Developer plans condos in Tribeca

A locally-based developer has acquired 137-141 Duane Street in Tribeca and will transform it immediately from a 74,000 square-foot rental building into a condominium complex. The also locally-based Multi Capital Group arranged and closed an 18-month loan facility for $32 million in connection with their client’s purchase of the property, also known as 92 Thomas Street. more [Globest.com]