Gaia, Starwood Acquire and Recapitalize 9,500-Unit Multifamily Portfolio

Gaia Real Estate and an affiliate of Starwood Capital Group agreed to invest $ 22.5 million of new equity to acquire and recapitalize PJ Finance Co., which filed for Chapter 11 bankruptcy protection in March 2011 and reemerged as a going concern on May 11, 2012. PJ Finance’s ass
Read More

Blackstone/DDR Team Up to Acquire $1.4B Shopping Portfolio

Private-equity kingpin Blackstone Group (NYSE: BX) made its latest foray into commercial real estate, joining forces with DDR Corp. (NYSE: DDR) in a deal to acquire a shopping center portfolio from EPN Group, an affiliate of Tel Aviv-based Elbit Imaging Ltd. The transaction, which is
Read More

Farkas, Colony Capital In Talks To Acquire ‘Significant’ Stake In Grubb & Ellis

Just a few months after announcing plans to acquire NAI Global, a firm controlled by real estate investor Andrew L. Farkas is in exclusive talks to execute “a strategic transaction” with troubled commercial real estate services firm Grubb & Ellis Co. (NYSE: GBE). A subsidia
Read More

SL Green Partners With Stonehenge to Acquire $416M NYC Portfolio

SL Green Realty Corp. (NYSE: SLG) has formed a venture with Stonehenge Partners and entered into an agreement to purchase eight retail and multifamily properties in New York City for $ 416 million. The deal is expected to close in the first quarter of 2012. Stonehenge, a prominent mul
Read More