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Bank of America

Bank of America Tower
New York, NY 10036
Website
BANK OF AMERICA

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

Donna Vitalone
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...
For more info, click here
  • Event Financing
  • Address 204 West 31st Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 23,110
  • Price $ 20,000,000
  • Publication Date 12/27/2019
  • Event Date 12/18/2019
  • Party 1 Pacific Oak Capital
  • Party 2 Bank of America
notes
The lender issued a loan of $20 million for the Penn Plaza property.
For more info, click here
  • Event Financing
  • Address 30 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Price $ 400,000,000
  • Publication Date 12/27/2019
  • Event Date 12/16/2019
  • Party 1 Related Companies
  • Party 2 Bank of America
notes
The lender issued a loan of $400 million for the Hudson Yards property.
For more info, click here
  • Event Financing
  • Address 1108 Washington Avenue
  • Neighborhood Morrisania
  • Borough Bronx
  • Price $ 15,000,000
  • Publication Date 12/13/2019
  • Event Date 12/11/2019
  • Party 1 Pillar Property Management
  • Party 2 Bank of America
notes
The lender issued a loan of $15 million for the Morrisania portfolio.
For more info, click here
  • Event Financing
  • Address 926 49th Street
  • Neighborhood Kensington
  • Borough Brooklyn
  • Price $ 18,000,000
  • Publication Date 11/29/2019
  • Event Date 11/26/2019
  • Party 1 Maimonides Medical Center
  • Party 2 Bank of America
notes
The owner secured a loan of $18 million for the Kensington portfolio.
For more info, click here
  • Event Financing
  • Address 127 West 25th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Price $ 61,000,000
  • Publication Date 11/01/2019
  • Event Date 10/25/2019
  • Party 1 Foremost Real Estate
  • Party 1 Brokerage FBRE Capital
  • Party 2 Bank of America
notes
The lender issued a loan of $61 million for the Chelsea property.
For more info, click here
  • Event Financing
  • Address 28-16 Jackson Avenue
  • Neighborhood Long Island City
  • Borough Queens
  • Price $ 1,000,000,000
  • Publication Date 09/27/2019
  • Event Date 09/27/2019
  • Party 1 Tishman Speyer
  • Party 1 Brokerage JLL
  • Party 1 Broker Michael Tepedino, Michael Gigliotti, Geoff Goldstein
  • Party 2 Bank of America, Wells Fargo
notes
The lender issued a loan of $1000 million for the Long Island City property.
For more info, click here
  • Event Financing
  • Address 890 Garrison Avenue
  • Neighborhood Hunts Point
  • Borough Bronx
  • Square feet 405,000
  • Price $ 93,000,000
  • Publication Date 09/06/2019
  • Event Date 08/31/2019
  • Party 1 Safehold
  • Party 2 Bank of America
notes
The owner secured a loan of $93 million for the Hunts Point property.
For more info, click here
  • Event Financing
  • Address 1 Bryant Park
  • Neighborhood Times Square
  • Borough Manhattan
  • Price $ 1,600,000,000
  • Amount Price 1600000000
  • Publication Date 08/02/2019
  • Event Date 07/31/2019
  • Party 1 Durst Organization
  • Party 2 Bank of America
notes
The owner secured a loan of $1.6 billion for the Times Square property.
For more info, click here
  • Event Retail Leasing
  • Address 7035 Austin Street
  • Neighborhood Forest Hills
  • Borough Queens
  • Square feet 1,700
notes
The restaurant inked a lease for the Forest Hills space.
For more info, click here
  • Event Financing
  • Address 1 Pierrepont Plaza
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 744,000
  • Price $ 127,950,000
notes
The owner secured a loan of $127.95 million for the Downtown Brooklyn property.
For more info, click here
  • Event Financing
  • Address 242 West 41st Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Price $ 635,000,000
notes
The lender issued a loan of $635 million for the Times Square property.
For more info, click here
  • Event Financing
  • Address 520 Prospect Place
  • Neighborhood Crown Heights
  • Borough Brooklyn
  • Square feet 118,200
  • Price $ 61,400,000
  • Publication Date 10/29/2018
  • Event Date 10/22/2018
  • Party 1 Cassena Care
  • Party 2 Bank of America
notes
The lender issued a loan of $61.4 million for the Crown Heights property.
For more info, click here
  • Event Financing
  • Address 132 West 47th Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 30,375
  • Price $ 33,000,000
  • Publication Date 10/08/2018
  • Event Date 10/05/2018
  • Party 1 Impulsive Group
  • Party 2 Bank of America
notes
The lender issued a loan of $33 million for the Times Square property.
For more info, click here
  • Event Financing
  • Address 101 Park Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 1,088,389
  • Price $ 365,000,000
  • Publication Date 08/13/2018
  • Event Date 08/09/2018
  • Party 1 HJ Kalikow
  • Party 2 Bank of America
notes
The owner secured a loan of $365 million for the Midtown property.
For more info, click here
  • Event Financing
  • Address 685 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 101,000
  • Price $ 325,000,000
notes
The owners secured a loan of $325 million for the Plaza District property.
For more info, click here
  • Event Financing
  • Address 3514 Surf Avenue
  • Neighborhood Coney Island
  • Borough Brooklyn
  • Square feet 432,000
  • Price $ 130,000,000
  • Publication Date 06/18/2018
  • Event Date 06/18/2018
  • Party 1 Red Apple Ground
  • Party 2 Bank of America
notes
The owner secured a loan of $130 million for its Coney Island project.
For more info, click here
  • Event Office Leasing
  • Address 1100 Sixth Avenue
  • Neighborhood Diamond DIstrict
  • Borough Manhattan
  • Square feet 386,000
notes
The financial firm inked a lease for the entire Diamond District building.
For more info, click here
  • Event Financing
  • Address 123-131 West 23rd Street, 116-120 West 24th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Price $ 65,000,000
  • Publication Date 11/13/2017
  • Event Date 11/08/2017
  • Party 1 JHG Holdings
  • Party 2 Bank of America
notes
The bank took over a $65 million loan for the Chelsea assemblage.
For more info, click here
  • Event Financing
  • Address 400 Park Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 260,000
  • Price $ 51,000,000
notes
The real estate firm refinanced its leasehold position with a $51 million loan.
For more info, click here
  • Event Retail Leasing
  • Address 925 Hunts Point Avenue
  • Neighborhood Longwood
  • Borough Bronx
  • Square feet 214
notes
The bank inked a lease.
For more info, click here
  • Event Financing
  • Address 180 Myrtle Avenue
  • Neighborhood Fort Greene
  • Borough Brooklyn
  • Price $ 90,000,000
  • Publication Date 10/01/2017
  • Event Date 08/25/2017
  • Party 1 Red Apple Real Estate
  • Party 2 Bank of America
notes
The real estate firm acquired a loan for $90 million.
For more info, click here
  • Event Financing
  • Address 2501 Grand Concourse
  • Neighborhood Fordham
  • Borough Bronx
  • Square feet 264,720
  • Price $ 52,000,000
notes
The Midtown-based company acquired a loan.
For more info, click here
  • Event Financing
  • Address 378 Schermerhorn
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 9,879
  • Price $ 25,000,000
notes
The buyer acquired a loan.
For more info, click here
  • Event Financing
  • Address 437 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 836,660
  • Price $ 145,000,000
notes
The organization refinanced its loan
For more info, click here
  • Event Financing
  • Address 437 Madison Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 836,660
  • Price $ 145,000,000
  • Price per foot $ 173.00
notes
The organization secured a $145 million refinance for the 38-story office tower, which consolidates a new $40 million mortgage and previous $105 million in debt that had been lent by Apple Bank.
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642 Gateway Drive
Brooklyn, 11208
Bank Of America, BANK OF AMERICA - GATEWAY
642 Gateway Drive is a 2,811 square foot building in the East New...

