Carlyle Group is in talks with about three firms that operate terminals and pipelines. These discussions are related to selling off about 25% stake in its Corpus Christi, crude oil export station, said a source known with the matter. They highlighted that the deal can be finalized for about $625 Million. Reportedly, the firm is as well in discussions with about three firms to jointly run a crude oil pipeline based in Houston to Corpus Christi. The identity of these firms could not be immediately opened.
Carlyle and other firms are working to start a minimum of eight plants. These plants are intended to export U.S. crude oil from the U.S. Gulf Coast to the worldwide markets. At present, the U.S. is engaged in producing over 12 Million barrels per day (bpd). Reports point out that this number is more than that of Russia and Saudi Arabia.
On a similar note, an associate of the Carlyle Group came into the news as it closed on the mass stake in a 43-story Midtown rental tower. Property records highlighted that the deal was finalized for approximately $251 Million. The latest move brings the company together with long-period owner Stonehenge NYC in a partnership. In a press release, Carlyle added that the latest partnership aims to recapitalize the Ritz Plaza with about $235 Million initial mortgages from Deutsche Bank.
Carlyle Property Investors is a real estate fund supported by the private equity firm. Property records show that the fund acquired an approximately two-thirds stake in the tower at 235 West 48th Street, a 1980s-era, a 479-unit complex, from organizations connected to SL Green Realty and Ivanhoe Cambridge. In the meantime, according to Real Estate Alert, Ofer Yardeni’s Stonehenge is supposed to hold the rest of the interest in the building.
