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The proposals for expanded review by the Committee on Foreign Investment in the U.S., the interagency panel at the Department of the Treasury, could catch some real estate investors and funds off-guard, international trade and national security lawyers said.
Speakers during a global capital market and foreign capital breakout session during the CREW Network Convention Orlando agree that the US is still the most transparent market in the world and is still a safe haven for foreign capital.
The partnership will redevelop 345 Park Avenue South – a 12-story mixed-use building in the Flatiron District – into an approximate 300,000 square-foot life sciences campus.
The lease expansion was announced by building owner Novaya Foxfield Industrial LLC (Foxfield), the Mid-Atlantic arm of Novaya Real Estate Ventures of Boston. With the new deal, Barry Callebaut now leases 395,000 square feet of space at the 465,680-square-foot building.
The New York City-based firm reports it has recently sold the Skyridge Club Apartments in suburban Chicago and the Sugarloaf Trails Apartments in suburban Atlanta.