(For more retail coverage, click GlobeSt.com/RETAIL.)
(To read more on the debt and equity markets, click here.)
NEW YORK CITY-MacArthur Properties has won a $52-million fixed-rate refinancing for a portfolio of seven retail properties here. The portfolio--six properties are in Manhattan and one is in Queens--are condominium interests totaling 68,431 sf. They consist of grade-level retail with some second-floor office space.
GMACCM vice president Irwin Boris, of the New York loan origination team, arranged the transaction through the company's Proprietary Lending Group. The properties are located at 135 East 54th St., 233 East 69th St., 301 East 69th St., 233 East 70th St., 305 East 72nd St. and 205 East 78th St. in Manhattan. The Queens property is at 25-10 Queens Blvd.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
