Photo: Kai Dörner / Unsplash. Manhattan city context; not the proposed 350 Park Avenue tower. The office market may be split, but at the very top, money is still flowing. Ken Griffin, Vornado Realty Trust and Rudin have closed their joint venture agreement and a $3.3 billion construction loan for 350 Park Avenue, a 66-story office tower planned for Midtown Manhattan, according to The Real Deal, Commercial Observer and New York YIMBY. New York YIMBY reported the loan may be…
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Ken Griffin’s Park Avenue Tower Just Closed a $3.3 Billion Loan. Banks Are Still Betting on the Best Office Buildings.
Ken Griffin, Vornado and Rudin close a $3.3 billion loan for 350 Park Avenue. Why trophy office buildings can still attract major financing in a split market.
