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Office: rates & lending – page 5
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Crown Heights Office/Flex Property Garners Bridge Loan for RefiArrow Real Estate Advisors arranged a $22,000,000 bridge refinance for 1000 Dean St., a creative office and flex property located in Brooklyn’s Crown Heights/Prospect Heights submarket.
Berkadia Arranges $100.4M Refinancing for Office Campus in Palm Beach Gardens, FloridaPALM BEACH GARDENS, FLA. — Berkadia has arranged a $100.4 million loan for the refinancing of DiVosta Towers, a two-building office campus located at 3825 and 3835 PGA Blvd. in Palm Beach Gardens, a city in South Florida’s Palm Beach County.
Cushman & Wakefield Arranges $80M Loan for Refinancing of Northern New Jersey Office CampusPARSIPPANY, N.J. — Cushman & Wakefield has arranged an $80 million loan for the refinancing of LATITUDE, a 35-acre office campus located in the Northern New Jersey community of Parsippany. LATITUDE features 524,859 square feet of office space across multiple buildings.
Cirrus Real Estate Partners Supplies $100M Refi on Palm Beach Gardens Office ComplexMiami developer Gatsby Florida has sealed a $100.4 million loan to refinance Divosta Towers, a Palm Beach Gardens office complex, four years after landing a $90 million recapitalization for the 217,208-square-foot asset, Commercial Observer has learned.
JLL Arranges $42M Loan for Refinancing of Midtown Manhattan Office BuildingNEW YORK CITY — JLL has arranged a $42 million loan for the refinancing of The Nelson Tower Building, a 510,304-square-foot office complex located at 450 Seventh Ave. in Midtown Manhattan.
S3 Capital Lends $102M for Hell’s Kitchen Office-to-Resi ConversionDeveloper Hershy Silberstein has sealed $102 million of construction financing to execute an office-to-residential conversion of the Press Building in Manhattan’s Hell’s Kitchen, Commercial Observer can first report.
Representative imagePGIM Provides $58.5M Loan for Refinancing of Cambridge Office, Retail BuildingCAMBRIDGE, MASS. — PGIM has provided a $58.5 million loan for the refinancing ofOne Brattle Square, an office and retail building located across the Charles River from Boston in Cambridge.
MRC Provides $480M in Financing for Office-to-Residential Conversion Project in Midtown ManhattanNEW YORK CITY — Madison Realty Capital (MRC) has provided $480 million in financing for an office-to-residential conversion project in Midtown Manhattan.
Midtown Office-to-Resi Conversion Secures $480M FinancingMadison Realty Capital originated a $480-million loan to Yellowstone Real Estate Investments for the conversion of 1740 Broadway, a 523,051-square-foot, 27-story office building located along Broadway between 55th and 56th streets in Midtown Manhattan, into a 420-unit luxury…
Madison Realty Capital Lends $480M on 1740 Broadway Office-to-Resi ConversionYellowstone Real Estate Investments has secured a $480 million loan to convert a Midtown Manhattan office building at 1740 Broadway into luxury apartments and condominiums.
Representative imageJLL Arranges Refinancing of Portion of Old Parkland Office Campus in Uptown DallasDALLAS — JLL has arranged a loan of an undisclosed amount for the refinancing of six office buildings totaling 288,217 square feet within the historic Old Parkland campus in Uptown Dallas.
Newmark Arranges $280M Financing for Long Island Office PortfolioNewmark arranged the $280-million financing for a 14-property medical office and suburban office portfolio totaling approximately 1.51 million square feet across Long Island.
Representative imageNationwide Mortgage Bankers Opens 30,000 SF Office Headquarters in Melville, New YorkMELVILLE, N.Y. — Nationwide Mortgage Bankers (NMB), a locally based financial institution, has opened a 30,000-square-foot office headquarters at 1305 Walt Whitman Road in Melville, a community located on Long Island.
ACORE Capital Provides $110M Loan for Refinancing of Midtown Manhattan Office BuildingNEW YORK CITY — ACORE Capital has provided a $110 million loan for the refinancing of 370 Lexington Avenue, a 317,000-square-foot office building located in the Grand Central submarket of Midtown Manhattan.
BSD, KSR Recapitalize 370 Lexington Ave. for $138MBroad Street Development (BSD) and KSR Capital completed the refinancing and recapitalization of 370 Lexington Avenue, a recently modernized 317,000-square-foot office tower in Manhattan’s Grand Central submarket. The $138-million recapitalization pays off lender Invesco.
Broad Street Development and KSR Capital Seal $138M Recap for 370 Lexington AvenueBroad Street Development has closed a $138 million refinancing and recapitalization of 370 Lexington Avenue, a 317,000-square-foot office tower in Midtown Manhattan, Commercial Observer has learned.
RAMROCK Snags Financing for Preston Center Mixed-Use ProjectRAMROCK Real Estate, in partnership with Lincoln Property Company and Willow Bridge Property Company, secured financing for the 8300 Douglas project at Preston Center, a mixed-use development that will include an elevated office, residential and retail environments.
Representative imageJoint Venture Refinances 615,305 SF Office, Life Sciences Campus in Bedford, MassachusettsBEDFORD, MASS. — A joint venture between Anchor Line Partners and Alloy Properties has refinanced The Core at Crosby, a 615,305-square-foot office and life sciences campus in Bedford, a northwestern suburb of Boston.
ESRT Offloads 250 W. 57th St. for $275MEmpire State Realty Trust, Inc. (ESRT) said Tuesday it had completed the disposition of 250 W. 57th St., a 540,000-square-foot office tower for $275 million. The sale price included the buyer’s assumption of $180 million of mortgage debt.
Washington Trust Provides $47.6M in Financing for Worcester Office-to-Residential Conversion ProjectWORCESTER, MASS. — Washington Trust Co. has provided $47.6 million in financing for an office-to-residential conversion project in Worcester. The project will convert the former Fallon Community Health Plan headquarters at 10 Chestnut St.