1450 Broadway

NEW YORK CITY—The Zar Group received a $210 loan from GoldmanSachs to refinance its building located at 1450 Broadway, betweenW. 40th and W. 41st streets, in the center of Times Square.

The five-year loan offers full-term interest-only payments.

1450 Broadway is a 42-story, 415,000 square-foot office andretail property with signature tiered floor architecture, including16 tower floors. The Zar Group renovated the space adding a Moed deArmas-designed lobby, new elevators, mechanical systems, key cardbuilding security, a new tenant-controlled HVAC system andrefurbished restrooms.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.