SAN DIEGO—For every acquisition, Parallel Capital Partners identifies what will physically be done to the property post-closing to enhance value, CEO Matt Root tells GlobeSt.com in Part 2 of this <b>EXCLUSIVE</b> two-part look at the firm's acquisition strategies.

NEW YORK CITY—As part of a fundraising campaign to generate support for its acquisition of 11 Madison Ave., the REIT is walking away from a Midtown office building and the lion's-share of its holdings at a mixed-use complex in Soho.

NEW YORK CITY—An office penthouse at 99 Hudson St. has changed hands in a $48-milion deal. The seller realized a gain of $23 million on its three-year-old investment at the Tribeca property when including purchase, renovation and re-leasing costs.