- Vornado Realty Trust, Rudin and Ken Griffin secured a $3.3 billion construction loan for a 66-story office tower on Park Avenue in Manhattan.
- Wells Fargo and JPMorgan Chase led the group of lenders providing the financing.
- Citadel executed a lease for more than 1 million square feet of space in the building.
- The project's future had been clouded earlier this year after New York Mayor Zohran Mamdani provoked Griffin's ire.
Quotes
“The developers tapped a group of lenders led by Wells Fargo & Co. and JPMorgan Chase & Co. for the financing”
“Citadel executed a lease for more than 1 million square feet of space in the building”