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Most of the financing ($80 million) comes via a bridge loan.
The developer recently acquired the site for $160 million.
The eight-story building features 340 apartments.
The building served as the former headquarters of Pepsi-Cola.
The property was 94 percent leased, as of the item of the purchase.
More than 500 of the company's 1,650 lawyers are based in New York.
Adapting to trends and innovating is vital
The organizations will take over 65,000 square feet of space at The Daily News Building.
Stellar at Palm Aire, 39 new townhomes surrounded by trails and golf course views in Pompano Beach. Courtesy photoIn addition, the company is buying another Florida rental community.
However, rents were strong in the three Florida regions.