Real Estate Rumors: Westbrook, AJ Capital, Carpe

By Andrew McIntyre (March 16, 2018, 7:09 PM EDT) -- Westbrook Partners has taken a stake in HFZ Capital Group's Belnord redevelopment project in New York, The Real Deal reported on Friday, citing sources with knowledge of the matter. The firm has converted the debt it owns in the 680,000-square-foot apartment complex on the Upper West Side to equity, The Real Deal said. HFZ bought the property in 2015 for $575 million, according to the report....

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