SL Green, Ivanhoe Cambridge land $375M loan for 1745 B’way

SL Green Realty and Ivanhoe Cambridge refinanced their interest in a Midtown office tower at 1745 Broadway with a $375 million loan from Bank of China, following a decision by Penguin Random House to stay at the building. The partners had previously thought about selling their stake in the property, which totals 685,000 square feet across floors two through 25. It was expected to fetch north of $700 million. But when Penguin opted to re-up … [more]

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