These were the top 10 outer borough loans in June
07/27/2018
The top loan last month was for $130 million from Bank of America to Red Apple Group for the company’s Ocean Dreams project in Coney Island, followed by a $117.5 million loan for the Azure project in Downtown Brooklyn from All Year Management and Spencer Equity...

The year of the Manhattan mega lease
04/01/2018
For example, in addition to brokering the News Corp and Fox leases, CBRE also represented Bank of America on 700,000 square feet over three deals â€' two in Midtown and one in Lower Manhattan...

Sizing up commercial real estate’s lending giants
01/01/2018
Brad Dubeck, who heads Bank of America’s commercial real estate lending team in New York and New Jersey, said there’s been a “disconnect” between sellers looking to cash in and cautious buyers unwilling to make huge bids...

Another residential loan wave swells in NYC
10/01/2017
“We’re very bullish on mortgages,” said Bob Donovan, a senior vice president in Bank of America’s home mortgage division...

The 10 most valuable Manhattan condo filings accepted in 2016
12/30/2016
Clockwise from left: 161 Maiden Lane, 15 Hudson Yards, 70 Vestry Street, 460 West 42nd Street and 90 Morton Street UPDATED, 2:00 p.m., Jan. 3: What Clockwise from left: 161 Maiden Lane, 15 Hudson Yards, 70 Vestry Street, 460 West 42nd Street and 90 Morton Street UPDATED, 2:00 p.m., Jan. 3: What...

Scorecard: Deutsche Bank is lending big league to Manhattan's top landlords
10/28/2016
Bank of America led the biggest commitment, a $690 million loan to Related for its 30 Hudson Yards development project...

15 NYC real estate properties assessed at over $1B
01/19/2016
In total, 15 city properties crossed the $1 billion threshold this year, including the Bank of America Tower at One Bryant Park; Boston Properties, Safra Group and Zhang Xin’s GM Building; and Stuyvesant Town, recently purchased for $5.3 billion by the Blackstone Group and Ivanhoe Cambridge, along with city landmarks like John F...

