Articles by Max Gillespie
Tishman Speyer Secures $3.5B Refinancing for Rockefeller Center In Midtown, Manhattan
Tishman Speyer recently secured a $3.5 billion loan to refinance Rockefeller Center in Midtown, Manhattan. The loan is the largest-ever CMBS issued for a single office asset. Bank of America and Wells Fargo co-led the five-year single asset single borrower loan, which carries a fixed interest rate of 6.2265 percent. The funds will be used to pay off an existing $1.7 billion loan and mezzanine financing due in May 2025, as well as cover leasing costs.
Three New Retail Leases Signed for Jasper at 49-20 5th Street In Long Island City, Queens
Demolitions Approved For 567 And 569 Courtlandt Avenue In Melrose, The Bronx
Permits have been issued for the demolition of two buildings at 567 and 569 Courtlandt Avenue in Melrose, The Bronx. The adjacent lots are located between East 149th Street and East 150th Street. NY Psychotherapy is listed as the owner behind the applications.
Demolition Permits Filed for 2875-2879 Valentine Avenue in Bedford Park, The Bronx
Permits have been filed for the demolition and alteration of three adjacent buildings at 2875, 2877, and 2879 Valentine Avenue in Bedford Park, The Bronx. Dedaj Construction Corp. is listed as the owner behind the applications. Permits are currently in the plan examiner review phase.