Fortis scores $300M for LICH redevelopment

Fortis Property Group  secured a $297 million construction loan for its development at the site of the former Long Island College Hospital in Cobble Hill. Madison Realty Capital is the lender, Commercial Observer reported. The loan will be used to complete construction on the three residential buildings at 350 Hick Street, 95 Pacific Street and[…]

Closings can begin at Zeckendorf’s 520 Park

Closings can now begin at Zeckendorf Development’s 520 Park Avenue, with the New York Attorney General declaring the building’s offering plan effective. Zeckendorf is shooting for a $1.2 billion sellout at the 34-unit building, according to the AG’s real estate finance bureau. The Robert A.M. Stern-designed condo has a $130 million penthouse that would be one[…]