Tuesday, 14 August 2018

Columbia Property Trust in talks to buy Ares Management’s stake in Greenwich Village office project

Columbia Property Trust is in talks to join Normandy Real Estate Partners on its Greenwich Village office project. The Atlanta-based real estate investment trust is in talks to buy Ares Management’s 50-percent stake in the project at 799 Broadway, Bloomberg reported. Ares began shopping the stake earlier this year at a price that valued the project at $250 million, as The Real Deal originally reported. Normandy has plans to demolish the six-story building on the […]



source https://therealdeal.com/2018/08/14/columbia-property-trust-in-talks-to-buy-ares-managements-stake-in-greenwich-village-office-project/

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