« Bowing to Change | Main | Marty’s goal: Hockey in Brooklyn »
January 31, 2012
Ratner’s parent company unveils $300M in NYC property financings
Company closes loans on Queens Place, Nine Metrotech
The Real Deal
by Katherine Clarke
And we thought lenders had learned their lessons...
 |
Forest City Ratner’s Cleveland-based parent company Forest City Enterprises completed more than $300 million in property financings in the quarter ending Jan. 31, 2012, including two worth a combined $163 million in New York City, it announced today.
The company closed a 10-year, $87 million loan for Queens Place, a 455,000-square-foot, five-level retail center on Queens Boulevard. It also purchased the existing $75 million loan at Nine Metrotech, a 317,000-square-foot office building in the MetroTech Center office campus in downtown Brooklyn, and then closed a new 10-year, $63 million loan for the same property.
Posted by eric at January 31, 2012 10:27 AM