NEW YORK CITY—A pair of financings has taken place alongBroadway.
RXR Realty secured $200 million in acquisition financing for 61Broadway, a 786,975-square-foot office building Downtown, whileInvesco Real Estate locked up funds to buy 1370 Broadway. CBRE, thebroker on the latter deal, declined to reveal the amount of theloan taken out for the building, but Real Capital Analytics statesthe price of the office tower was $186 million.
For the Lower Manhattan property, HSBC provided the non-recourseloan, in which $185 million was funded at closing with anadditional $15 million in proceeds for future capital expendituresand leasing commissions to be drawn down at RXR's option. JLLmanaging director Kelly Gaines and SVP Brett Rosenberg led the teamon the transaction.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
