latest news releases from the newsroom
Toll Brothers, Inc.
Toll Brothers Announces Joint Venture to Convert Hudson Tea Apartments in Hoboken to 525 Luxury Condos on Northern New Jersey Waterfront
HUNTINGDON VALLEY, Pa., Nov. 9, 2004 (PRIMEZONE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, and Apollo Real Estate Advisors L.P., today announced the formation of a joint venture to convert the 525-unit Hudson Tea Building apartments in Hoboken, New Jersey to luxury condominiums. Located on the Hudson River waterfront directly across from 34th Street in Manhattan, the complex consists of two 12-story buildings with 13-foot ceilings totaling approximately 540,000 square feet on 3.9 acres. Formerly the Lipton Tea Company manufacturing site, the buildings, which were substantially renovated and converted to rental apartments in 2000 by the previous owner, are currently 97% occupied. Residents enjoy spectacular views of the Hudson River and New York City and easy access to Manhattan via bus, car, Path Train and ferry. Apollo Real Estate Advisors L.P. invested in the partnership through its Apollo-GMAC Real Estate Mezzanine Fund. The purchase price was not disclosed.
Labaton Sucharow LLP
Goodkind Labaton Rudoff & Sucharow LLP Files Class Action Lawsuit Against Star Gas Partners, L.P. -- SGU
NEW YORK, Nov. 9, 2004 (PRIMEZONE) -- Goodkind Labaton Rudoff & Sucharow LLP filed a class action lawsuit on November 9, 2004 in the United States District Court for the District of Connecticut, on behalf of persons who purchased or otherwise acquired publicly traded securities of Star Gas Partners, L.P. ("Star Gas" or the "Company") (NYSE:SGU) between December 4, 2003 and October 18, 2004, inclusive, (the "Class Period"). The lawsuit was filed against Star Gas and certain officers and directors ("Defendants").