Onyx Partners has paid $55.8 million, or $166,071/unit, for the 336-unit Lumiere apartment property in the New Orleans suburb of Metairie, La. The Lakewood, N.J., investor led by Jeremy Y. Rieder bought the property, at 3301 West Esplanade Ave. North, ...
the property had backed a total of $17 million of debt, $8.5 million of which was securitized through Greenwich Capital Commercial Funding Corp., 2006-FL4.
Building is 90 percent leased and rents are $20/sf
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