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425 Park Ave Nabs $556M Construction Loan
News

425 Park Ave Nabs $556M Construction Loan

... by L&L Holding Co and GreenOak Real Estate at 425 Park Ave is getting a $556M construction loan, arranged by HFF ... ’ll be the first full-block office development built on Park Avenue in almost 50 years, Real Estate Weekly reports. The building ...

Jun 18, 2015
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L&L Holding Cos' 425 Park Ave., where Ken Griffin's Citadel is an anchor tenant, scored a $911M refinancing deal this week.
News

L&L Lands $911M Loan To Refinance Citadel-Anchored Park Avenue Tower

... a $911M debt package to the New York developer for 425 Park Ave., a 670K SF office tower completed in 2022, L ...

Apr 11, 2024
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BisnowTV Exclusive: L&L Holding Co.’s Robert Lapidus Talks 425 Park, Its Record-Setting Lease, And The Modernization Of Midtown (PART 2)
News

BisnowTV Exclusive: L&L Holding Co.’s Robert Lapidus Talks 425 Park, Its Record-Setting Lease, And The Modernization Of Midtown (PART 2)

Lisa Knee, partner at EisnerAmper, and Robert Lapidus, president & CIO at L&L Holding Co, discuss 425 Park Ave, the first full-block development on Manhattan's Park Avenue in nearly 50 years.

Mar 29, 2016
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Hedge Fund Agrees to Pay Record $300 Per SF in NYC (No, Seriously)
News

Hedge Fund Agrees to Pay Record $300 Per SF in NYC (No, Seriously)

425 Park Avenue (pictured) has a new city-record-breaking tenant, as hedge ... Time Warner Center, Park Avenue Tower, 1 Vanderbilt, 860 Washington Street and 432 Park Avenue--flirt with $200+/SF spaces. 425 Park is expected to open ...

Sep 15, 2015
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The office building at 2560 Huntington Ave. slated for redevelopment. The Parker at Huntington is also visible in the background.
News

Fairfax Developer Pivots From Office To 425 Multifamily Units, Citing Tough Market

... filed plans to build up to 425 units near the Huntington Metro station, ... will screen a garage podium from Huntington Avenue. Next door, the developer would ... s northern border, creating a “passive park opportunity.” The parcels neighbor another multifamily ...

Jul 20, 2022
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15 Things You Need to Know This Morning
News

15 Things You Need to Know This Morning

... THIS MORNING Hedge Fund Citadel Signs $300 PSF Lease for 425 Park Avenue Space Torkian Group Takes $105M Construction Loan for Koreatown Development ...

Sep 15, 2015
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REDUCING RISK; THE DEAL SHEET
News

REDUCING RISK; THE DEAL SHEET

... for a 73-unit co-op at 425 Park Avenue South (arranged by Edward Howe III).***GCP ... 19 units and eight stores on First Avenue (arranged by Matthew Classi); $4.5M ... on Third Avenue (arranged by Classi).***HFF arranged a $21M refinancing for Florham Park Plaza, a ...

Jun 14, 2011
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350 Park Avenue, owned by Vornado
News

Citadel Courted By Developers Of Planned Midtown Supertall As Anchor Tenant

... building a 1,450-foot office tower on Park Avenue in Manhattan, and they are eyeing a ... . history. The investment firm recently expanded at 425 Park, taking up 415K SF over 20 floors. ... of 120K SF prior to moving north to 425 Park, developed by L&L Holding Co. ...

Jun 08, 2022
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Citadel Eyes New 1.7M SF Manhattan Tower In Deal With Vornado, Rudin
News

Citadel Eyes New 1.7M SF Manhattan Tower In Deal With Vornado, Rudin

... looking to make an even bigger mark on Park Avenue. The founder of Citadel and Citadel Securities ... reports. Griffin is working to acquire 350 Park Ave., where Citadel already leases space, 40 ... 200K SF at L&L Holding Co.'s 425 Park Ave. in 2016, a deal that ...

Dec 12, 2022
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David Levinson says owners of older buildings need to renovate to stay competitive in the current market.
News

The Developer Behind Some Of Manhattan's Biggest Projects Plans First Miami Project In Wynwood

... . The assemblage, at the northeast corner of Northwest First Avenue and 29th Street, allows for 800K SF of new development ... David Levinson and Robert Lapidus, has developed major projects including 425 Park Ave., a 670K SF, full-block office in Midtown ...

Jun 24, 2020
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