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Ceasar's Bay Bazaar Ceasar’s Bay Bazaar, Brooklyn, NY

NEW YORK CITY—Gazit-Globe through its subsidiary Gazit Horizons has entered a joint venture obtaining a leasehold interest in Ceasar’s Bay Bazaar, a 300,000 square-foot shopping center on 14 acres along the waterfront in Brooklyn, NY. Gazit acquired a 41% economic interest and 50% voting interest in the property. Additional specifics regarding the financing were not disclosed. But sources close to the transaction say Gazit Horizons paid approximately $40 million in purchasing an interest in an existing partnership, with Surrey Equities and multiple limited partners.

Betsy Kim

Betsy Kim is the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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