RedSky buys Williamsburg development site from Thor, lands $222M refi of neighborhood portfolio

As Williamsburg braces itself for the 15-month L train shutdown, Brooklyn’s RedSky Capital is expanding its portfolio in the heart of the neighborhood. The Dumbo-based firm paid $32.25 million to buy a four-parcel development site at the corner of North 6th and Berry streets from Thor Equities, sources familiar with the sale told The Real Deal. RedSky simultaneously received $221.8 million from JP Morgan Chase to fund the acquisition and pay down existing debt on […]

from The Real Deal New York https://ift.tt/2OTvG8i