NEW YORK CITY-Locally based Meridian Capital Group LLC arranged financing on behalf of their client, Lalezarian Properties, in the amount of $61 million for the acquisition of a luxury rental building, GlobeSt.com has learned. The building, sold by locally based Rockrose Development Corp., has both commercial space and parking, and is located at 15 Cliff St. in the Financial District.
Meridian was unable to disclose the identity of the lender at this time. Charles Grussgott and Abe Hirsch of Meridian's New York City office negotiated on behalf of Lalezarian Properties to secure this loan.
The 31-story building contains 156 apartment units, 1,800 sf of retail/commercial space, and a 4,734-sf garage. A spokesperson for Meridian tells GlobeSt.com that the company is currently unaware of future plans for the building.
The spokesperson notes that "even in today's unsteady market, Meridian was able to get this deal closed in 48 days."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
