New York developers join forces to pursue ‘special situation’ opportunities

From Real Estate Weekly: “Two New York development companies have joined forces to build residential and mixed-use properties across the US and pursue ‘special situation’ investment opportunities.

“Winter Properties – part of the Standard Industries platform – and Hyperion Group announced their first joint venture will be a $100 million mixed-used development in West Palm Beach, Florida.”

“We are delighted to have Winter as a venture and capital partner.”

Rob Vecsler, Principal and CEO of Hyperion Group

Read the full article here.