News

Check out market updates

Allianz looks to take 30% stake in massive Terminal Stores deal

L&L Holding Company and Normandy Real Estate Partners are about to get another partner on their massive Terminal Stores deal. Allianz Real Estate of America is closing in on a deal to take a roughly 30 percent stake in the building, according to sources familiar with the deal. L&L and Normandy had purchased the Chelsea building over the summer for about $ 900 million, triple its prior valuation. The move by Allianz would value the 1.2 […]


The Real Deal New York

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>