Finance & Accounting

757 Third Avenue

Equity giant borrows $205M on 757 Third

New York Life Real Estate Investors announced $205 million in financing for 757 Third Avenue. The 503,000 s/f Class A office tower in Midtown is owned by Multi-Employer Property Trust (MEPT), as advised by Bentall Kennedy (US) Limited Partnership....

Madison Realty arranges Chelsea acquisition loan

Madison Realty Capital provided $34 million of financing for the acquisition and renovation of 125 West 16th Street. The mixed-use residential and retail building located in Chelsea has 40 residential units and two ground floor retail units. The...

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Micro-apartments attract mezzanine funding

Pembrook Capital Management has closed on a $6.25 million mezzanine loan to fund development of a 123-unit micro-apartment project in downtown Portland. Known as Tess O’Brien, the development consists of two six-story buildings containing 40,604...

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