Milbank, Paul Weiss Steer – $ 70 Million Real Estate Loan in Manhattan



Law360 (27 Aug 2021 5:02 pm ET) – Milbank LLP represented Ares Commercial Real Estate Management in connection with a loan of approximately US $ 69.8 million to Magnum Real Estate legal entity advised by Paul Weiss Rifkind Wharton & Garrison LLP for a mixed-use building in Manhattan, according to reports released in New York on Friday.

The loan from Ares Commercial Real Estate Management LLC is for two commercial condominiums and dozens of detached houses at 140 West St. and the borrower is a legal entity affiliated with Magnum Real Estate Group LLC.

The 32-story building, also known as the Verizon Building, is located north of the One World Trade Center, …

Be one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides you with the intelligence you need to remain an expert and beat the competition.

  • Access to data on cases in articles (numbers, documents, courts, nature of the claim, etc.)
  • Access to attached documents such as notes, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific topics of articles and cases, and much more!



Source link