Monday , 29 May 2017
Breaking News

Multi-Family Update

SL Green Realty refinanced 919 Third Avenue, which it owns in a joint venture partnership with New York State Teachers Retirement System. The new 12-year, $500 million mortgage, was originated jointly by Metropolitan Life Insurance Company and Pacific Life Insurance. The 1.4 million sf, 47-story building is located on Third Avenue in NY.

The 30-unit Loma Apartments in Los Angeles were sold for $1,590,000 or $53,000 a aunit or $90.54 psf. Brent Sprenkle of Hendricks & Partners handled the sale.

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