NEW YORK CITY-Marsh & McLennan uses a portion of its condominium interest in the building, located between 45th and 46th streets, to secure a mortgage. The firm locks into a 30-year, fixed-rate deal.

NEW YORK CITY-More than six month after GlobeSt.com reported Equity Office Properties Trust was the winning the bidder for 1095 Ave. of Americas, the Chicago-based company closes the deal.

NEW YORK CITY-More than six month after GlobeSt.com reported Equity Office Properties Trust was the winning the bidder for 1095 Ave. of Americas, the Chicago-based company closes the deal.

NEW YORK CITY-The financing package follows a $15-million land acquisition loan for the 1 E. 35th St. property. Commerce Bank provides both financing solutions.

NEW YORK CITY-The 500-million senior unsecured revolving credit facility can be expanded to $800 million. The three-year facility matures in September 2008.

NEW YORK CITY-Plans are in the works to establish a major Lower Manhattan retail corridor that will stretch from river to river, even as retail leasing continues to pick up in the rest of Manhattan, according to Ken Krasnow, executive managing director and head of Cushman & Wakefield's New York offices.

NEW YORK CITY-Plans are in the works to establish a major Lower Manhattan retail corridor what will stretch from river to river, even as retail leasing continues to pick up in the rest of Manhattan, according to Ken Krasnow, executive managing director and head of Cushman & Wakefield's New York offices.

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