NEW YORK CITY-A two-year extension for the $263-million construction loan has been granted to the developers of 75 Wall St. The developers of the condominium/hotel, Hakimian Organization, Gorjian Properties and Peykar Brothers Realty received the extension from the German bank Bayerische Landesbankon.
The loan had matured on April 30 this year. The lower floors of the building houses Andaz, a 253-room Hyatt hotel chain, and the upper floor houses 346 high-end condos. For the full story, go to Crain's New York Business.
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