CIT Lends $35M to William Macklowe to Build UES Medical Office Facility
CIT Bank has provided $35 million to the William Macklowe Company to start construction on a planned medical office property at 323 East 61st Street in Lenox Hill, according to records filed with the...
View ArticleSunTrust, BNY Mellon Lend $170M on DivcoWest’s Purchase of 540 Madison Avenue
DivcoWest Real Estate Investments has scored a $170 million loan from SunTrust Bank and BNY Mellon to help fund its $310 million purchase of 540 Madison Avenue from Boston Properties, according to city...
View ArticleBilly Macklowe Eyes Park Slope Key Food for Resi Project
Developer Billy Macklowe, who heads the eponymous William Macklowe Company, is making a bid to purchase Avery Hall Investments’ controversial development site at 120 Fifth Avenue in Park Slope,...
View ArticleBilly Macklowe Sells Interest in Upper East Side Medical Building to LaSalle
Billy Macklowe’s William Macklowe Company (WMC) has sold its interest in 323 East 61st Street to development partner LaSalle Investment Management, Commercial Observer has learned. The deal was...
View ArticleSunday Summary: Rate Hike Anxiety and Related’s Big Appetite
“We’re not even close” to being in a recession. So declared Moody’s economic prognosticator Mark Zandi earlier this month at the National Multifamily Housing Council’s 2022 fall meeting in the nation’s...
View ArticleSumitomo Mitsui Trust Bank Lends $143M on Billy Macklowe’s Park Slope Project
A joint venture between The William Macklowe Company and Senlac Ridge Partners has nabbed $142.9 million of construction financing to build a mixed-use development in Park Slope, Brooklyn. Sumitomo...
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Modern Medicine: How Fundamental Health Care Changes are Reshaping the...
Several months ago, I unearthed a clock radio from an old box of belongings and set it up in my bathroom so I could rock out to some tunes as I showered before work. At times, I was slightly amused by...
View ArticleM&T Lends $124M for William Macklowe’s Condo Project on Former Bowlmor Site
William Macklowe Company received a $124 million construction loan from M&T Bank for a luxury condominium development in Greenwich Village, Commercial Observer can first report. The proceeds from...
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FiDi’s Retail Problems
At 9:30 a.m., the moment the bell rings at the New York Stock Exchange, the free market system seems alive and well. Trade is good. Commodities are plentiful. Overpriced items are rebuffed—underpriced...
View ArticleWeill Cornell Expands Within Downtown’s First Medical Office Building
Cornell University’s medical school has inked a 55,000-square-foot deal at 156 William Street, Downtown’s first-ever medical office structure. Weill Cornell Medical College signed a 20-year lease for...
View ArticlePort Authority Expected to Move Its Medical Offices to FiDi
The Port Authority of New York & New Jersey will likely take 8,459 square feet in Lower Manhattan for medical offices, in what would be a second move for the agency within the last month....
View ArticleWilliam Macklowe On Building in Brooklyn and the Five-Day Workweek
Billy; William; you know, Harry’s son — whatever he goes by, chances are you’ve heard of William Macklowe. Especially if you live in Park Slope, Brooklyn. The younger Macklowe left his father’s firm...
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