Alison Granito
In a joint venture with Taconic Investment Partners, the New York-based firm has bought nearly 1,000 units in Brooklyn for $90m.
The Chicago-based firm sold the portfolio to Colony Realty Partners, the core and value-added affiliate of Colony Capital, for $46m.
The real estate arm of the New York-based investment bank has closed its third open-ended funded on $2.2bn. It will have exposure to private and public equity and debt securities.
The investment bank’s fifth domestic opportunity fund is four times larger than its predecessor and is already 60 percent invested.
The third opportunity fund from the former real estate arm of investment bank Greenhill & Co. is more than triple the size of its predecessor.
Sam Zell’s international private equity real estate firm has acquired a $50m interest in a shopping mall developer with a presence in Chile, Argentina and Peru.
The Los Angeles-based distressed specialist sold the historic Curtis Center along the city’s Independence Mall for $94m to a local property investor.
In its second hotel deal this week, the private equity real estate arm of JE Robert Companies has sold the only four-star property near O’Hare International Airport for $125m.
In its first deal in Asia, the New York-based developer and the private equity arm of ICICI Bank have announced plans for a $100m office complex in Hyderabad to be designed by famed architect IM Pei.
The latest transaction marks the tenth hotel deal in which the McLean, Virginia-based real estate investor has joined with Denver-based Sage Hospitality Resources.
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