L&L Holding Company and Normandy Real Estate Partners are about to get another partner on their massive Terminal Stores deal. Allianz Real Estate of America is closing in on a deal to take a roughly 30 percent stake in the building, according to sources familiar with the deal. L&L and Normandy had purchased the Chelsea building over the summer for about $900 million, triple its prior valuation. The move by Allianz would value the 1.2 […]
source https://therealdeal.com/2018/12/06/allianz-looks-to-take-30-stake-in-massive-terminal-stores-deal/
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