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Bank of America

Bank of America Tower
New York, NY 10036
Website

Bank of America is the second largest bank in the United States by assets ($2.1 trillion in 2013) and one of the largest companies in the country, period, by revenue ($88.94 billion in 2013). As such, it is one of New York Citysand the worldsbiggest financers of real estate development and acquisition.

In 2010, it loaned Google $467 million to buy its East Coast headquarters at 111 Eighth Avenue. It has been the financial partner on major developments such as the office tower at 51 Astor Place and the condo-hotel spire One57 on West 57th Street. Bank of America also underwrites numerous private residential mortgages in the New York area.

It was chartered in San Francisco in 1904 as Bank of Italy. Through a series of mergers and acquisitions, its name changed to Bank of America and its headquarters landed by the late 1990s in Charlotte. The bank maintains its New York outpost in the Bank of America Tower at 1 Bryant Park.

Bank of Americas chairman is Charles Holliday and its president and CEO Brian Moynihan. -TA


04/10/17
...the project, including a $334 million construction loan from Bank of America and a $77 million mezzanine loan from Apollo. But a month later came another setback...

02/09/17
...a $640 million construction loan for the development from Bank of America Merrill Lynch and Wells Fargo in 2015.  -- Miriam Hall...

01/11/17
...million in 2014, and secured $200 million in funding from Bank of America for the project. The developer is aiming for a total sellout of $709 million, according...

01/04/17
...acquisition loan to acquire the church properties from Bank of America. That loan paid off $12.6 million of debt on the bed and breakfast. – E.B...

12/30/16
...million in 2014, and secured $200 million in financing from Bank of America the following year. The Robert A.M. Stern-designed building features a “wellness level” with...

12/13/16
...demolish to allow for the development of the Bank of America tower. The dispute ended with Durst’s $13 million purchase of the building in...

11/21/16
...growth,” he said during a conference hosted by Bank of America. Gray is just one of several real estate figures Trump is turning toward as...

11/15/16
...Gray said Tuesday at a conference hosted by Bank of America. “It does appear like we’re going to have lower taxes, less regulation and...

11/07/16
...the Galesi Group landed a $100 million loan from Bank of America to refinance Harlem River Yards, a 500,000-square-foot industrial complex in the South Bronx. The...

11/01/16
...it,” he said at a conference hosted by Bank of America Merrill Lynch. After the Tornado Although Roth often seems like a permanent fixture at...

10/28/16
...over $100 million so far this year in Manhattan. Bank of America led the biggest commitment, a $690 million loan to Related for its 30 Hudson Yards development...

10/19/16
...Reade, and the northeast, where there is a Bank of America branch and Verizon store...

10/14/16
...Or consider the 3 percent down program offered by Bank of America in partnership with Freddie Mac and Self-Help Ventures Fund, an affiliate of Self-Help Credit...

10/05/16
...Dubeck, the commercial real estate banking executive for Bank of America in New York, said, “these days, the domestic banks are not keen on new...

09/27/16
...Tuesday. The loan consolidates an existing mortgage from Bank of America and includes an additional $37.8 million. The 217,000-square-foot-building was built in 1925 and includes nearly 197,000 square...

09/23/16
...to the company from his current post at Bank of America, where he works as a vice president and mortgage loan officer. Along with another...

09/21/16
...should have gone to the property’s lenders, Bank of America and Ocwen Loan Services, the district attorney's office claims. The former high school track...

09/15/16
...at a global real estate conference hosted by Bank of America Merrill Lynch, was asked about how much time he committed to helping craft economic...

09/09/16
...by Charles S. Cohen. Arxis, founded by former Bank of America Merrill Lynch executives, will be taking two floors at the 400,000-square-foot office tower, a...

08/31/16
...declined by 5 percent in July, according to a Bank of America Merrill Lynch analysis earlier this month. Local governments in recent months have been tightening...

08/29/16
...at 30 Hudson Yards, a $690 million loan led by Bank of America closed prior to syndication, which is extraordinary -- banks will normally rope in lenders...

