With a New Name, Property Group Partners Eyes NYC Sites

NEW YORK CITY-The former US commercial real estate arm of global conglomerate Louis Dreyfus Group has a new name—and a fresh outlook. The management ownership has been renamed to Property Group Partners, marking the completion of a process that began several years ago when Louis Dreyfus began taking steps to gradually exit the development business, GlobeSt.com has learned.

According to a company announcement, Louis Dreyfus began selling group equity positions to various institutional investors while retaining the management’s investments and property management duties under a long-term plan. But despite the name change, the company’s direction—for the most part—is staying the same.