NEW YORK, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that it has originated a $133 million mortgage loan to an affiliate of Marx Development Group for the completion of a 51-story, 379-key full-service luxury hotel located at 450 Eleventh Avenue in the Hudson Yards neighborhood of Manhattan.