JLL Capital Markets

Rendering of 28-90 Review Avenue - Courtesy of Innovo Property Group; KSS Architects

JLL Arranges $354M Total Capitalization for Industrial Project at 28-90 Review Avenue in Long Island City, Queens

7:30 am on July 21, 2023 By Sebastian Morris

Innovo Property Group, represented by JLL Capital Markets, has secured $354 million in financing to complete a new industrial development at 28-90 Review Avenue in Long Island City, Queens. Total capitalization includes multiple financial packages for acquisition, construction, and development costs provided by Axos Bank, Cerberus Capital Management, and Goldman Sachs Asset Management’s Urban Investment Group.

Preliminary rendering of 55 Willoughby Street in Downtown Brooklyn

Renderings Revealed for 38-Story Tower at 55 Willoughby Street in Downtown Brooklyn

7:30 am on June 14, 2023 By Sebastian Morris

Lonicera Partners and Rabina have revealed preliminary renderings of 55 Willoughby Street, a 38-story residential tower in Downtown Brooklyn. Designed by Colberg Architecture, the structure will span 268,000 square feet and yield 295 apartments, 3,500 square feet of retail space, and more than 12,000 square feet of amenity space for residences.

Exterior view of penthouse office suites at 520 West 20th Street - Courtesy of Elijah Equities

JLL Reveals Penthouse Office Suites at 520 West 20th Street in Chelsea, Manhattan

7:00 am on November 28, 2022 By Sebastian Morris

Elijah Equities and JLL have revealed a pair of duplex penthouse office suites at 520 West 20th Street in Manhattan, following a major renovation and expansion of the former industrial building. Located on the western edge of Chelsea, the 100,000-square-foot property was transformed by Morris Adjmi Architects to suit gallery and enterprise commercial tenants.

Rendering of 520 Fifth Avenue and the Midtown skyline

Rabina Closes on $540M Financing Package for 520 Fifth Avenue Supertall in Midtown, Manhattan

7:30 am on March 9, 2022 By Sebastian Morris

New York development firm Rabina has closed on a $540 million construction package to complete a new supertall tower at 520 Fifth Avenue. Designed by Kohn Pedersen Fox, the structure will top out at 1,000 feet and contain a collection of condominiums and associated amenity spaces, boutique office space, a ground-floor retail component, and public recreation space.

Rendering of Archer Towers - Courtesy of STUDIO V Architecture

Archer Towers Breaks Ground at 163-05 Archer Avenue in Jamaica, Queens

7:00 am on October 12, 2021 By Sebastian Morris

Construction has broken ground for Archer Towers, one of the tallest residential structures in Jamaica, Queens. Designed by Studio V Architecture and developed by BRP Companies, the 24-story development is located at 163-05 Archer Avenue and will include a mix of apartments, retail space, and parking.

Rendering of Archer Towers at 163-05 Archer Avenue (Photos courtesy of Studio V Architecture)

BRP Companies, JLL Partner to Finance Construction of Archer Towers in Jamaica, Queens

7:30 am on May 22, 2020 By Sebastian Morris

BRP Companies has selected JLL Capital Markets as its partner in a joint venture equity agreement to finance the construction of Archers Towers in Jamaica, Queens. The project is valued at $286 million and will yield 605 rental units and a mix of residential amenities. Located at 163-05 Archer Avenue, the development will top out at 24 stories and comprise a total of 540,000 square feet. The residential component will be divided into 424 market-rate apartments and 181 mixed-income units. At this time, the specific income requirements or restrictions for the mixed-income units has not been revealed.

Rendering of The Hudson Arts Building at 220 Eleventh Avenue - The Moinian Group / Studios Architecture

Moinian’s “Hudson Arts Building” Revealed at 220 Eleventh Avenue, in West Chelsea

8:00 am on February 14, 2020 By Sebastian Morris

Construction kicked off this week on the Hudson Arts Building, a new office development at 220 Eleventh Avenue in West Chelsea, Manhattan. Designed by Studios Architecture and developed by The Moinian Group, the project will occupy an entire city block between 25th and 26th Streets. According to JLL, the exclusive leasing agent for the property, the Hudson Arts Building is expected to welcome tenants by 2022, and the official groundbreaking was held yesterday.

JLL Announces $36.7M In Construction Financing for 128-130 West 23rd Street, in Chelsea, Manhattan

7:00 am on February 21, 2019 By Sebastian Morris

JLL Capital Markets recently announced the successful acquisition of a $36.7 million loan to facilitate the construction of a new, mixed-use condominium building in Manhattan. Located on the border of Flatiron and Chelsea, the building’s official address is 128-130 West 23rd Street, and the project is already under construction.

Rendering Revealed & Funding Secured for 70 Schermerhorn Street, Brooklyn Heights

7:30 am on February 26, 2018 By Andrew Nelson

A twelve-story condominium building has received funding for its imminent rise at 70 Schermerhorn Street, in Brooklyn Heights, Brooklyn. The announcement comes from JLL’s Capital Markets, who raised $42.1 million in joint-venture equity from a $512 million fund managed by The Davis Companies. The capital will be allocated for construction financing. Lonicera Partners and Orange Management are behind the project, and the news comes also comes with a rendering.

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