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Sotheby’s to go Private in Late 2019 in Nearly $4B Deal
Domenico De Sole, chairman of Sotheby’s Board of Directors, says that the board of directors approved the purchase deal after a comprehensive review. “After more than 30 years as a public company, the time is right for Sotheby’s to return to private ownership to continue on a path of growth and success," he says.
Allianz Buys $384M Stake in 30 Hudson Yards Office Condo
The deal is structured as a sale leaseback as part of a consortium alongside Related Cos. and a third-party investor.
Lenders Sign Up for Affordable Housing in Denver
KeyBank Community Development Lending & Investment provides a $34 million loan for the acquisition and redevelopment of an affordable housing complex in Denver.
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