{"id":1004032808,"date":"2011-10-05T06:08:31","date_gmt":"2011-10-05T14:08:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004032808"},"modified":"2022-12-06T11:44:14","modified_gmt":"2022-12-06T19:44:14","slug":"taconic-closes-220m-fund-for-cre-assets-in-nyc","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/taconic-closes-220m-fund-for-cre-assets-in-nyc\/","title":{"rendered":"Taconic Closes $220M Fund for CRE Assets in NYC"},"content":{"rendered":"

October 5, 2011<\/strong>
\nBy Nicholas Ziegler, News Editor<\/em><\/p>\n

New York-based CRE owner and developer Taconic Investment Partners has closed on Taconic New York City Investment Fund L.P., an investment fund with $220 million in committed equity from Taconic and several large public pension funds. Through the fund, the firm aims to add multi-family, office and retail assets in New York City that will achieve a 15-17 percent net return. <\/p>\n

\u201cTaconic New York City Investment Fund LP is well positioned to capitalize on our long history of investment and repositioning success,\u201d Paul Pariser, co-CEO at Taconic, said. \u201cThe shifting real estate landscape and capital markets disruption are likely to provide opportunities for significant long-term upside potential.\u201d<\/p>\n

According to a Cushman & Wakefield research report issued this month, New York is the currently the global leader among cities that are most attractive for commercial investment. As investors continue the flight-to-quality trend, the city saw a 165 percent increase in activity year-to-year to the third quarter of 2011.<\/p>\n

Taconic has already repositioned several New York assets, including 111 8th Ave., 401 West 14th St., 450 Park Ave., The BankNote Building and MeadowWood at Gateway. <\/p>\n","protected":false},"excerpt":{"rendered":"

New York-based Taconic Investment Partners has closed on Taconic New York City Investment Fund L.P., an investment fund with $220 million in committed equity to acquire commercial properties in the NYC area. <\/p>\n","protected":false},"author":1201,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,10,21747,21749],"tags":[],"class_list":["post-1004032808","post","type-post","status-publish","format-standard","hentry","category-investment","category-latest","category-northeast","category-office","category-retail"],"acf":[],"yoast_head":"\nTaconic Closes $220M Fund for CRE Assets in NYC - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/taconic-closes-220m-fund-for-cre-assets-in-nyc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taconic Closes $220M Fund for CRE Assets in NYC\" \/>\n<meta property=\"og:description\" content=\"New York-based Taconic Investment Partners has closed on Taconic New York City Investment Fund L.P., an investment fund with $220 million in committed equity to acquire commercial properties in the NYC area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/taconic-closes-220m-fund-for-cre-assets-in-nyc\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-10-05T14:08:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T19:44:14+00:00\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/taconic-closes-220m-fund-for-cre-assets-in-nyc\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/taconic-closes-220m-fund-for-cre-assets-in-nyc\/\",\"name\":\"Taconic Closes $220M Fund for CRE Assets in NYC - 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