Silverstein Capital Partners Acquires Development Site In Brooklyn For $172M

Located at 1 Clinton Street in Brooklyn, this development site was recently sold in a closed transaction. The property, which is owned by Starwood Property Trust, was purchased by Silverstein Capital Partners. Hudson Companies will be the developer for this project. The transaction involved a loan amount of $172,000,000.

Summary of transation details

• Property Type: Dev Site
• Transaction Amount: $172,000,000
• Seller: Starwood Property Trust
• Buyer: Silverstein Capital Partners
• Developer: Hudson Companies

This deal brought together notable individuals in the industry. Marty Burger, Barry Sternlicht, Larry Silverstein, and David Kramer are the key figures associated with this transaction. Marty Burger and Barry Sternlicht represent Starwood Property Trust and Silverstein Capital Partners respectively.