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

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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, …

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