Gramercy Capital Corp., the real estate investment trust whose stock has more than doubled in the past year, may consider a sale of the company after it completes a debt restructuring, said two people familiar with the plan. The shares surged almost 10 percent.
Kushner Cos. is seeking to buy American International Group Inc. ’s equity stake in about 17,000 apartments, almost three years after selling the units near the property market’s peak, a person with knowledge of the bid said.
Buyout firms Apollo Global Management LP and Centerbridge Capital Partners LLC made competing bids for CW Financial Services, parent of the second-largest manager of delinquent U.S. commercial real estate loans, according to two people with knowledge of the offers.
Vornado Realty Trust submitted a bid to buy CW Financial Services, the parent of the second-largest manager of delinquent U.S. commercial real estate loans, a person with direct knowledge of the offer said.