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With a New Name, Property Group Partners Eyes NYC Sites

NEW YORK CITY-The commercial real estate arm of Louis Dreyfus Group is revamping its title, but not its company strategy, GlobeSt.com has learned. President Jeffrey I. Sussman tells GlobeSt.com’s Jacqueline Hlavenka about its latest Manhattan deals in the pipeline.

By Jacqueline Hlavenka | Updated on December 07, 2011

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.

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