Pacific Urban Investors Acquires Tower At 130 West 15th Street In Chelsea For $185M

The Related Companies and Orda Management have successfully sold a tower within their 130 West 15th Street complex in Chelsea to Pacific Urban Investors for a total of $185 million. This transaction in the multifamily market demonstrates its resilience despite sluggish investment sales. The property is located at 130 West 15th Street in the Chelsea market.

Summary of transation details

• Property Type: MultiFamily
• Transaction Amount: $185,000,000
• Market: Chelsea
• Seller: Related Companies - Jeff Blau & Orda Management
• Buyer: Pacific Urban Investors

Pacific Urban Investors has acquired the tower from Related Companies and Orda Management. The transaction signifies the continued interest in the multifamily market and demonstrates the successful collaboration between these key players in the industry.