NEW YORK CITY-A trio of firms has acquired a 108-year-old office building in lower Manhattan with plans to turn the property into a hotel. The joint venture, which includes Washington, DC-based The Carlyle Group, Texas-based Highgate Hotels and Manhattan-based Crown Acquisitions, has bought 170 Broadway situated between Maiden Lane and Liberty Street for between $100 million and $150 million.
The 165,000-square-foot building was sold by AMG Realty Partners, a division of GE Capital. For the full story, go to Crain's New York Business .
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