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The agreement puts the two health care institutions on a path toward reaching a Definitive Agreement, which they expect to reach within the coming months. The LOI follows a Request for Proposal released by Saint Peter's in October 2018 that it was considering a strategic partner.
New York City-based Square Mile Capital Management provided the $200 million in financing to joint venture partners Somerset Development Group and Adarsan Holdings for the redeveloped former Bell Labs scientific research center.
Marvin Starr, whose legal acumen, speaking prowess and charisma were admired by his peers, students and colleagues, pioneered the widespread use of delayed tax-deferred exchanges.
A recently released survey on the needs of US employees points more to the desire for functional perks and focused environments than to fun-time amenities.
Two new additions are completed on Zydeco Development's 550-acre class-A mixed-use business park, MetCenter, and buildings A and B now offer 72,000 and 68,000 square feet of new creative office space.
The transactions presented Square Mile an opportunity to partner with well-known New York and New Jersey developers on projects across different asset classes.
The EY team also includes Bauer Latoza Studio (a Minority Business Enterprise), Goodman Williams Group (a Women Business Enterprise), and Mayer Brown, LLP.