Himmel + Meringoff Properties has struck a $93 million recapitalization of its mixed-use office asset in Midtown West, Manhattan, called 525 West 57th Street.
As reported by the Commercial Observer, the investment firm plans to use the proceeds for work on the nearby Mount Sinai West hospital. This includes future leasing of 63,000 square feet of space at the building and completing 50,000 square feet of construction for the center's dermatology and neurological departments.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
*May exclude premium content© 2025 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.
