MacFarlane to Buy Stake in AOL Center
From Bloomberg News
MacFarlane Partners will pay as much as $859 million for about a half stake in the AOL Time Warner Center development in New York and an interest in the project’s construction loan.
San Francisco-based MacFarlane will be joined in the purchase by the California Public Employees’ Retirement System, said Marty Burger, executive vice president for New York-based Related Cos., the seller along with financier Leon Black’s Apollo Management.
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