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
Weekend Recap: The Battle for Unique Inventory
Salvation or false hope? Article XI lures landlords
Inside rising townhouse prices across New York
City
NYC’s top deals: Bowery Grand Hotel sells for $8M
Two years later, Brandon Miller fallout ripples through real
estate
NY Dirt: Three takeaways from the Pacific Park MOU
Rabsky co-founders Simon Dushinsky and Isaac Rabinowitz
split. Sort of.
We Buy Houses Salisbury, NC: Top 5 Companies
We Buy Houses Muskogee, OK: Top 5 Companies
We Buy Houses Owasso: Top 5 Companies
