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“WBG has been forced to pay rent for a first-class property fit to serve as a law office,” the complaint states, “and yet has not been provided with such a property.”
The changes are minor, Citi’s attorney stated, but will enable the bank to cash out of the funds by selling them on the secondary market.
GSMS 2014-GC24 Corporate Drive LLC was identified as the new owner and having an address in care of LNR Partners LLC in Miami Beach.
The portfolio consists of Cross Westchester Executive Park, Mid-Westchester Executive Park and South Westchester Executive Park in Westchester, and Stamford Executive Park in Connecticut.
Avison Young’s New York Capital Markets group announced it has arranged a $120.3 million loan for the acquisition and redevelopment of the Westchester Financial Center near the White Plains train station.
To a crowd of about 230 at the C.V. Rich Mansion in White Plains, the panel of developers discussed trends pushing young professionals to Westchester and Fairfield and the challenges in meeting that demand and creating the type of communities people want to live in.
Ginsburg Development Cos. has teamed up with Robert Martin Co. on an $83 million deal to acquire Westchester Financial Center, two office buildings comprising about 570,000 square feet in downtown White Plains. Ginsburg will redevelop the property with a mix of office, retail and residential space.
A panel of landlords and developers at the annual BOMA luncheon said 2017 beat projections for the local commercial real estate market, but cautioned about the year ahead.
Robert Martin Co. floated ideas for possible changes to 555 White Plains Road, the five-story building the company acquired earlier this year.
Two long-time forces in Westchester’s real estate industry, Robert Martin Co. and Friedland Realty Advisors , this month announced a new business relationship that...