WeWork lands biggest Manhattan real estate loan in February

The top 10 Manhattan loans recorded in February totaled just over $1.2 billion, less than half recorded in January and the lowest total since March 2018. The top loan in February went towards WeWork’s $850 million purchase of its new headquarters at 424 Fifth Avenue. 1) WeBorrow – $389 million-plus After months of delays, WeWork Property Advisors closed on its $850 million acquisition of the Lord & Taylor flagship at 424 Fifth Avenue at the […]

source https://therealdeal.com/2019/03/12/wework-lands-biggest-manhattan-real-estate-loan-in-february/

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