Luxury apartments sell in New Jersey

Property located in downtown setting

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Kushner Cos. recently sold The Curling Club luxury apartment complex in Hoboken, N.J. The value of the transaction was $70 million. ING Clarion Partners purchased the property. The Curling Club comprises 240 units and is located between 11th and 12th Avenues at 1122 Grand St. Kushner Cos. acquired the former industrial site in 1998, and in late 1999, the firm completed construction of The Curling Club, which consistently has maintained occupancy rates near 100 percent, according to a press statement. Cushman & Wakefield brokered the transaction. Florham Park, N.J.-based Kushner Cos. is a developer and owner of commercial real estate. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....