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.
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