521-541 W 25th St, New York, NY 10001 – Owner & Property. – 521-541 W 25th St, New York, NY 10001 is a Miscellaneous Store Building (K9) property. This property is located in zip code 10001 and was built in 1910. 521-541 W 25th St, New York, NY 10001 has a total lot square footage of 24,687. 521-541 W 25th St, New York, NY 10001 was last sold on 6/3/2014.
Extell Development’s One Manhattan Square. rate on RXR’s loan also jumped from 7 percent to 8 percent. “It was a struggle,” Barnett admitted in a September interview. “We thought we’d be able to.
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View property details and bid on 887 St Nicholas Ave, New York, NY 10032. This commercial multi family property is for sale.
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Upper east side townhouse asks $30M in U.S. dollars or $45M. – Hedge fund founder Claudio Guazzoni de Zanett has listed his Upper East Side townhouse for one price in US dollars and a higher value in digital currencies due. 12,380 interior square feet.
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6 Savvy Real Estate Developers Blurring The Lines Between. – Fast forward to 2017 and the firm is doing mega-deals like lending Extell Development $463M in mezzanine debt (though that has been revised down to $163M) for One Manhattan Square. SL Green Realty.
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RXR shaves Extell’s One Manhattan Square loan by $163M . I noted this in a past post and this is proof it’s beginning. Bridge loans are crucial for the developers across the country esp NYC, and with multiple billions in loans coming due in 2017 we could be in for a massive credit crunch within the commercial loan sector
If Gary Barnett can’t score a big loan at very favorable terms, is there hope for anyone in New York. In March, RXR agreed to provide 3 million in mezzanine financing for the 80-story Lower East.
Scott Rechler is the Chief Executive Officer and Chairman of RXR Realty LLC ("RXR"), a multi-billion dollar private real estate company which was formed subsequent to the sale of Reckson Associates Realty Corp ("Reckson") to SL Green in January 2007, one of the largest public Real Estate management buyouts in REIT history.