(Read more on the multifamily market and moreon the debt and equitymarkets.)
NEW YORK CITY-Locally based Meridian Capital Group LLC arrangedfinancing on behalf of their client, Lalezarian Properties, in theamount of $61 million for the acquisition of a luxury rentalbuilding, GlobeSt.com has learned. The building, sold by locallybased Rockrose Development Corp., has both commercial space andparking, and is located at 15 Cliff St. in the FinancialDistrict.
Meridian was unable to disclose the identity of the lender atthis time. Charles Grussgott and Abe Hirsch of Meridian's New YorkCity office negotiated on behalf of Lalezarian Properties to securethis loan.
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