Carlyle JV Scoops Up Massive Mixed-Use Complex In Houston

Law360, New York (March 22, 2013, 5:01 PM EDT) -- Private equity titan Carlyle Group LP teamed with a unit of developer Songy Partners LLC to buy a 428,285-square-foot office complex from a pair of California real estate investors, according to a Friday statement from broker HFF LP, which represented the sellers.

Chase Merritt LP and Pacific Coast Capital Partners LLC did not say how much they raked in through the sale. The firms did not offer a complete picture of the deal's financing, but HFF said it arranged a three-year, 75 percent loan-to-value package for...
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