Wall Street Journal
The report says Centerline Chief Executive Marc Schnitzer confirms that a deal could be struck as early as this quarter. Centerline's special-servicing unit has $6.2 billion of assets under management, the Journal says.
Farkas and Island were most recently noted for doing business with Dubai World, partnering with that entity to acquire US property through its Istithmar World Capital investment arm. He has reportedly since parted with that entity after the financial collapse in Dubai.
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