Friday, 22 March 2019

Steiner sells majority stake in DoBro rental tower to JPMorgan fund

Steiner NYC has sold a majority stake in the Hub, its 55-story Downtown Brooklyn rental tower. The sale of the stake coincided with a $330 million refinancing of the property at 333 Schermerhorn Street, the borough’s tallest residential building, according to the developer. “Simultaneous to our closing, we took some money off the table and brought in the bluest of blue-chip institutions as a partner, which is a great outcome for everyone,” chairman Doug Steiner […]



source https://therealdeal.com/2019/03/22/steiner-sells-majority-stake-in-dobro-rental-tower-to-jpmorgan-fund/

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