Ivanhoe Cambridge Takes Nearly 50% Stake at 1411 Bway
NEW YORK CITY-A nearly 50% stake (49.9% to be exact) in the 40-story 1411 Broadway has set the Quebec-based firm back $360 million. The piece was sold by Blackstone in a deal advised by Eastdil.
NEW YORK CITY—Bearing the American Finance Trust name, the merged entity is a retail-focused REIT with an enterprise value of approximately $3.9 billion.
BOISE, ID—The new hire brings more than 35 years’ experience in commercial real estate finance to the middle-market loan provider.
NEWPORT BEACH, CA—A “forest for the trees” mentality, in addition to seeking yield for investors, is causing firms based in other markets to expand to the West Coast, creating more demand for talent in a tight market, RETS’ Kent Elliott tells GlobeSt.com.
Middle Market Digest
Here’s a look at this week's trends, announcements and deals that you may have missed in the country’s North West region.