Real Estate News

SL Green Completes $3 Billion Refinancing of One Vanderbilt Avenue

Largest non-portfolio Single Asset, Single Borrower CMBS securitization in history

NEW YORK, June 28, 2021 (GLOBE NEWSWIRE) -- SL Green Realty Corp (NYSE: SLG), Manhattan’s largest office landlord, today announced that it has closed a $3.0 billion 10-year, fixed-rate financing of One Vanderbilt Avenue, the skyline-defining tower in the heart of East Midtown, which is owned in a joint venture between SL Green, National Pension Service of Korea and Hines Interests, LP.

CTO Realty Growth Announces Contract to Sell the Remaining Daytona Beach Land Within Its Land Joint Venture

DAYTONA BEACH, Fla., June 24, 2021 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced the joint venture entity that holds the remaining Daytona Beach land portfolio of approximately 1,600 acres (the “Land Venture”) has entered into a binding contract with Timberline Acquisition Partners, an affiliate of Timberline Real Estate Partners (“Timberline”), for the sale of substantially all of its remaining land, including any land that was previously under contract, for $67.0 million (the “Land Venture Sale”).

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