- Kayne Anderson Real Estate Partners IV Closes at $1 Billion “Kayne Anderson Capital Advisors closed its $1 billion Kayne Anderson Real Estate Partners IV, spokeswoman Julie Oakes said.” (Pensions & Investments)
- Kushner Plans $414M Condo Building in Williamsburg “Jared Kushner is bringing condos to a Williamsburg rental building that once housed a Wild Turkey distributor.” (The Real Deal)
- Blackstone’s Schwarzman Says Jon Gray Is Part of Succession Plan “Blackstone Group LP, the world’s biggest alternative-asset manager, has a succession plan that includes real estate chief Jon Gray, co-founder Steve Schwarzman said.” (Bloomberg)
- Children’s Place Hires Goldman Sachs to Explore a Sale “The sandbox fight between Children’s Place and two activist shareholders is heating up in advance of the company’s annual meeting on May 22, when new directors will be elected.” (New York Post)
- Sears’ Lampert Tells Investors He Has the Cash to Speed Up a Turnaround “Sears Holdings has raised billions of dollars in the last year by spinning off some of its best assets, leasing out space in stores in prime locations, and selling many of its best stores into a new investment vehicle. (Fortune)
- Forest City to Buy Out HCN in Cambridge Portfolio “Five years after Forest City Enterprises Inc., and Health Care REIT Inc., entered into a joint venture for seven life sciences buildings at Massachusetts Institute of Technology’s University Park in Cambridge, Mass., the REIT has agreed to sell its minority stake to Forest City for $573.5 million.” (Commercial Property Executive)
- Saks’ Off 5th Enters Canada with Three Store Locations “Saks Fifth Avenue Off 5th has announced its first three store locations in Canada as it prepares to enter the Canadian marketplace next year.” (Chain Store Age)
- Tishman Speyer Appears to Be Unnamed Second Developer in Skelos Complaint “The second unnamed developer in the criminal complaint against Senate Majority Leader Dean Skelos appears to be Tishman Speyer.” (Crain’s New York)
- U.S. Mortgage Delinquencies Fall to Lowest Since 2007 “The U.S. mortgage delinquency rate fell to the lowest in almost eight years as the job market strengthened and rising home values gave struggling borrowers a chance to sell.” (Bloomberg)
- Cargo Shipments Surge at O'Hare “Cargo shipments jumped in the first quarter at O'Hare International Airport thanks to a labor dispute that snarled West Coast ports.” (Crain’s Chicago Business)
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