Rudin Management closes $550M refi at
345 Park Avenue

Midtown East office tower is home to Blackstone, National Football League

New York /
Dec.December 24, 2018 03:45 PM

Bill Rudin and 345 Park Avenue

Bill Rudin’s Rudin Management refinanced the debt on 345 Park Avenue in a $550 million deal with Prudential Real Estate and the New York State Teachers Retirement System, records filed with the city Monday show.

The loan package for the office tower includes a new $179 million mortgage, and the deal replaces previous refinancings with Prudential in 2010 and 2014, filings show. Rudin did not respond to a request for comment.

The Rudin family built the 634-foot-tall 345 Park in the late 1960s. It’s now the headquarters for major companies like Blackstone Group, which increased its floor count at the address earlier this month, and the National Football League.


Related Articles

arrow_forward_ios
With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)
Real estate stocks push up this week as U.S.-China trade tensions ease
Real estate stocks push up this week as U.S.-China trade tensions ease
416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
From left: 909 Third Avenue, 79 Fifth Avenue, 240 West 37th Street and 27 East 62nd Street (VNO, Cercone Exterior Restoration, Google Maps)
These were the largest Manhattan real estate loans in April
These were the largest Manhattan real estate loans in April
C-PACE gives landlords and developers cheap financing in exchange for making energy efficient improvements. (Getty)
Landlords can now retroactively tap financing tool for energy improvements
Landlords can now retroactively tap financing tool for energy improvements
11 East 26th Street with Henry and Justin Elghanayan (Google Maps, Getty)
Rockrose investment values Nomad office building at $235M
Rockrose investment values Nomad office building at $235M
Jamie Dimon, Steve Roth, Donald Trump and 555 California St. (Trump, Getty)
Vornado lines up $1.2B refi of SF tower co-owned with Trump
Vornado lines up $1.2B refi of SF tower co-owned with Trump
Ron Perelman and 35-39 East 62nd Street (Getty, Google Maps)
Big discounts on sale of Perelman properties and loans
Big discounts on sale of Perelman properties and loans
Suit alleges investor Kamran Hakim, at left, planned to inject $40 million to help save 29th and Fifth tower project. At right, HFZ's Ziel Feldman. (Getty, HFZ)
EB-5 funds sue to stop foreclosure sale on failed HFZ tower project
EB-5 funds sue to stop foreclosure sale on failed HFZ tower project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...