In addition to the $ 10 million, the investors will collect another $ 4.5 million based on their 30
percent ownership interest, which means they will collect a total of $ 14.5 million — nearly 60 percent of the proceeds.
Our Calgary Office advised Wolf Midstream Inc. (Wolf Midstream) in connection with an agreement with MEG Energy Corp (MEG) to acquire MEG's 50
percent ownership interest in Access Pipeline and a 100 percent ownership interest in the Stonefell Terminal for C$ 1.52 billion, including capital commitments of approximately C$ 90 million.
The current sponsor, a joint venture between Highgate Hotels and real estate private equity firm Rockpoint Group, will retain the remaining 65
percent ownership interest in the hotel and retail.
NorthStar and NorthStar Income, on a pro-rata basis, will have a 35
percent ownership interest in the Milford Plaza hotel and the retail component of the hotel.
Last December, Eequity Residential entered into a contract to acquire an approximate 26.5
percent ownership interest in Archstone for $ 1.325 billion in cash.
The company also announced an agreement to acquire the 49
percent ownership interest in GGP Ivanhoe III currently held by joint venture partner Ivanhoe Cambridge, thereby increasing its ownership interest to a full 100 percent.
Ivanhoé Cambridge acquired a 49.9
percent ownership interest in 1411 Broadway, a 40 - story office tower in Manhattan, for $ 360 million.
DDR Corp. has acquired its joint venture partner's 50
percent ownership interest in two high quality prime power centers located in Portland, Oregon and Phoenix for $ 70 million.
Kimco Realty Corp. purchased a 50
percent ownership interest in Orleans Gardens Shopping Center, a 110,000 - sq.
Of the 105 joint venture communities, 37 have purchase options that are exercisable in 2013, 13 have purchase options that are exercisable in 2014, and 21 are subject to open buy / sell rights that could result in Health Care REIT acquiring a 100
percent ownership interest.
Wells Fargo Center's space is in addition to the 943,600 sq. ft. of leasable area at the U.S. Bank Centre, also located in Seattle's financial district and in which Ivanhoé Cambridge has a 50
percent ownership interest.
Chicago - based General Growth Properties has acquired a 50
percent ownership interest in Town East Mall shopping center in Mesquite, Texas.
In addition, the company has acquired the remaining 30
percent ownership interest in Virginia Center Commons in Richmond, Va., from Charlotte, N.C. - based Faison for an unnamed sum.
As part of the transaction, the non-controlling owners in Taubman TCBL will give up the capital that was credited to them in connection with Taubman's acquisition of the company in 2011, including their 10
percent ownership interests in investments in China.