Airbnb vs. NYC hotels: Here's the breakdown
12/31/2015
Airbnb units as a percentage of total hotel supply in several U.S. cities (percentages on the left axis, unit totals on the right axis) Airbnb’s Airbnb units as a percentage of total hotel supply in several U.S. cities (percentages on the left axis, unit totals on the right axis) Airbnb’s...

A big change could be about to come to the housing market
12/27/2015
Wikimedia Commons The Federal Reserve has finally lifted interest rates from 0% and after nine years without a rate hike. The potential ramifications of the policy Wikimedia Commons The Federal Reserve has finally lifted interest rates from 0% and after nine years without a rate hike. The potential ramifications of the policy...

Development hell: Here are NYC's most-delayed condo projects
11/04/2015
Alexico Group brought on Hines to co-develop 56 Leonard and help the firm score a $350 million construction loan from Bank of America and others in 2013...

The NYC developments with the most units under contract
10/07/2015
Alexico Group’s 56 Leonard Street had its offering plan declared effective a month earlier, in January 2014, and it has also sold almost all of its units. Work on the tower began in 2007, but was halted for several years in the aftermath of the financial crisis until the developers finally secured a construction loan from Bank of America in 2013...

The Closers
09/01/2015
The biggest of the bunch involved 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 office tower, located at 200 Park Avenue, co-owned by Tishman Speyer and the Irvine Company...

CMBS borrowing up sharply
08/01/2015
The banks and originators were the typical players in the commercial real estate space, including the German lender Deutsche Bank and Bank of America...

Foreign financiers behind the boom
06/01/2015
From left: Michael Shvo and Stephen Roth When Gary Barnett’s Extell Development began building One57 in 2011, he secured a $700 million construction loan from From left: Michael Shvo and Stephen Roth When Gary Barnett’s Extell Development began building One57 in 2011, he secured a $700 million construction loan from...

Downtown gets crop of fresh spaces
10/01/2014
That deal brought the total leasing since late 2013 at the 8.5-million-square-foot Brookfield Place complex, following the expiration of a long-term lease with Bank of America Merrill Lynch, to a stunning 3.1 million square feet...

Local players join big banks on top of lending heap
02/01/2014
Brooklyn had the second-highest total dollar volume for mega-loans, with $1.4 billion, including a $465 million loan provided by Bank of America to Lend Lease and InterContinental Hotels Group, for a rehabilitation of hotels at the U.S...

No optimism in office leasing
06/03/2013
The Durst Organization, owner of the 26-story skyscraper built in 1989, listed space on floors 17 through 26 totaling 209,176 square feet, CoStar figures showed. The chunk had been leased to Bank of America, which downsized last year in a renewal...

Little hope for spring season
03/01/2013
During an earnings call last month, Brookfield CEO Dennis Friedrich said tenants have signed letters of intent (indicating a late stage in the lease negotiation process) to take some 1.5 million square feet in the company’s Brookfield Place (formerly World Financial Center), where Bank of America’s lease ends in October...

Retail landlords cash in on Canal Street
07/01/2012
The national tenants that are currently on the street â€' McDonalds, Burger King, Starbucks, AT&T, Verizon, Sleepy’s, TD Bank and Bank of America â€' are concentrated on the portion of Canal from Centre to Broadway...

Office leasing drought breaks
05/01/2012
Building owner Vornado Realty Trust listed two entire floors last month, totaling 188,814 square feet, at 100 West 33rd Street. The space was formerly occupied by Bank of America, a spokesperson for the lender said...

No big bang expected to ring in start of 2012
12/30/2011
The Manhattan office leasing market started 2011 with a bang of big leasing deals, driving down availability rates significantly. It's not expected to perform quiteThe Manhattan office leasing market started 2011 with a bang of big leasing deals, driving down availability rates significantly. It's not expected to perform quite...

Sublease space creeps back onto market
10/03/2011
Just weeks after Lehman Brothers Holdings filed 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...

Downtown's double blow
06/30/2011
But Downtown, still the weakest Manhattan market, was hit with negative news on two fronts late last month, ending a string of positive developments. Indeed, the Downtown 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 Financial Center that it currently leases...

GM Building takes lead in commercial rents
11/02/2007
9 West 57th is also filled with blue-chip companies: Chanel, MBNA America, Cendant, Bank of America, Kohlberg Kravis Roberts, Apollo Real Estate and others...

Commercial sales grow on Long Island's East End
10/19/2007
Even though it's the off-season on Long Island's East End, the Hamptons commercial real estate market is experiencing a burst of activity. One factor in thisEven though it's the off-season on Long Island's East End, the Hamptons commercial real estate market is experiencing a burst of activity. One factor in this...

NYC home lending: Association for Neighborhood and Housing Development
...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...
642 Gateway Drive
Brooklyn, 11208
Bank Of America, BANK OF AMERICA - GATEWAY
642 Gateway Drive is a 2,811 square foot building in the East New...