Private Equity
Goldman Sachs has committed $233 million to the Baltimore-based Port Covington redevelopment project. Sagamore Development and the Goldman Sachs Urban Investment Group have agreed to jointly own the project and develop the infrastructure in Port Covington, which will include new residential housing and new businesses. Sidley Austin LLP represented Goldman Sachs on the transaction.
6 min read · 14 September 2017
Investment manager RXR Realty and SL Green Realty Corp, a New York City-based office property owner, have agreed to acquire a combined 48.7 percent stake in Worldwide Plaza, an office building in midtown Manhattan. New York REIT and WWP Sponsor LLC will retain the remaining equity stake. The transaction, which values the asset at $1.725 billion, is expected to close in the fourth quarter of this year.
3 min read · 14 September 2017
CIH Ventures Inc, a local real estate developer, has acquired Washington, DC-based Bennington Station Apartments, a multifamily rental community. The price of the deal was $5.2 million.
2 min read · 13 September 2017
Monarch Private Capital and The Sherbert Group have made an investment in the Rock Hill, South Carolina-based Lowenstein Building. No financial terms were disclosed. The Lowenstein Building is one of the last remaining structures of a textile plant that operated from 1929 to 1998.
2 min read · 12 September 2017
Continental Realty Advisors Ltd and GTIS Partners have acquired Westminster, Colorado-based Canyon Reserve at the Ranch Apartments, a 256-unit apartment community. No financial terms were disclosed.
4 min read · 12 September 2017
New York City-based GTIS Partners LP, a real estate private equity firm, has raised $680 million for its third Brazilian real estate fund. In December 2011, GTIS closed its second Brazilian real state fund at $810.2 million.
2 min read · 12 September 2017
Brennan Investment Group and Arch Street Capital Advisors have acquired an 11-building industrial portfolio located in eight states. The value of the transaction was $100 million.
3 min read · 11 September 2017
North Signal Capital and Westport Capital Partners have acquired two industrial sites at Charleston, South Carolina-based North Pointe Commerce Park. The seller was WestRock. No financial terms were disclosed.
4 min read · 08 September 2017
PRP and GFH have sold Atlanta-based Ansley at Princeton Lakes, a multifamily property, for $43.5 million. The buyer was not identified. The property was originally built by PRP in 2009 and recapitalized in November 2014 for $35.2 million.
2 min read · 08 September 2017
Capri EGM has acquired a Novelis facility based in the Atlanta Northwest submarket. No financial terms were disclosed. Novelis is a producer of rolled aluminum.
3 min read · 07 September 2017
