JPMorgan said to fund luxury-condo tower at One Wall Street

John Ralston

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Sizing up commercial real estate’s lending giants. loan to fund his 72-story luxury condo tower at 138 east 50th street. The structure already stood several stories tall, and Ceruzzi needed.

(Bloomberg) — JPMorgan Chase & Co. has agreed to provide Harry Macklowe with an $850 million loan to construct a luxury-condo tower at New York’s One Wall Street, enabling the developer to proceed with the conversion of a landmark office building even as the city’s high-end residential market slows.

Lender on 1 Wall, Central Park Tower is aggressively going after market share By Rich Bockmann From left: Rendering of Central Park Tower, One Wall Street, Gary Barnett, Jamie Dimon and harry macklowe (credit: getty images) With its competitors wary of the high-stakes construction market, JPMorgan sees an opportunity to.

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Berkshire Hathaway JV Berkadia buys Central Park Capital Partners berkadia acquires central park capital partners, launches berkadia’s structured capital group mar 2019 berkadia, JEFFERIES AND RIVERSIDE CAPITAL SECURE OVER $12.6 MILLION IN FINANCING FOR MULTIFAMILY PROPERTY IN CALIFORNIA

A big change for a Lower Manhattan landmark is one step closer to becoming a reality. On Tuesday, the Landmarks Preservation Commission approved modifications to 1 Wall Street, paving the way for its conversion from bank headquarters to residential condominiums with ground-floor retail.