Wednesday, March 13, 2013

Carlyle to Monetize 650 Madison

Bloomberg reported:

Carlyle Group LP (CG) is putting midtown Manhattan’s 650 Madison Ave. on the market, with a sale expected to fetch more than $1.3 billion.

Carlyle and a partner bought the building from Hiro North American Properties for $695 million in April 2008, and refinanced it in 2010.  

Another Carlyle double.