SL Green, Ivanhoe Cambridge land $375M loan for 1745 B’way

SL Green Realty and Ivanhoe Cambridge refinanced their interest in a Midtown office tower at 1745 Broadway with a $375 million loan from Bank of China, following a decision by Penguin Random House to stay at the building. The partners had previously thought about selling their stake in the property, which totals 685,000 square feet […]

Chetrit Group secures $103M loan package for 49 Chambers condo conversion

The Chetrit Group scored $103 million in financing for its condominium conversion at 49 Chambers Street in the Financial District. The financing package includes a $70 million building loan and a separate $33.1 million project loan, according to records filed with the city on Monday. Real estate investment trust SL Green Realty and real estate […]

11 Midtown East buildings get landmark status

The city’s Landmarks Preservation Commission designated 11 properties in Midtown East as historical landmarks, ahead of the proposed rezoning for the area. Included in the list are the 31-story Graybar Building at 420 Lexington Avenue and the 25-story Pershing Square building at 125 Park Avenue, both owned by SL Green Realty. The landmarked designation will […]