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Top News In ப்ராபர்டீ குழு கூட்டாளர்கள் Today - Breaking & Trending Today

Largest Manhattan Real Estate Loans of January 2020


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From left: 410 Tenth Avenue, 100 Park Avenue, 230 East 20th Street, 30 Morningside Drive, SL Green’s Marc Holliday (Photos via Google Maps, Getty, Gramercy Square, 30 Morningside Drive/Illustration by Kevin Rebong for TRD)
The 10 largest Manhattan loans recorded in January totaled $1.95 billion, a 7 percent decrease from December’s total.
For the first time, the top loan of the month was for an acquisition that went into contract during the pandemic: a hefty CMBS loan that 601W Companies secured for its $953 million purchase of SL Green’s 410 Tenth Avenue. The remainder of the top 10 included one other acquisition loan and a construction loan, while the rest were refinancings. ....

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Related to control West Palm office market: Buys 2 more buildings, lures big mortgage company


Related to control West Palm office market: Buys 2 more buildings, lures big mortgage company
Alexandra Clough, Palm Beach Post
The Related Cos., led by billionaire Miami Dolphins owner Stephen Ross, is about to take control of the market for high-end commercial office space in West Palm Beach, giving the company the power to attract and ink leases with any office tenant seeking top space downtown.
Related is nearing completion on deals to acquire the Esperante Corporate Center, at 222 Lakeview Avenue, and CityPlace Tower, at 525 Okeechobee Boulevard, real estate sources said. Last month, a Related affiliate paid $282 million for the Phillips Point office complex at 777 S. Flagler Drive. ....

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What Tenants are Paying at Meadow Partners' 860 Washington


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From left: 860 Washington Street, Meadow Partners Managing Partner Jeff Kaplan and Calpers CEO Marcie Frost (Photos via Meadow Partners; Calpers; CNY Group)
In one of the few major office acquisitions to close in Manhattan since the start of the pandemic, Meadow Partners and California Public Employees’ Retirement System last month picked up the ground lease at 860 Washington Street in the Meatpacking District for $232 million.
Romanoff Equities and Property Group Partners completed the boutique building in 2016. Shortly before the ground lease sale, Romanoff bought out Property Group in a sale-leaseback deal valuing the land at the $80 million.
Meadow Partners and CalPERS financed their acquisition with a $116 million loan from JPMorgan Chase, which has been included in a CMBS transaction named BMARK 2021-B23. Loan documents provide an inside look at the property’s finances and a rent roll including prominent tech tenants like Ali ....

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