X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Waterton Associates LLC has bought two past-due loans amounting $150 million on a 271-unit apartment building in Brooklyn. The company purchased the notes from an affiliate of Archstone-Smith and iStar Financial Inc.

Waterton has reconstituted the loans on the project situated at 230 Livingston St. with the developer, Addison. In the transaction, the buyer was represented by Ben Friedman and George Kaplan of Chicago-based Melvin M. Kaplan Realty Inc. and by a New York brokerage. For the full story, go to Crain’s Chicago Business.


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

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.