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NEW YORK--( / ) August 04, 2017 -- Ceruzzi Properties (Ceruzzi) and Madison Realty Capital (MRC) announced the closing of a $300 million construction loan for completion of a major mixed-use development at 138 East 50th Street in the Midtown East neighborhood of Manhattan. MRC, an institutionally-backed real estate investment firm focused on real estate equity and debt investments in the middle markets, provided the loan for the project, which Ceruzzi is developing in partnership with SMI USA (SMI). The development consists of an 803-foot, 72-story tower with a facade designed by Pelli Clarke Pelli Architects, containing 124 luxury residential condominium units, 7,500 square feet of retail space at and below grade, and a 25-space parking garage.
“Madison Realty Capital was a pleasure to complete this transaction with,” said Lou Ceruzzi, Founder and President of Ceruzzi Properties. “The execution of the deal was smooth, efficient, and seamless. We are looking forward to our continued relationship with MRC and additional transactions as we keep an eye toward the future.”
“MRC was the ideal lending partner for this high-profile development, complementing the stellar project team we have assembled,” added Tom Tao, President of SMI.
“This transaction highlights MRC’s status as one of the very few single-source financing solution providers for top-tier sponsors like Ceruzzi Properties and their partners,” said Josh Zegen, Co-Founder and Managing Principal of MRC. “At a time when many developers have to pull together multiple capital sources in order to get deals done, we are offering one-stop shopping and a more efficient process. That is a compelling proposition for many of our clients, and we are often sought after as a lending partner for that reason.”
Construction is progressing rapidly at the site and the concrete superstructure has already reached the 40th floor, with topout expected this November. The condominiums are scheduled for completion in late 2018. Pelli Clarke Pelli Architects designed the facade, and SLCE Architects is the architect of record. AECOM Tishman serves as the general contractor.
Ceruzzi Properties plans to offer a mix of efficient one- to five-bedroom units, ranging from 777 square feet to 5,388 square feet, for a total of approximately 200,000 sellable square feet. Interior design by Champalimaud will be one element of the property’s overall high-end luxury environment. The building will include luxury amenities including an indoor pool and spa, fitness center, and shared work areas.
About Madison Realty Capital (MRC)
MRC is a New York-based real estate investment firm that pursues real estate equity and debt investments in the middle market. Founded in 2004, MRC has invested in approximately $6.0 billion of transactions in the multifamily, retail, office, industrial and hotel sectors.
About Ceruzzi Holdings LLC
Ceruzzi Holdings LLC is a New York City-based, full-service company, which develops, acquires and operates a diversified portfolio of mainly real estate properties. Ceruzzi leverages its 25+ year track record of acquisition, development and structuring to create unique opportunities that deliver outsize returns. Recent Ceruzzi projects in New York City include the acquisition of the majority position of land beneath the Lipstick Building and the development site located at 520 Fifth Avenue. The company’s real estate professionals specialize in numerous disciplines, including construction, entitlements, leasing, marketing, management, and finance.
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NEW YORK & HONG KONG--( / ) April 14, 2015 먹튀검증센터 NEWSimpson Thacher & Bartlett LLP announced today that Adam Goldberg has joined 먹튀중개 NEW 야구픽 Firm as Counsel in the Litigation Department, resident in the Hong Kong office. Mr. Goldberg, who is fluent in Mandarin, advises clients throughout Asia in a wide variety of disputes and investigations, including internal and government investigations and securities litigation. Mr. Goldberg also has substantial experience in complex business and intellectual property disputes, including international arbitration. In addition, he regularly 성인용품 NEW현금섯다사이트 WKBL multinational corporations in regulatory risk assessments, 챔스16강 designing and implementing effective anti-corruption and anti-money-laundering compliance K리그 programs, pre-transaction due diligence 현금섯다사이트 프로농구개막 and Chinese-language employee training.
“Our Asia Litigation Practice has 프로농구뉴스 an established record of helping our clients address the unique litigation, arbitration 현금섯다사이트 파워사다리분석사이트 and regulatory challenges 콘돔 “Ourby entities doing business in Asia,” said Paul Curnin, Co-Chair of the Firm’s Litigation 맥스벳 Department.
“We are very pleased that Adam 바나나몰 “Wejoining 파워볼수익내기 the Firm,” said 러브젤 “WeChen, leader of Simpson Thacher’s China Practice. “His considerable experience 엔트리파워볼분석법 handling high-stakes disputes and investigations, coupled with his language skills, 현금섯다사이트 스포츠토토결과 will significantly enhance the service we provide to our 현금섯다사이트 키노사다리조작 strong client base in Greater China.” David Sneider, Head of the Firm’s Asia Practice, added that “Adam’s background and insight will be valuable to our clients and will enhance our ability 현금섯다사이트 키노사다리ㅏ to serve the litigation needs of our clients throughout Asia.”
Prior to joining Simpson Thacher, Mr. 성인몰 Priorwas an attorney at two other leading law firms. He served as a law clerk to the Honorable Richard R. Clifton, United States Court of Appeals for the Ninth Circuit, in Honolulu, Hawaii. Mr. Goldberg 성인용품점 Priorhis J.D. from the 토토꽁머니환전사이트 현금섯다사이트 토토꽁머니환전사이트 UCLA 현금섯다사이트 토토꽁머니50000 School of Law and served as Editor-in-Chief of the UCLA 낙타눈썹 PriorReview. He earned his A.B., magna cum laude, from Brown University.
남성성인용품추천 Mr.현금섯다사이트 슈어맨삽니다 Goldberg has extensive 무료스포츠분석 현금섯다사이트 무료스포츠분석 knowledge of Asia and has 먹튀검증스포위키 lived in Hong Kong, the PRC and Taiwan.
Simpson Thacher’s 남성용성인용품 SimpsonLitigation Practice represents clients in 러브젤 high-stakes litigation, cross-border disputes, government and internal 현금섯다사이트 남성용성인용품 investigations, and other 단련크림 complex commercial 남자콘돔 SimpsonClients 현금섯다사이트 KBL예매 are advised by attorneys with 프로농구뉴스 extensive experience in Asia-related disputes, 단련크림 Simpsonmany who are 현금섯다사이트 키노사다리 fluent in Chinese, Japanese or Korean.
ABOUT 현금섯다사이트 섹스용품 SIMPSON 도깨비콘돔 ABOUT 현금섯다사이트 & 섹스젤 BARTLETT 현금섯다사이트 LLP
Simpson Thacher & 현금섯다사이트 롱러브 Bartlett LLP () is one of the world’s leading international law firms. The Firm was established in 1884 and has more than 850 lawyers. 돌출콘돔 Simpsonin New York with offices in 돌출형콘돔 SimpsonHong Kong, 성기링 Houston, London, Los Angeles, Palo Alto, Sao Paulo, Seoul, 현금섯다사이트 성생활용품 Tokyo and Washington, D.C., the Firm 러브링 Simpsoncoordinated legal advice 현금섯다사이트 파워사다리예측 and transactional capability to clients around the globe.Korea Newswire distributes your news across every media channels through the industry’s largest press release distribution network
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