08/25/16
...brands such as Build-A-Bear, Men's Wearhouse, Perfumania and Bank of America have left, leaving the property with a slew of empty storefronts along the 34th...

08/24/16
...crash by Countrywide Financial Corp, now part of Bank of America. In 2011, Bank of America settled with the bond investors, agreeing to pay $8.5 billion to...

08/15/16
...banking and mortgages, including Wells Fargo Home Mortgage, Bank of America, PNC Mortgage and MGIC, the mortgage insurer. In all agreements, the accused companies denied...

08/11/16
...likes of the Chrysler Building, Empire State Building, Bank of America Tower and World Trade Center.  As for Brooklyn? Not so much. Although 12 of the...
Bank of America, Senior Mortgage Loan Officer
50 Rockefeller Plaza, 11th floor, New York, NY, (646) 556-3451
Donna Vitalone is a New York-area mortgage banker (NMLS ID: 466569). Since June...
  • Event Financing
  • Address 131 West 23rd Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 11,164
  • Price $ 65,000,000
  • Publication Date 01/01/2017
  • Event Date 11/17/2016
  • Party 1 Bank of America
  • Party 2 JHG Loan
notes
The company secured a loan for its bed and breakfast site.
  • Event Financing
  • Address Harlem River Yards
  • Neighborhood Bronx
  • Borough Bronx
  • Price $ 100,000,000
  • Publication Date 12/01/2016
  • Event Date 10/15/2016
  • Party 1 Bank of America
  • Party 2 Galesi Group
notes
The company secured a $100 million loan for the site.
  • Event Retail Leasing
  • Address 270 Seventh Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 3,500
notes
The bank signed a lease.
  • Event Retail Leasing
  • Address 270 Seventh Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 3,500
notes
The bank signed a lease.
  • Event Retail Leasing
  • Address 250 West 57th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 4,432
notes
The commercial banking chain signed a lease.
  • Event Financing
  • Address 108 Leonard Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 419,000
  • Price $ 77,000,000
notes
The company secured a $77 million loan.
  • Event Financing
  • Address 438 East 12th Street
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 165,000
  • Price $ 130,000,000
  • Publication Date 02/01/2016
  • Event Date 12/23/2015
  • Party 1 Steiner NYC
  • Party 2 Merrill Lynch, Bank of America
  • Party 2 Broker Brad Dubeck
notes
A $130 million construction loan was arranged for the82-unit luxury condominium project.
  • Event Financing
  • Address 28-02 Jackson Avenue
  • Neighborhood Long Island City
  • Borough Queens
  • Price $ 640,000,000
notes
Tishman Speyer and its joint-venture partners received a $640 million construction loan for three residential towers, which include 28-30 Jackson Avenue and 30-02 Queens Boulevard.
  • Event Financing
  • Address 70 Vestry Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 154,000
  • Price $ 200,000,000
notes
Related Companies secured $200 million in funding for its planned luxury condo development.
  • Event Office Leasing
  • Address 1133 Sixth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 115,000
  • Event Residential Sales
  • Building Name 35 West 54th Street
  • Address Unit 10, 35 West 54th Street
  • Unit 10
  • Neighborhood Plaza District
  • Borough Manhattan
  • Price $ 1,277,271
  • Publication Date 08/11/2015
  • Event Date 04/24/2015
  • Party 1 George Nelson As Auctioneer
  • Party 2 Bank Of America Na
  • Event Office Leasing
  • Address 50 Rockefeller Plaza
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 18,000
notes
The television magazine signed a sublease for the entire 14th floor.
  • Event Residential Sales
  • Building Name 14 East 75th Street
  • Address Unit 12D, 14 East 75th Street
  • Unit 12D
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Price $ 3,672,000
  • Publication Date 03/28/2012
  • Event Date 03/15/2012
  • Party 1 Estate Of Jack J. Dreyfus, Jr.; The Bank Of America, N.A., As Co-Executor; William E. Donovan, As Co-Executor
  • Party 2 Genatt, Arlene; Genatt, Stephen
  • Event Financing
  • Address 157 West 57th Street
  • Neighborhood Midtown West
  • Borough Manhattan
notes
A $700 million construction loan was provided for the One57 development, GlobeSt.com reported. The $1.4 billion project will have 95 luxury condos and a Park Hyatt hotel. 90-story mixed-use building.
  • Event Financing
  • Address Seventh Avenue and Greenwich Avenue
