Finance
Vornado Seeking Recap for 2 Trophy Towers
The Trump Organization owns a minority stake in 1290 Avenue of the Americas in Manhattan and 555 California Street in San Francisco.
SL Green Lands $510M Loan for NYC Office Tower
The REIT obtained mortgage financing secured by the trophy asset at 220 E. 42nd St., known as The News Building, and utilized the proceeds to repay its revolving credit facility.
JV Acquires Boston-Area Office Campus for $66M
Greatland Realty Partners and Breed’s Hill Capital have bought four buildings with the help of an acquisition loan secured by JLL Capital Markets.
Talonvest Secures $19M in Loans for Storage Properties
The firm represented two different companies and arranged an acquisition loan and two refinancing packages.
3650 REIT Originates $36M Loan for LA-Area MHC Acquisition
A joint venture of Dugally Oberfeld Capital Partners and Fabulous Five will operate the asset as a detached multifamily rental community.
Monroe & Giordano Arranges Financing for New Mexico MHC
The $16.5 million loan was used to refinance the mortgage on the age–restricted Trails West community in Las Cruces.
Queens Warehouse Scores $40M Refi
Maxim Credit Group provided the financing package for the nearly 600,000-square-foot industrial asset in Maspeth.
Mirae Asset Global Investments Closes $69M Refi
JLL Capital Markets arranged the loan for a 12-story office building in downtown Washington, D.C.
Manhattan Coworking Building Changes Hands
As part of the deal, the buyer assumed a $35 million loan Arbor Realty Trust had provided in 2018.
Metro Commercial Properties Lands $7.4M Refi for Suburban Houston Asset
The two-story, 63,373-square-foot office property is located in the northern suburb of Spring.