Commercial real estate finance firm Greystone has named industry veteran Nicholas M. Gesue as Chief Operating Officer. Based in New York, Mr Gesue brings 25 years of platform-building experience to oversee the company's daily lending, servicing and asset management divisions. He joins following senior executive roles at NewPoint Real Estate Capital, ORIX Real Estate Capital and Lument Capital.
Blackstone has closed its Blackstone Capital Opportunities Fund V at its $10 billion hard cap. The fund was oversubscribed and represents the firm's largest opportunistic credit vehicle to date. Managed by the Blackstone Credit & Insurance division, the fund will target private corporate credit and structured solutions globally. The move follows a successful track record for the strategy, which has delivered a 13 per cent net IRR since 2007.
EDITION Hotels has joined forces with Sotheby’s and DYNE jewellery designer Sarah Ysabel Narici to auction a unique luxury package, Verdant Reverie: The Gem of the Alps at The Lake Como EDITION. The lot will be part of Sotheby’s Luxury Week auctions, running from November 26 to December 11. Estimated at $15,000 - $25,000, the item combines a limited-edition necklace chosen by Sotheby’s Vice Chairman Frank Everett with a two-night stay in a Penthouse at the new Lake Como EDITION property.
Bungalow Projects and Bain Capital Real Estate have secured $304 million in construction financing for Echelon Studios, two next-generation film and television production campuses in Brooklyn. The developments will deliver 600,000 sq ft of soundstages, office, and support space, backed by New York’s largest-ever C-PACE financing package.
Mukesh Ambani has purchased a vacant building in New York’s Tribeca district for $17.4 million. Formerly owned by tech billionaire Robert Pera, the site has been tied to multiple unbuilt mansion plans.
Soho House will return to private ownership in a $2.7 billion deal led by MCR Hotels, offering shareholders $9 per share, nearly 18% above the last close. The agreement, which lifted shares more than 15%, will see Ashton Kutcher join the board and Neil Thomson step in as Chief Financial Officer as the club operator seeks stability after a turbulent public run.
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