  • Neighborhood West Village
  • Borough Manhattan
  • Publication Date 11/01/2011
  • Event Date 09/22/2011
  • Party 1 Rudin family
  • Party 2 Bank of America, JPMorgan Chase, Bank of New York Mellon, M&T Bank
notes
The Rudin family obtained $525 million in construction financing for its $800 million redevelopment of the main campus of St. Vincent's Hospital, the Wall Street Journal reported. Plans call for luxury condos, townhomes, a medical facility and an elementary school. Former hospital/development site
  • Event Financing
  • Address 234 West 42nd Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Publication Date 01/01/2011
  • Event Date 11/22/2010
  • Party 1 Hilton Times Square
  • Party 1 Brokerage JLL
  • Party 1 Broker Matt Comfort, Jeffrey Davis
  • Party 2 Bank of America, Merrill Lynch
notes
A $92.5 million senior loan was secured to refinance an existing loan that was due to mature last month. The 10-year, fixed-rate loan was provided at an interest rate below 5 percent. 460-room hotel
  • Event Office Leasing
  • Address 14 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 15,635
  • Price per foot $ 40.00
notes
The bank inked a new five-year office lease on the 21st floor.
  • Event Financing
  • Address 460 West 54th Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Publication Date 10/01/2008
  • Event Date 08/22/2008
  • Party 1 Affiliates of Alchemy Properties and Jamestown
  • Party 1 Brokerage Wolf Haldenstein Adler Freeman and Herz, King and Spalding
  • Party 1 Broker Jeffrey Schwartz, A. Charles, J. Bartlett
  • Party 2 Bank of America, Helaba Bank
notes
A $66.6 million loan was provided to finance the construction of an apartment building with ground-floor retail. The developers plan to build a tower totaling 132,000 square feet, with 95 apartments. An offering plan has not been filed yet, but the developers reportedly expect to complete the project in spring 2010. Includes 447-453, 450 and 452. 3 development sites
  • Event Financing
  • Address 1480 Second Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Publication Date 10/01/2008
  • Event Date 08/22/2008
  • Party 1 Eastside 77 Associates
  • Party 1 Brokerage Wolf Haldenstein Adler Freeman and Herz, Goodwin Proctor
  • Party 1 Broker Jeffrey Schwartz, Lee Sherman
  • Party 2 Bank of America, PNC Bank
  • Party 2 Brokerage Schiff Hardin
  • Party 2 Broker Paul Mackey
notes
A $31.5 million construction loan was secured for the two lots, the future site of a 20-story apartment building. The joint venture plans a 53,000-square-foot tower with ground-level retail and 32 apartments above. The site previously had two four-story walk-up buildings, which have been demolished. In addition to the lots, the developers purchased air rights to the north and east to make way for the planned tower. Includes1480 Second Avenue. Development site
  • Event Financing
  • Address 255 East 74th Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
notes
A $181.45 million construction and mezzanine financing was arranged for the luxury condominium building. 92-unit apartment building.
  • Event Financing
  • Address 50 Murray Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 620,552
notes
A $225 million fee and leasehold financing was arranged for the property. The building has 505 luxury apartments and 50,500 square feet of commercial space. 21-story mixed-use building.
  • Event Financing
  • Address 150 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 250,000
notes
A $60 million financing with a 10-year fixed-rate was arranged for the fully occupied property. 23-story office building.
  • Event Retail Leasing
  • Address 131 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 4,400
notes
The bank inked a 15-year lease in the new six-story luxury apartment building.
  • Event Retail Leasing
  • Building Name Lincoln Building
  • Address 60 East 42nd Street
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 14,137
notes
The bank inked a long-term lease renewal for multi-level retail space.
  • Event Retail Leasing
  • Address 375 Canal Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 1,500
notes
The bank inked a 15-year lease for an ATM space.
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12/30/16
...million in 2014, and secured $200 million in financing from Bank of America the following year. The Robert A.M. Stern-designed building features a “wellness level” with...

