The Boerum is a handsome, 19-story condo/hotel development at 265 State Street at Smith Street in the Boerum Hill section of Brooklyn. It is expected to be completed in 2016 by the Carlyle Group and Flank and it was designed by Flank, whose other projects include 224 Mulberry Street, the Abington and 441 East 47 th Street, and Goldstein Hill & West.
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Flank buys Carlyle out of Brooklyn Hilton project November 21, 2016 02:45PM Flank is buying the Carlyle Group out of their jointly developed brooklyn hilton hotel in Boerum Hill.
News in brief: Starwood lawsuit, global pipeline, Emaar.. Flank in Hilton deal: Architecture and development firm Flank paid US$88 million to buy the Carlyle Group out of the hilton brooklyn. flank and Carlyle had bought the property in 2012 and are developing a hotel on the property.
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Located in Brooklyn, The Boerum is a 128-apartment building. It was designed by Flank and developed by Flank and the Carlyle Group. While The Boerum is Flank’s first project in Brooklyn, they have developed high-end projects in other parts of New York like 224 Mulberry Street and The Abingdon.
Flank pays $88M to buy Carlyle out of the Hilton Brooklyn (Sunday – December 25, 2016) Associated Profiles : The Carlyle Group – The Real Deal – Architecture and development firm Flank paid million to buy ??the Carlyle Group?? out of the Hilton Brooklyn. Flank and Carlyle bought the site at 140 Schermerhorn Street in 2012 for $38.2.
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The rendering indicates that the project should also conform to the existing street-walls; while the exact details of the overall design remain unclear, it will be a major gain for Downtown Brooklyn, in terms of enhancing pedestrian vibrancy. Completion is expected in the spring of 2016.
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Paris, France – Global alternative asset manager The Carlyle Group (NASDAQ: CG) and Montefiore Investment today announced that they have entered into exclusive negotiations with private equity firm PAI Partners for the acquisition by PAI of Groupe B&B Hotels alongside B&B’s management team.