NEW YORK CITY-Waterton Associates LLC has bought two past-dueloans amounting $150 million on a 271-unit apartment building inBrooklyn. The company purchased the notes from an affiliate ofArchstone-Smith and iStar Financial Inc.

Waterton has reconstituted the loans on the project situated at230 Livingston St. with the developer, Addison. In the transaction,the buyer was represented by Ben Friedman and George Kaplan ofChicago-based Melvin M. Kaplan Realty Inc. and by a New Yorkbrokerage. For the full story, go to Crain's Chicago Business.


GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.