Carlyle May Pay $525 Million for Stake in 666 Fifth Ave..

[Joanne98]

April 25 (Bloomberg) -- Carlyle Group, the world's second- largest private-equity firm, is poised to buy a stake in the retail portion of 666 Fifth Ave. in New York for $525 million in a transaction that would help the building's owner Jared Kushner repay debt, according to people familiar with the matter.

Carlyle, based in Washington, plans to make the purchase with Crown Acquisitions as a leasing partner, said the people, who declined to be named because the deal isn't complete. Carlyle may not buy all of the space available, according one person familiar with the transaction.

The purchase would be the second high-profile commercial real estate acquisition by Carlyle this month. The firm acquired 650 Madison Ave. for $680 million with Ashkenazy Acquisition Corp. A sale of the 666 Fifth retail space would enable Kushner Cos. to pay some of the short-term debt incurred after purchasing the building last year for $1.8 billion.

``As far as Manhattan retail goes, it doesn't get much better than that space,'' said Dan Fasulo, managing director and head of research for Real Capital Analytics Inc. in New York. ``It makes sense for a cash-heavy buyer to come in and wait out the leases. Kushner is seeking to raise cash.''

http://www.bloomberg.com/apps/news?pid=20601109&sid=ae1ELVNeP8UA&refer=news

[Cooley Hurd]

1. "666" 5th Ave? Are they going to make it their World HQ / Evil Lair?

:D

[lisa58]

4. I used to work in that building...

...so did Jackie O.

[glowing]

2. The Devil comes to sit comfortably at their address.

[Pamela Drew]

3. Carlyle Runs On Dunkin'

All that pricey real estate is paid for by consumers eating
heavily subsidized corn and soy %$#@ at Dunkin and Monsanto's
hormone milk at Baskin Robbins.  

They're owned by Carlyle along with Romney's Bain Capital. 
How did the MSM miss coverage of that in Mitt's Presidential
bid?  

America runs on Dunkin and the NeoCons are laughing all the
way to the bank.  

March 01, 2006
#2006-019pc (issued by portfolio company)
Bain Capital, The Carlyle Group and Thomas H. Lee Partners
Complete Acquisition of Dunkin' Brands; CEO Luther to Chair
Board of Directors; Independent Company to Pursue Expansion
Strategy

Canton, MA – A consortium of global private equity firms
consisting of Bain Capital Partners LLC, The Carlyle Group and
Thomas H. Lee Partners LP today completed the acquisition of
Dunkin’ Brands Inc. from Pernod Ricard SA for $2.425 billion
in cash. 


http://www.carlyle.com/Media%20Room/News%20Archive/2006/item6912.html

https://www.dunkindonuts.com/aboutus/press/PressRelease.aspx?viewtype=current&id=100070

[Joanne98]

5. They also bought into a telecom.. Stealth Communications...

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x2758782

[Hannah Bell]

6. "Ashkenazy Acquisition Corp."? n/t