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SL Green JV closes on $1.25B loan, starts construction of One Madison tower
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SL Green and its joint venture partners, the National Pension Service of Korea and Hines, have closed on a $1.25 billion construction loan for One Madison Avenue.
Debt & Equity
Gotham Organization secures $217.5M loan for The Ashland rental tower
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The Gotham Organization  has secured a $217.5 million loan for The Ashland rental building in Fort Greene. The property, located at 250 Ashland Place
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SL Green lands $600M loan to rebuild 410 Tenth for Amazon, First Republic
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SL Green, Manhattan’s largest office landlord, has closed on a new $600 million construction loan for 410 Tenth Avenue. The deal scuppers rumors that the
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Brookfield announces $2.2B in financing deals
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Brookfield Property Partners (BPY) has completed $2.2 billion financings in two transactions. The company announced it has borrowed $1.8 billion of total
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Advance, Greek land $103M loan for first phase of 3M s/f warehouse development
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Advance Realty Investors and Greek Development have secured $103,481,000 in industrial construction financing for Buildings H and E at Logan North Industrial
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Marx Realty signs Wells Fargo at 545 Madison
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Marx Realty (MNPP) has signed a 10-year retail lease with Wells Fargo to occupy 4,700 S/F of retail space at its 545 Madison Ave. in the Plaza District.
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Clarion fund secures $10M loan for latest industrial acquisition
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The Clarion Partners Real Estate Income Fund has secured a $10.1 million post-acquisition loan for a 183,000 s/f industrial warehouse and distribution
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Enterprise launches new program to protect low-income housing communities
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Emergency Action for Resident and Partner Stability, a Covid-19 response program providing relief funding and assistance to nonprofits to ensure that individuals
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Rockrose closes on $350M refinance of LIC tower
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Rockrose Developer has refinanced its Eagle Lofts development in Loing Island City with a $350 million loan from Well Fargo. The financing replaces the
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Silverstein, UBS close $519M refi’ on 120 Broadway
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Silverstein Properties and UBS Realty Advisors has closed on a $510 million loan to finish their repositioning of 120 Broadway. Cushman &
Debt & Equity
Tishman Speyer secures $1B to refinance luxury LIC towers
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Tishman Speyer today announced that it has secured $1 billion in permanent financing for Jackson Park, its new luxury residential rental community in Long
Construction & Design
Construction gets underway at La Central in The Bronx
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Construction has started on two buildings at La Central, one of the largest mixed-income projects currently in development in New York City.