ABS Investor Group Pays $140M For 'Silicon Alley' Office

Law360, New York (July 9, 2012, 2:30 PM EDT) -- An investor group led by ABS Partners Real Estate LLC said Monday it had acquired the remaining 85 percent interest in 915 Broadway, a fully occupied office building at the center of Manhattan's growing technology district, for $140 million.

The transaction comes more than 30 years after ABS Chairman Earle S. Altman and another group of investors took a minority stake in the building for $6 million. The equity investment group, organized by Altman, includes ABS principals Gregg Schenker, Steven Hornstock and James Caseley, real estate...
To view the full article, register now.