*Eastern Union’s pricing reset triggers surge in owner demand for agency refinancings: Sponsored*
Owner and investor demand for agency refinancings of multi-family properties has surged in response to
Transfers
Prana Investments pays $16M to BlackRock Realty entity for multifamily in Morningside Heights
Prana Investments through the entity 185-187 Claremont Ave. LLC paid BlackRock Realty Advisors’s 185 Claremont
Brookfield pays $15M to Akerman, developer’s sixth recorded lease buyout at 666 Fifth Avenue
Brookfield Properties through the entity BSREP III Nero LLC paid Akerman LLP $15 million for
Buyer pays $6M to Donald Allen for 13-unit property in Midtown West
A buyer affiliated with Jung P. Chun through the entity 750 Ninth Avenue LLC paid
JHG Holdings and Adam Neumann borrow $75M against dev site in Chelsea
JHG Holdings and Adam Neumann through the entity 127 West 23rd Owner, LLC as borrower
Alexander Hajibay borrows $49M from New York Community for multifamily in Manhattan, Queens
Alexander Hajibay through the entity Leagem Partners LLC as borrower signed a loan agreement with
PRD Realty borrows $35M from Bank of America for commercial property in Garment District
PRD Realty through the entity 17-19 West 34th Street Holding Company, LLC as borrower signed
Lions Group and Soheil Khayyam borrow $19M from Popular Bank for new multifamily in Kips Bay
Lions Group and Soheil Khayyam through the entity Lexington Group II LLC as borrower signed
Lam Group obtains $15M credit line from Shanghai Commercial for unfinished FiDi hotel project
Lam Group through the entity Lam Pearl Street Hotel LLC as borrower signed a loan