{"id":1004601137,"date":"2022-08-31T04:04:48","date_gmt":"2022-08-31T12:04:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004601137"},"modified":"2022-12-09T02:50:38","modified_gmt":"2022-12-09T10:50:38","slug":"rxr-realty-lands-260m-refi-for-manhattan-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rxr-realty-lands-260m-refi-for-manhattan-tower\/","title":{"rendered":"RXR Realty Lands $260M Refi for Manhattan Tower"},"content":{"rendered":"<div id=\"attachment_1004601138\" style=\"width: 279px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/75-Rock.-Image-courtesy-of-Newmark-e1661938991720.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004601138\" data-attachment-id=\"1004601138\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/rxr-realty-lands-260m-refi-for-manhattan-tower\/newmark-75-rock\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/75-Rock.-Image-courtesy-of-Newmark-e1661938991720.jpg\" data-orig-size=\"499,556\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Newmark Group, Inc.&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;75 Rock is a premier, Class-A office and retail building located in the heart of the world-famous Rockefeller Plaza, offering tenants proximity to well-renowned entertainment and dining options \\u2013 Radio City Music Hall and The Rink at Rockefeller Center. Photo courtesy of RXR Realty.&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;Newmark 75 Rock&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"75 Rock. Image courtesy of Newmark\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;75 Rock. Image courtesy of Newmark&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/75-Rock.-Image-courtesy-of-Newmark-e1661938991720.jpg?w=499\" class=\"wp-image-1004601138 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/75-Rock.-Image-courtesy-of-Newmark-e1661938991720.jpg?w=269\" alt=\"\" width=\"269\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/75-Rock.-Image-courtesy-of-Newmark-e1661938991720.jpg 499w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/75-Rock.-Image-courtesy-of-Newmark-e1661938991720.jpg?resize=269,300 269w\" sizes=\"auto, (max-width: 269px) 100vw, 269px\" \/><\/a><p id=\"caption-attachment-1004601138\" class=\"wp-caption-text\">75 Rock. Image courtesy of Newmark<\/p><\/div>\n<p><strong>RXR Realty<\/strong> has secured $260 million for the refinancing of 75 Rockefeller Plaza in Midtown Manhattan, New York City.<strong> Newmark<\/strong> arranged the financing, while<strong> Bank of America<\/strong> and <strong>Carlyle<\/strong> originated the loan.<\/p>\n<p>Built in 1947, the 627,000-square-foot 75 Rock is a mixed-use Class A office and retail tower in Rockefeller Center. The LEED Gold-certified property features floorplates ranging from 14,000 to 30,695 square feet, as well as 38,293 square feet of retail, according to CommercialEdge data.<\/p>\n<p>Tenants have easy access to floorplan flexibility due to WorxWell\u2014the owner\u2019s data analytics software program providing modular and adaptable spaces addressing tenant demands. Current office tenants at the office tower include Bank of America and WeWork, while American Girl anchors the retail space on the ground floor.<\/p>\n<h2>Five years after 75 Rock\u2019s renovation<\/h2>\n<p>RXR purchased the 33-story building in December 2012 for $420 million, according to CommercialEdge. In 2017, the owner invested $150 million into the tower&#8217;s renovation, which included upgrades to its fa\u00e7ade, a new lobby and main entrance, new elevators and windows as well as modern building systems.<\/p>\n<p>The property is less than half a mile of two stations, Grand Central Terminal and Penn Station.<\/p>\n<p>Vice-Chairmen and Co-Heads of the Debt and Structured Finance team, Jordan Roeschlaub and Dustin Stolly, and Senior Managing Director Nick Scribani led the Newmark team that secured the refinancing on behalf of the owner.<\/p>\n<p>Active in New York City, RXR plans to build <a href=\"https:\/\/www.commercialsearch.com\/news\/rxrs-michael-maturo-on-the-firms-transformative-real-estate-projects\/\">a billion-dollar skyscraper next to Grand Central Terminal<\/a>. RXR\u2019s President Michael Maturo estimates a 2028 or 2029 delivery for the project.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Newmark arranged the financing.<\/p>\n","protected":false},"author":3142,"featured_media":1004601142,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,1600,21742,10,21747],"tags":[33250,39112,50999,34489],"class_list":["post-1004601137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-new-york","category-latest","category-northeast","category-office","tag-bank-of-america","tag-dustin-stolly","tag-newmark","tag-rxr-realty"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>RXR Realty Lands $260M Refi for Manhattan Tower - CPE<\/title>\n<meta name=\"description\" content=\"Newark arranged the financing, while Bank of America and Carlyle originated the loan for 75 Rockefeller Plaza.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/rxr-realty-lands-260m-refi-for-manhattan-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RXR Realty Lands $260M Refi for Manhattan Tower\" \/>\n<meta property=\"og:description\" content=\"Newark arranged the financing, while Bank of America and Carlyle originated the loan for 75 Rockefeller Plaza.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rxr-realty-lands-260m-refi-for-manhattan-tower\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-31T12:04:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:50:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/75-Rock.-Image-courtesy-of-Newmark-1-e1661939683329.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"499\" \/>\n\t<meta property=\"og:image:height\" content=\"374\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anda Rosu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rxr-realty-lands-260m-refi-for-manhattan-tower\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rxr-realty-lands-260m-refi-for-manhattan-tower\\\/\"},\"author\":{\"name\":\"Anda Rosu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9ddda76c3d540297067f1385ee79340d\"},\"headline\":\"RXR Realty Lands $260M Refi for Manhattan Tower\",\"datePublished\":\"2022-08-31T12:04:48+00:00\",\"dateModified\":\"2022-12-09T10:50:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rxr-realty-lands-260m-refi-for-manhattan-tower\\\/\"},\"wordCount\":269,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rxr-realty-lands-260m-refi-for-manhattan-tower\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/08\\\/75-Rock.-Image-courtesy-of-Newmark-1-e1661939683329.jpg\",\"keywords\":[\"Bank of America\",\"Dustin Stolly\",\"Newmark\",\"RXR Realty\"],\"articleSection\":[\"Featured\",\"Finance\",\"New York\",\"News\",\"Northeast\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rxr-realty-lands-260m-refi-for-manhattan-tower\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rxr-realty-lands-260m-refi-for-manhattan-tower\\\/\",\"name\":\"RXR Realty Lands $260M Refi for Manhattan Tower - 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