Brooklyn Tower Changes Hands
Commercial Observer
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The massive Brooklyn Tower cleared up its mezz problem. The 74-story property looming over King's County changed hands with mezzanine lender Silverstein Capital Partners taking control in a $672 million deal. Across the river, the Kushner Companies secured a massive $295 million construction loan for its 1 Journal Square project in Jersey City, N.J.
— Tom Acitelli, Deputy Editor
Kushner Scores $295M Construction Loan for 1 Journal Square
Kushner Companies just landed a massive $295 million construction loan to fund the second phase of its 1 Journal Square project in Jersey City, N.J., sources close to the deal told Commercial Observer.
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Silverstein Gets Control of Brooklyn Tower From Michael Stern in $672M Deal
JDS Development founder and CEO Michael Stern finally loosened his grasp on the soaring 74-story Brooklyn Tower.
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