Fortress Investment Group LLC is considering making a $4.7 billion bid for Stuyvesant Town-Peter Cooper Village, a Manhattan apartment complex, Bloomberg reported, citing a person familiar with the matter. The New York-based private-equity firm is seeking financing for the bid and a deal would involve bringing in equity partners to contribute cash, the person said. (r.reuters.com/nun39v)CWCapital Asset Management LLC, a special servicer representing bondholders, took control of the complex in 2010 after its owners missed a debt payment.MetLife sold the complex in 2007 for a record $5.4 billion to a group led by Tishman Speyer Properties LP and a real estate unit of BlackRock Inc.Barclays Plc estimated in a May 2 report that the property could fetch $4 billion to $4.3 billion in a sale, which would result in zero losses to bondholders, the Bloomberg report said.
BlackRock, Inc. (BlackRock) is an investment management firm. Shares of BLK fell by 0.53% or $-1.62/share to $302.96. In the past year, the shares have traded as low as $240.60 and as high as $326.00. On average, 697110 shares of BLK exchange hands on a given day and today's volume is recorded at 595034.
Fortress Investment Group LLC (Fortress), is a global investment management firm. Shares of FIG traded higher by 0.86% or $0.06/share to $7.03. In the past year, the shares have traded as low as $6.27 and as high as $9.16. On average, 2533600 shares of FIG exchange hands on a given day and today's volume is recorded at 2106710.
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