10/28/16
...over $100 million so far this year in Manhattan. Bank of America led the biggest commitment, a $690 million loan to Related for its 30 Hudson Yards development...

01/19/16
...From left: 10 Hudson Yards, on the left, the Bank of America Tower and the GM Building UPDATED: 3:25 p.m., Jan 20. 2016: Related Companies and Oxford Properties...

12/31/15
...the service, according to a new report from Bank of America Merrill Lynch. Nationwide, Airbnb-rentable units make up roughly 2-4 percent of total hotel room...

12/27/15
...same thing is true for small businesses." But Bank of America CEO Brian Moynihan doesn’t agree with Stumpf. "If you see rates rise, you'll...

11/04/15
...the firm score a $350 million construction loan from Bank of America and others in 2013. A still from "Tortoise Beats Hare" (credit: Looney Tunes Pictures) On...

10/07/15
...the developers finally secured a construction loan from Bank of America in 2013. The 145-unit tower is scheduled to open next year, and has 142 apartments under...

...the Oklahoma-based Anderson, McCoy & Orta, which represented Bank of America in its issuance of a $1.4 billion refinancing loan for the MetLife Building, the 58-story...

...space, including the German lender Deutsche Bank and Bank of America. The largest deal was a $1.59 billion bond offering to refinance loans on 3 World Trade...

...million construction loan from a syndicate led by Bank of America. In hindsight, the financing deal seems like the end of an era. In the...

...following the expiration of a long-term lease with Bank of America Merrill Lynch, to a stunning 3.1 million square feet. Meanwhile, as mentioned above, 1 Chase Manhattan...

...of much larger rivals like Deutsche Bank and Bank of America. According to The Real Deal’s first-ever ranking of commercial mortgages, topping the list...

...district, packed with big national firms such as Bank of America and Time Warner, saw small improvements — just as Manhattan did overall. The asking rent...

...s Brookfield Place (formerly World Financial Center), where Bank of America’s lease ends in October. Meanwhile, landlords like SL Green Realty are laying out...

...amp;T, Verizon, Sleepy’s, TD Bank and Bank of America — are concentrated on the portion of Canal from Centre to Broadway. Those stores, not...

...rd Street. The space was formerly occupied by Bank of America, a spokesperson for the lender said. There was no asking rent provided. Overall, asking...

...what about in 2012? Several million square feet of Bank of America space at World Financial Center is expected to officially hit the market this year...

...for bankruptcy, financial institutions like MetLife, Citigroup and Bank of America dumped more than 1 million square feet of this so-called sublease space on the market...

...is losing a big tenant in Nomura. And, Bank of America announced that it would keep just a fraction of floors in Brookfield Properties' World...

...Lehman Brothers, the sale of Merrill Lynch to Bank of America and the government takeover of American International Group should create another 3 to 4 million square...

...tower at 959 Eighth Avenue; One Bryant Park, for Bank of America; and 505 Fifth Avenue. But even this nearly 4.8 million square feet of higher-end space may...

...filled with blue-chip companies: Chanel, MBNA America, Cendant, Bank of America, Kohlberg Kravis Roberts, Apollo Real Estate and others. Avon, one of the building's banner...

...a billion-dollar credit card company since acquired by Bank of America, reportedly purchased Amagansett Square, a group of stores on Main Street. He already owns...

...partners agreed to buy half of the landmark Bank of America Center for $400 million last month. The Werner group paid about $444 per square foot for...

...percent from $427,000 in May of last year. Commercial Bank of America may sell its 50 percent share of the mammoth Bank of America Center, the premier...

ANHD
...Lending from the four major banks — Chase, Citibank, Bank of America and Wells Fargo — is steadily declining. The banks combined to provide 45 percent of loans...
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