Vanbarton reels in $352M refi for nearly full Grand Central office tower
Vanbarton Group landed a fresh nine-figure loan for its nearly full Midtown office tower. Goldman Sachs provided a $352 million loan for 425 Lexington Avenue, a 31-story, 747,000-square-foot Class A office building next to Grand Central Terminal, according to property records. A source with knowledg
Azorim secures financing for final phase of Yonkers complex
An Israel-based development firm is preparing to put the finishing touches on a massive multifamily complex a dozen miles north of Manhattan. Azorim landed $69 million in construction financing from Western Alliance Bank for the fourth and final building of Mizora at Ridge Hill in Yonkers, the Comme
Former NYC “worst landlord” strikes a deal, avoids foreclosure
An infamous New York City landlord and his lender have struck a deal. Ved Parkash, one of the city’s “worst landlords,” has agreed to sell three of his buildings as part of an agreement with Community Stabilization Partners, Gothamist reported. The lender issued an ultimatum requiring the sale of th
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