DDR’s David Jacobstein Joins Deloitte as Senior Adviser
David M. Jacobstein, who earlier this month stepped down as president and chief operating officer of Developers Diversified Realty Corp., has joined Deloitte & Touche USA as senior adviser to the consulting firm's real estate group.At Deloitte, Jacobstein will...
New York City Portfolio with 894 Apartments Marketed for Sale
New York Post (second item)Intervest Development Corp is marketing for sale a portfolio of 24 New York properties with 894 apartments. Eastern Consolidated Properties has the listing, which is expected to fetch about $225 million. The properties in Manhattan,...
Griffith-Urdang Venture Pays $45Mln for Suburban Boston Building
A venture between Griffith Properties and Urdang Capital Management has paid $45 million for HarborSouth Tower, a 200,000-square-foot office building in Quincy, Mass.The venture purchased the property from an undisclosed local investor, who marketed the 10-story building through CB...
Investcorp Buys Big Stake in Procaccianti Hotel Portfolio
Investcorp has acquired a 96 percent interest in a portfolio of nine full-service hotels with 2,828 rooms from Procaccianti Group, in a deal valuing the properties at $450 million.Investcorp, whose parent is based in Bahrain and is capitalized largely...
Babcock & Brown to Buy Gregory Greenfield
Australian investment manager Babcock & Brown has agreed to buy Gregory Greenfield & Associates, an Atlanta shopping mall owner and operator that has a controlling interest in eight regional malls.Babcock & Brown did not say how much it would...
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