Real Estate Rumors: Mack, Shapack, Gibson Dunn

Law360 (September 19, 2019, 6:28 PM EDT) -- The Ohio State Teachers Retirement System has paid $95 million for a stake in a new mixed-use project in Brooklyn's Greenpoint neighborhood, The Real Deal reported Thursday, citing sources with knowledge of the matter. The pension plan bought a 50% stake in the retail and rental portion of Mack Real Estate, Urban Development Partners and Palin Enterprises' 40-story Greenpoint tower at 21 India St., according to the report.

Intercontinental Real Estate has purchased a Chicago office building from Shapack Partners for $50.3 million, and at $775 a square foot the sale is the most ever paid per square foot for a...

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