Marketplace: Blackstone, Fairstead Capital Partner to Acquire 24 NYC BuildingsSeptember 23, 2015 – In The News
Michael J. Kornacki and N. Ari Weisbrot were featured in the New York Law Journal article “Marketplace: Blackstone, Fairstead Capital Partner to Acquire 24 NYC Buildings.” Full text can be found in the September 22, 2015, issue of New York Law Journal, a synopsis is noted below.
Gaia Real Estate and Acro Group have acquired 416 W. 52nd St. in Manhattan, New York. The joint venture brought along the addition of a seven-story, 152-unit building to the real estate groups at a cost of $156.5 million.
Michael Kornacki and N. Ari Weisbrot of Fox Rothschild LLP were responsible for representing the joint venture.