Shimizu Realty Development has entered the New York market, scooping up the United Nations-leased Albano building in Midtown East for $152 million, the firm announced. The buyer, a subsidiary of Tokyo-based construction giant Shimizu Corporation, also landed an $84 million loan from Sumitomo Mitsui Banking Corporation for the acquisition of the office building, records show. In a press release, Shimizu said the deal represents the firm’s plans to expand its real estate development business in
source https://therealdeal.com/2019/11/20/japanese-firm-lands-84m-financing-for-midtown-east-buy/
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