Barclays Capital (BCS) announced that it has formed Crescent Real Estate Holdings LLC , a joint venture with Goff Capital Inc., to acquire Crescent Real Estate Equities Limited Partnership from Morgan Stanley Real Estate Funding II. Terms were not disclosed.
Crescent is a real estate investment company that owns and manages over 17 million square feet of premier office space, as well as investments in resort residential developments, luxury hotels and Canyon Ranch.
The firm also announced the appointment of John C. Goff as Chairman and Chief Executive Officer of Crescent. The appointment marks Goff's return to Crescent, a firm he formerly led as Vice Chairman & CEO until its sale to Morgan Stanley in 2007.
Goff co-founded Crescent Real Estate Equities in the early 1990s. He led the company as Vice Chairman & CEO during its IPO in 1994 and until its sale to Morgan Stanley in 2007. In 1998, Goff founded Goff Capital Partners, L.P., a private investment firm focused on real estate which currently has more than $5.0 billion in assets under management.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.