N.Y. firm partners with local developer on up to $150M investment on Lehigh Valley properties

A developer and a real estate investment management firm are planning to spend big money in the Lehigh Valley.

Greystone Capital, based in Bethlehem, and New York-based Black Bear Asset Management have formed a joint venture to invest up to $150 million in regional residential and commercial properties.

The venture seeks to acquire and develop multifamily and industrial properties in the Lehigh Valley.

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