Monday 1 October 2018

Israeli billionaire provides $53M cash infusion for NoMad resi tower

The Rockefeller Group and Mitsubishi Estate Company landed a $52.5 million preferred-equity investment from real estate and shipping mogul Eyal Ofer for their planned NoMad condominium tower. The developers plan to build a 46-story, 600-foot-tall, 123-unit tower at 30 East 29th Street that will span 170,000 square feet. Rockefeller bought the five adjacent parcels between Madison and Park Avenues for $98.7 million in 2017 and Mitsubishi took a 75 percent stake in the project, according […]



source https://therealdeal.com/2018/10/01/israeli-billionaire-provides-53m-cash-infusion-for-nomad-resi-tower/

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