Archive for the ‘Investment Firm’ Category

TSX Broadway Sees The Fortress Investment Group Enter The Real Estate Sector

Wednesday, January 2nd, 2019

The New York real estate sector is one of the most competitive and complex in the world with many different groups entering the markets each year.

The Fortress Investment Group is entering the New York real estate sector but partnering with two groups who have a long history of success in the “Big Apple”. The estimated completion date of TSX Broadway in Times Square is 2021 and sees the first major move by Fortress owners, Softbank to build on the existing success of the brand.

Much like Softbank, Fortress Investment Group has a long history of undertaking a range of non-traditional and technology-based investments which are often ignored by their competitors. The TSX Broadway real estate development has been planned for some time and will see a major redevelopment of the Times Square area including some historic landmarks, such as the Palace Theater. The 1,700-seat theater will be preserved and restored over the course of the development with its original interior restored to its stunning glory with the aid of modern construction techniques.

Read more: Newsonomics: Softbank, Fortress, Trump – and the real story of Gatehouse’s boundless ambition

One of the most impressive aspects of the 46-story development will be the 10 floors of retail space which will be created by the $2 billion projects. Despite the project not starting construction yet, many of the world’s leading retailers are already rumored to be interested in occupying the space created by the Fortress Investment Group in Times Square.

Alongside the floors of luxury apartments which are planned to occupy much of the development, the Fortress Investment Group plans to create a further ten floors of luxury hotel space. The development will include 30 hotel suites known as the “Drop The Ball” rooms with views overlooking the annual New Year’s Eve event in New York City. TSX Broadway will allow the Fortress Investment Group to add another string to its bow of successful investments made in a range of different industrial and retail sectors.

Check more about Fortress Investment Group: https://www.bizjournals.com/newyork/cotm/detail/309/Fortress-Investment-Group

Madison Street Capital Acts As Exclusive Advisor To Sachs In Take Private Transaction

Friday, December 14th, 2018

Recently, Madison Street Capital, an international investment banking firm, was instrumental in organizing a take private transaction between RMG Networks and Sachs Capital Group. As of September 28, 2018 the transaction was completed. RMG stockholders who were invested in the company when it was traded publically on the NASDAQ stock exchange were paid a reported $1.29 in cash per share according to the details of the transaction.

 

The role that Madison Street Capital played in the transaction was exclusive advisor to Sachs Capital Group. CEO of Sachs Capital Group, Gregory H. Sachs, gives accolades to Madison Street Capital for the expert utilization of their business relationships and the professionalism shown in following along diligently in the transaction from start to closing. According to Sachs, Madison Street Capital truly went above and beyond in their unification of the transaction and exclusive advisory role to Sachs Capital Group.

 

CEO of Madison Street Capital, Charles Botchway, swiftly and professionally gave credit where due and announced that Senior Managing Director Barry Petersen had headed the transaction. Petersen RMG Networks sits quite well in terms of positioning to capitalize on growth opportunities with its new communication platform, Korbyt. Overall, Petersen, Botchway, and Sachs all seemed quite pleased with the joint interactions and the outcome of the transaction.

 

The Madison Street Capital reputation is built on years on creating relationships and proving why they stand as a leader in their field through the consistent display of integrity, exemplary service and the pursuit of excellence in business as an international investment banking firm. Headquartered in Chicago, Illinois and founded in 2005, Madison Street Capital offers an array of services to clients which include investment services, buy and sell side equity services, detail-oriented exit strategies, and finely formatted valuations for a variety of purposes, in addition to a selection of specialized corporate advisory services.

 

Madison Street Capital is doing its part through investments in philanthropic efforts with an eye on the future. One of the organizations with which they are heavily involved is the United Way. As many are aware, the United Way is a community based organization which works in partnership with local businesses, schools, organizations of faith, and government agencies to make a positive impact on communities. Madison Street Capital selected their association with the United Way in an effort to make a difference on both a local and global scale as they support the organization’s worldwide efforts.

 

Visit http://madisonstreetcapital.org/ to learn more.