 |
 
HSBC and Edge Fund Advisors Purchase 4 New York PlazaA partnership between HSBC Alternative Investments Limited (HAIL) and Edge Fund Advisors (Edge) has purchased 4 New York Plaza, Manhattan, New York for an undisclosed amount from Harbor Group International. The Chief Executive of Edge Fund Advisors Talks About 1540 BroadwayMark Keller, Edge’s chief executive and chairman, spoke to The Commercial Observer about the investment strategy and plans to expand his company’s reach from the nation’s capital to the Big Apple. HSBC, EDGE buy remaining stake in NY towerThe joint venture has acquired the remaining 51 percent ownership in 1540 Broadway for $423.5 million after acquiring a 49 percent stake last year. HSBC, D.C. firm buy out final 51% stake in Bertelsmann buildingHSBC Alternative Investments and Edge Fund Advisors said today that they have bought out the remaining 51 percent stake in the Bertelsmann building at 1540 Broadway, in an off-market transaction. The partners bought 49 percent of the building from CB Richard Ellis in November 2010, in a deal valued at $254 million, or $575 per square foot. CBRE had previously acquired the property in a fire sale from Macklowe Properties. Terms of new deal were confidential and could not be disclosed. HSBC Alternative Investments Ltd. (HAIL) and Edge Fund Advisors (EDGE) Have Acquired 100% Ownership Interest in 1540 Broadway, New York, a 44-Story, 907,000 sq ft Trophy Office BuildingNEW YORK--(BUSINESS WIRE)--HAIL and EDGE acting on behalf of the HSBC “Club Programme” have acquired, in an off-market transaction, the remaining 51% ownership interest in 1540 Broadway, Midtown Manhattan, New York. 1540 Broadway is a 44-story, 907,000 square foot trophy office tower located in the centre of Times Square. 1625 Eye Street wins The Outstanding Building of the Year (TOBY) AwardThe Building Owners and Managers Association (BOMA) of Metropolitan Washington, awarded the prestigious TOBY Award in the 250,000 499,999 square feet category to 1625 Eye Street. In addition, it was also awarded the Grand TOBY Award; awarded to the building with the highest points scored of all entrants! 1350 Eye Street - 2011 Lobby RenovationArchitectural renderings of new lobby interior. Edge, HSBC Take 49% Stake in 1540 BroadwayBy Paul Bubny CityBiz Real Estate: NEW YORK - Edge Fund Advisors and HSBC Alternative Investments Ltd. have grabbed a 49 percent stake in their first major New York property, the 907,427-square-foot 1540 Broadway in Midtown Manhattan. The minority interest was wrested from CB Richard Ellis Investors. Edge Fund Advisors ("EDGE" ) and HSBC Alternative Investments Limited ("HAIL" ) Acquire a 49% Ownership Interest in 1540 Broadway, Manhattan, New York, a Top-Tiered Trophy 907,000 Square Foot Office Property from CB Richard Ellis InvestorsNews Blaze: NEW YORK - (BUSINESS WIRE) - EDGE and HAIL, acting on behalf of an exclusive syndicate of HSBC Private Banking Clients, have acquired an ownership interest in 1540 Broadway, Midtown Manhattan, New York, a 907,000 square foot trophy office building, located in the center of Times Square. The property, historically known as the Bertelsmann Building, is occupied by such tenants as Viacom International Inc., Pillsbury Winthrop Shaw Pittman LLP and Chinese media giant, Xinhua News Agency. Edge-HSBC Fund Acquire 49% Interest in Manhattan TrophyCityBiz Real Estate: NEW YORK - Edge Fund Advisors and HSBC Alternative Investments Ltd. have grabbed a 49 percent stake in their first major New York property, the 907,427-square-foot 1540 Broadway in Midtown Manhattan. The minority interest was wrested from CB Richard Ellis Investors. Edge Fund Advisors ("EDGE") and HSBC Alternative Investments Limited ("HAIL") Acquire a 49%..Forbes - BusinessWire: EDGE and HAIL, acting on behalf of an exclusive syndicate of HSBC Private Banking Clients, have acquired an ownership interest in 1540 Broadway, Midtown Manhattan, New York, a 907,000 square foot trophy office building, located in the center of Times Square. CB Richard Ellis Investors Fund Sells Partial Interest in 1540 BroadwayLOS ANGELES – Nov. 4, 2010 -- CB Richard Ellis Strategic Partners Value 5 fund has sold a non-controlling equity interest in 1540 Broadway in New York to HSBC Alternative Investments Limited and Edge Fund Advisers, who were acting on behalf of an exclusive syndicate of HSBC Private Banking Clients. The interest was sold based on a building price of $520 million or approximately $575 per square foot. The CBRE Strategic Partners U.S. Value 5 fund will maintain a majority interest and retain management of the trophy-quality office building with great visibility in the heart of Times Square. HSBC Alternative Investments Limited secures trophy office building in Times Square New York for a syndicate of its private clients9th November 2010 : HSBC Alternative Investments Limited and an exclusive syndicate of HSBC Private Banking Clients announces the acquisition of a 49% ownership interest in 1540 Broadway, Times Square, New York , a 907,000 square foot, 44-storey world-class, trophy office building. The deal further demonstrates the Groups growing strength in securing ‘best in class, high quality’ properties for their clients. Edge Fund Advisors (“EDGE”) and HSBC Alternative Investments Limited (“HAIL”) Acquire a 49% Ownership Interest in 1540 Broadway, Manhattan, New York, a Top-Tiered Trophy 907,000 Square Foot Office Property from CB Richard Ellis Investors.NEW YORK -- (BUSINESS WIRE)—EDGE and HAIL, acting on behalf of an exclusive syndicate of HSBC Private Banking Clients, have acquired an ownership interest in 1540 Broadway, Midtown Manhattan, New York, a 907,000 square foot trophy office building, located in the center of Times Square. Edge Fund Advisors Enter into Joint Venture with Brookfield Properties at 1625 Eye St., NW in Washington, DCNEW YORK--(BUSINESS WIRE)--Brookfield Properties Corporation (BPO: NYSE, TSX) today announced that it has entered into a joint venture partnership with Edge Fund Advisors on the 1625 Eye St., NW office property in Washington, DC. In joining the venture, Edge Fund – a Washington, DC-based real estate investment advisor and asset management firm acting on behalf of HSBC Alternative Investments Limited and an exclusive syndicate of HSBC Private Banking Clients – will assume a 90% common membership interest in the building by contributing $203.4 million, or $587 per leasable square foot. Brookfield will maintain a 10% common membership interest as well as a preferred interest in the venture, and will retain property management and leasing responsibilities at the building. Brookfield Sells One Bethesda Center to JBG, 1625 Eye St. in DC to JVBrookfield Properties Corporation (BPO: NYSE, TSX) has entered into a joint venture partnership with Edge Fund Advisors on the 1625 Eye St., NW office property in Washington, DC. D.C. Deal Flashes Foreign CapitalThe Wall Street Journal -- A group of wealthy investors represented by a unit of HSBC Holdings PLC has purchased a 90% stake in a Washington office building, in a further sign of the relative strength of the U.S. capital's office market and the dominant role foreign investors are playing as buyers of commercial property. |
| Home|About Us|Assets Under Management|News and Research|Contact Us |
|
Washington, DC: 5301 Wisconsin Avenue, NW, Suite 740, Washington, D.C. 20015 | Phone: 202-537-0770 | Fax: 202-537-5505 Miami, FL: 5959 Collins Avenue, Suite 1402, Miami, Fl 33140 Site by LightMix |
Copyright © 20011 Edge Funds |
