Inside the ownership structure of 111 West 57th St.

From left: PMG’s Kevin Maloney, the partial ownership structure of 111 West 57th Street and JDS’ Michael Stern From the New York website: Who really owns the city’s biggest development projects? It’s a question that has stumped industry observers for years, as investors typically operate from behind LLCs and ownership stakes are closely-guarded secrets. On…

Miami business park sold for $16.6M

The Webster Business Park in Miami traded for $16.6 million. Webster Business Park LLC, an affiliate of Boston-based TA Realty, sold the 178,521-square-foot industrial property at 7200 N.W. 25th Street to Cofe Cix Webster Park LLC, an affiliate of Miami-based commercial real estate firm Cofe Properties. Miami Lakes-based BankUnited provided an $11.1 million mortgage to…

News in brief

• Boynton Beach-based Forman Capital LLC has formed a strategic partnership with Canada-based Trez Capital Group LP. Trez Forman Capital Group LP will primarily provide clients bridge, mezzanine and senior financing. www.formancap.com. • Pedego Electric Bikes opened a store at 777 E. Atlantic Ave, Suite C7 in Delray Beach. (561) 501-7633 or www.pedegoelectricbikes.com. • The…