity Residential, a Chicago company, purchased the property in 2002 for a reported $61 million. Rents for one-bedroom apartments in the complex start at $2,040 and two-bedrooms $2,330, according to listings by property management com» TALLEYRAND
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Appetite for growth page 15
Marc Miles and John Tucker, co-owners of Salsa Fresca Mexican Grill, say they want to grow their eight locations to 100 restaurants over five years via a franchise model. Photo by Aleesia Forni
TWB Loan Decision Top 5 Banner Ad 6” w x 1.5” h BY KEVIN ZIMMERMAN 7-31-17, 11am kzimmerman@westfairinc.com
Health Quest to merge with Western Connecticut Health Network
H
ealth Quest Systems in Dutchess County announced plans to combine with Western Connecticut Health Network in a deal that if approved by authorities, including the U.S. Federal Trade Commission, would create a new seven-hospital, $2.4 billion enterprise. » HEALTH QUEST
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Dr. John Murphy, president and CEO of Western Connecticut Health Network and Robert Friedberg, president and CEO of Health Quest.
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