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Mayer Brown, Sills Cummis Steer $169M Brooklyn Apt. Deal

Law360, Los Angeles (May 11, 2015, 7:39 PM EDT) -- Mayer Brown LLP represented Teachers Insurance and Annuity Association – College Retirement Equities Fund in its purchase of an apartment rental property in Brooklyn, New York, for $169 million from a Sills Cummis & Gross PC-counseled joint venture between LCOR Inc. and the California State Teachers Retirement System, according to a deed filed in New York on Monday.

TIAA-CREF bought the six-story 250 N. 10th St. in Williamsburg, a 185,000-square-foot property that has 234 units and a 117-space parking garage.

LCOR and CalSTRS bought the property — located two blocks south of McCarren Park, in the last block of N. 10th...

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