Sagehall is teaming up with RXR Realty to help recapitalize one of the real estate investment giant’s office assets in Midtown Manhattan, 530 Fifth Avenue, for $180 million, according to a report from the Commercial Observer.

The two will pour $70 million in new capital into the 475,000-square-foot asset. Also, they have grabbed a $110 million loan from ING Capital, which carries a five-year term.


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