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RE Rumor Mill: Equity Residential, Bowery, Stoltz RE Co.

By Andrew McIntyre ( October 31, 2014, 12:23 PM EDT) -- Chicago real estate investment trust Equity Residential has purchased a 308-unit North Hollywood, California, apartment building from Prudential Insurance and Alliance Residential Co. for $126 million, the San Fernando Valley Business Journal reported, citing an Equity Residential regulatory filing. The REIT picked up The Hesby at 5031 Fair Ave. in what was the largest multifamily purchase in the greater San Fernando Valley in almost two years, the Los Angeles-area journal said, citing data from CoStar Group Inc....

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