JPMorgan said to fund luxury-condo tower at One Wall Street

JPMorgan said to fund luxury-condo tower at One Wall Street

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Sizing up commercial real estate’s lending giants. loan to fund his 72-story luxury condo tower at 138 East 50th Street. The structure already stood several stories tall, and Ceruzzi needed.

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It also agreed to loan $850 million to Macklowe Properties for the residential conversion of One Wall Street. The loans are a sign of confidence in the city’s luxury condo market.

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A big change for a Lower Manhattan landmark is one step closer to becoming a reality. On Tuesday, the Landmarks Preservation Commission approved modifications to 1 Wall Street, paving the way for its conversion from bank headquarters to residential condominiums with ground-floor retail.

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Calstrs to Sell Stake in Landmark Downtown New York Skyscraper – Calstrs, as the second-biggest U.S. public pension fund is known. three skyscrapers, one of which is under construction. A block to the south, Bank of New York Mellon has said it may sell 1 Wall.

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JPMorgan Chase Bank NA has loaned $138.1 million to Two Roads Development for a Miami luxury condo tower project, according to an announcement on Thursday from Walker & Dunlop Inc., which arranged.

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