Debt flooded NYC’s development pipeline in March
Debt flowed through New York’s development pipeline in March, with lenders backing everything from a Brooklyn residential megaproject to Midtown trophy office towers. In Williamsburg, Two Trees landed a $460 million construction loan for the next phase of its Domino Sugar refinery development, a pair of residential towers. Across the river, Midtown saw a flurry of office activity, led by a $450 million loan for Global Holdings’ NoMad office tower. Further north, JPMorgan Chase supplied a $417 million loan for Extell’s Ikea-anchored retail and office development and RXR locked in a $408 million loan for its Lexington Avenue renovation. Citadel […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
How to Estimate Rehab Costs from Scratch (Materials
& Labor) (Rookie Reply)
How To Make The Most Of Networking Events
Japanese capital floods NYC multifamily market
Housing lotteries frustrate landlords, tenants. Here’s how
to fix them
The Upper East Side’s court-ordered market
NYC’s top deals: Nate Silver scoops up Noho pad for
$3M
The Daily Dirt: Is AI the office market’s best friend or
biggest threat?
For co-ops, pied-à-terre tax leaves more questions than
answers
MAG, Global Holdings plot Hudson Square resi tower
Midtown South dominates April leasing activity
