$125m financing for Salmon Tower.Keith Braddish, of L.J. Melody & Company's New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. office, the real estate banking arm of CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. , has arranged fixed-rate financing for a Class A property located at the northwest corner of Fifth Avenue and 42nd Street in New York City, NY. 500 Fifth Avenue, also known as The Salmon Tower, is a 646,350 square foot office tower and one of the classic skyscrapers of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City's Art Deco art deco (ärt dĕkō`; är dākō`, ärt) or art moderne (är môdĕrn`, ärt) period. Shreve, Lamb & Harmon--the architects of the Empire State Building--designed the tower in the 1930's. The Tower, built as the Empire State Building's immediate precursor, shares the same recessed tower facade theme. This 60-story tower offers unobstructed southerly views of Bryant Park, the New York City Public Library, as well the Manhattan skyline, both Midtown and Downtown. Tenants such as W.W. Norton, Organization Resources, Royal Abstract Company, Nat Sherman, and the 500 Fifth Avenue Watch Company occupy this 95 percent leased property. New York Life Insurance Company The New York Life Insurance Company (NYLIC) is the largest mutual life-insurance company in the United States, and one of the largest life insurers in the world.[3] provided the funding on behalf of the borrower, a private client advised by L&B Realty Advisors of Dallas, Texas. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion