September 2, 2003 New York Post (Third item)Swig Burris Equities has refinanced its construction loan on 48 Wall St. with a $55 million permanent loan from North Fork Bank. The restored and modernized 1927 building is now 96 percent occupied.
September 2, 2003 New York PostBy the middle of next month developer Larry Silverstein plans on starting construction of a planned 52-story tower at the site of the former 7 World Trade Center building in downtown Manhattan. The 70 tons ...
The investment bank securitized a six-month mortgage it provided to Conseco and Donald Trump, allowing them to refinance an equal-sized loan. The new debt gives them plenty of time to find a buyer for the 1.8 million-sf office building.
Macklowe Properties has agreed to buy Manhattan's GM Building. The property, which was only recently refinanced with short-term debt, was expected to sell for more than $1.2 billion.
August 27, 2003 New York PostHines has completed the purchase of most of Sumitomo Life's interest in two New York office buildings and one in Washington. The Houston company acquired Sumitomo's stake in 499 Park Ave. and 425 Lexington Ave. ...
August 27, 2003 New York Post (Second item)Investor Ivor Bracka sold the five Manhattan apartment buildings that Apartment Investment and Management Co. just bought. As earlier reported, Denver-based Aimco paid $37.5 million for the buildings, which are located at 181-199 ...
August 27, 2003 New York Post (Fourth item)Developer Philip Pilevesky is exploring the conversion of 40 Rector St., an office building on the West Street corridor near ground zero, into residential. Several large leases come due in the next year ...
August 26, 2003 New York Post (Third item)The Kuwaiti owners of 885 Third Ave. have hired CB Richard Ellis to market the landmark office tower in Midtown Manhattan. Also known as the Lipstick Building, the buildinghas about 586,000 square feet ...
The real estate adviser has hired Cushman & Wakefield to market 44 Wall Street for sale. Some local real estate players say Lend Lease is seeking as much as $60 million for the property.
August 26, 2003 Apartment Investment and Management Co. (NYSE:AIV) has paid $37.5 million for five apartment buildings in Manhattan, near Lincoln Center. The properties total 58 units and 12 commercial spaces on the ground floor. Aimco said it structured the ...
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