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$350m loan for 590 Madison.


Sonnenblick Goldman has arranged the $350 million first mortgage loan on behalf of the State Teachers Retirement System of Ohio (STRS STRS State Teachers Retirement System
STRS Sir Thomas Rich's School (UK)
STRS Stimulated Thermal Rayleigh Scattering
STRS Supplier Test Report System
STRS Straight Talk Retirement System (software) 
 Ohio) for 590 Madison Ave. in Manhattan The financing was provided by Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. .

"At less than 30% loan-to-value for one of the premier office buildings in the country and a major state pension fund borrower, it is difficult to imagine a more secure loan," said Steven Kohn, president of Sonnenblick Goldman.

Alex Hernandez, vice president of Sonnenblick Goldman, said "The competition for this financing was fierce, and "the ultimate terms Terms in Ultimate Frisbee

Term Definition Reference
Aggro abbr. aggressive. Referring to poor spirited, overly aggressive play by an individual or team.
You must specify title = and url = when using .
 reflected that fact."

Formerly known as the IBM Building IBM Building can refer to one of the following:
  • IBM Building, Johannesburg
  • IBM Building, Seattle
, 590 Madison Ave. is one of Manhattan's trophy office buildings. Containing more than one million rentable square feet in its 42 stories, the building features 39 stories of office space located in the heart of the Plaza District, Midtown mid·town  
n.
A central portion of a city, between uptown and downtown.


midtown
Noun

US & Canad the centre of a town
 Manhattan's most prestigious neighborhood and at the epicenter of Manhattan's most upscale retail corridors.

STRS Ohio is one of the nation's premier retirement systems. With investment assets of approximately $72 billion, STRS Ohio is the 17th largest domestic pension fund in the country.
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Title Annotation:NEW JERSEY
Publication:Real Estate Weekly
Date:Jan 31, 2007
Words:183
Previous Article:$200m securitizations gives Kennedy more lending muscle.
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