Andrews Kurth Steers Crimson's $130M Office Buy

Law360, New York (November 15, 2011, 7:56 PM EST) -- Real estate investor Crimson Real Estate Advisors LP reportedly dropped more than $130 million on Tuesday to acquire a Houston office building from an affiliate of developer Thomas Properties Group Inc.

TPG said it sold the 25-story building and two adjoining plots it acquired in 2005 through a joint venture with the California State Teachers' Retirement System, netting $16 million for its share of the proceeds. Crimson Real Estate Fund LP paid in excess of $130 million for the assets, the Houston Business Journal reported....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.