TMG, Northwood Ink $122M Deal For Key Transbay Site

Law360, New York (June 7, 2013, 8:16 PM EDT) -- A joint venture of TMG Partners and Northwood Acquisitions LLC received the go-ahead on Thursday from a California bankruptcy judge to buy the site of a proposed office tower in San Francisco's Transbay District in a complex deal worth about $122 million.

Judge Roger L. Efremsky signed off on a motion to approve a compromise between the feuding former owner of the project, debtor First Street Holdings NV LLC and its various affiliates, and MS Mission Holdings LLC, a joint venture of lender Morgan Stanley and...
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