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PostPosted: Wed May 28, 2014 1:07 pm 
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http://therealdeal.com/blog/2014/05/27/ ... p-for-31m/

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UPDATE, 4:36 p.m., May 27: An affiliate of Washington, D.C.-based global asset management firm Carlyle Group acquired three contiguous parcels in Dumbo from Midtown developer Megalith Capital Management for a total of $30.6 million — the same amount the sites changed hands for last year, according to property records filed with the city today.

In partnership with developer Shelly Listokin’s Urban Realty Partners, Megalith had planned to construct a 105-unit rental building on the site, which includes 173 Front Street, 177 Front Street and 200 Water Street. Just 13 months ago, the land was part of a massive portfolio belonging to the Jehovah’s Witnesses. As part of the organization’s plan to relocate upstate, the Jehovah’s Witnesses sold it to Megalith for $30.6 million in April, as The Real Deal reported.

The Front Street addresses are vacant lots, while 200 Water Street holds a three-story warehouse. The former sold for $21.35 million; the later closed for $9.25 million, records show. Brillo Manufacturing, best known for their steel wool Brillo pads, long occupied the warehouse.

Megalith’s plans called for a 12-story building with one- and two-bedroom apartments asking between $3,000 and $6,000 per month in rent, as previously reported. Suffern, N.Y.-based Aufgang Architects had been hired to design the structure.

In a response to a request for comment regarding the deeds, a spokesperson for Megalith Capital Management said an affiliate of the Carlyle Group has invested into a partnership with Megalith Capital Management and Urban Realty Partners. Despite the sale, Megalith said the rental project would proceed. Megalith and Urban Realty will remain as operators, records show.

The Carlyle Group could not be immediately reached for comment.

Last fall, the Jehovah’s Witnesses sold the majority of its Dumbo portfolio in a six-building, $375 million deal with Kushner Companies and RFR Realty. Earlier this month, Kushner unveiled plans to rebrand the former Watchtower buildings as a high-tech office complex known as Dumbo Heights.

Tags: 200 water street, carlyle group, dumbo, jehovah's witnesses, Megalith Capital Management


Now, google Carlyle and GEORGE BUSH. Also, this is the same group that was featured in fahrenheit 911

Happy Trails!

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PostPosted: Wed May 28, 2014 1:19 pm 
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Now remember, recently, it was KUSHNER....TRUMPS SON IN LAW who bought this property up. And now:

THE FREAKING CARLYLE GROUP OUT OF WASHINGTON FREAKING D.C.....LOLOLOL

I KNEW IT I KNEW IT I KNEW IT...ALL ALONG I KNEW 'IT'.

NOW IT IS IN WRITING, AS FACT. DOCUMENTED EVEN.

HOLY TOLEDO.... :8O

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