30 E. 29th St./ Photo by Christopher Bride, PropertyShark 30 E. 29th St./ Photo by Christopher Bride, PropertyShark

NEW YORK CITY—Global Holdings Group has made a $52.5 million preferred equity investment in Rockefeller Group’s development at 30 E. 29th St. in Manhattan. The property which stands between Park and Madison avenues is one of the three buildings which Rockefeller Group acquired for approximately $98.7 million last year.

Rockefeller Group planned to raze the buildings to construct ground-up. In May 2017, at the time of the deal, a Rockefeller Group spokesman told GlobeSt.com that they were actively evaluating residential and office development opportunities throughout the city. He noted an increased demand for new product near Madison Square Park.

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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.

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