Latest / Real Estate News Today | 2 Min News | The Daily News Now!
BXP’s $1.2B Madison Ave Tower | Real Estate News
BXP just landed a $1.2 billion construction loan for its massive 343 Madison Avenue office tower—right next to Grand Central—with Wells Fargo leading the pack and JPMorgan, BofA, and BNY Mellon in tow. Despite hurdles like slashing dividends by 30% and losing a major Norwegian investor, leasing is booming: a top insurance firm and a major law firm have signed huge deals, and two more tenants could push pre-leasing to 70% before completion. The 46-story tower opens in 2029, while BXP also eyes selling its ground lease at 7 Times Square for hundreds of millions. Listen in comfort:Get a discount…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.