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Met Tower, a 366-unit high-rise multifamily building located in the South Lake Union neighborhood, was acquired by its original developer for $216.1 million, and was sold free and clear of existing financing.
The transaction including a $25 billion domestic core real estate fund is subject to customary closing conditions, and is expected to lock-down by year-end.
The Pennant Group will focus on home health, hospice and senior living businesses, while Ensign will continue to invest in the skilled nursing asset class.
Given the broad powers and great due deference that the Legislature possesses with the regulation of property within the confines of its state, especially within the landlord-tenant context, a finding that the HSTPA is unconstitutional by the Judiciary would be quite remarkable.
Squire Patton Boggs' newest data privacy and cybersecurity group co-chair shares the top cases lawyers are watching in the European Union and beyond, and why the U.S. isn't that far from having a GDPR-like approach to data privacy.
"Clearly this is a pivotal event, not only for our company, but also for the competitive landscape in our region," says David Grove, managing director at Lee & Associates.
Court Plaza North is one of three buildings that make up Court Plaza, a 335,000-square-foot Class-A office complex located at 19/21/25 Main St. in Hackensack.
Temasek and certain institutional clients of Guggenheim Investments partnered with Eastdil on the deal, leaving Well Fargo to retain a minority ownership interest in the company.