DSF Group Shells Out $210M For NY Luxury Housing

Law360, New York (November 18, 2013, 1:21 PM EST) -- The DSF Group has purchased AvalonBay Communities Inc.'s New Rochelle, N.Y., luxury housing property Avalon on the Sound East for $210 million, the companies said Monday.

The deal, brokered by commercial real estate and capital markets services provider HFF LLP, is the largest recorded multihousing sale in Westchester County, according to HFF.

It is DSF's second Westchester purchase in the past year, the announcement said. According to DSF's website, the company purchased the AVE property in White Plains in July for $34 million. The 124-unit property...
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