Over the past quarter century Nathan Berman has developed a savant-like mastery of a peculiar trade in New York City property development: converting out-of-fashion office buildings into residential towers. Berman, now 63, a child of Holocaust survivors, emigrated with his family from Ukraine when he was 14, and took a meandering path to real estate.… Read more »
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In the lobby of a downtown Manhattan tower, Nathan Berman pauses to admire the marble walls and terrazzo floors. A real estate developer, he has a taste for old-world detail, like the fur lining in his navy overcoat, accented with a polka-dot scarf. It’s rush hour in the heart of Wall Street, and Berman’s at… Read more »
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The three partners planning a 1,300-unit conversion of 25 Water Street closed the $536 million loan that’s been in the works for months. Michael Dell’s MSD Partners and Apollo Commercial Real Estate Finance provided the loan for the acquisition and redevelopment of the Financial District property, Newmark announced Thursday. Read the full story here.
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Rudin Management handed off a Financial District building after nearly 60 years, selling the 30-story office property to a pair of developers. Silverstein Properties and Metro Loft Management teamed up to buy 55 Broad Street for roughly $180 million, the Commercial Observer reported. The landlords have inked a contract, but the closing date remains unclear.… Read more »
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As the Manhattan sales market continues to slow, developers in the area are seeing a growth in the luxury rental space, and are following through by building rental properties that have condo-level amenities and activities that go beyond a wine and cheese hour. Read the full story here.
READ MOREPlans to convert the former New York Stock Exchange building at 20 Broad Street into apartments is moving forward after the city’s Department of Buildings gave the developer the all clear last week, Curbed has learned through a tip via BuildZoom. Read the full story here.
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Nathan Berman had to pause when asked how many buildings he owns in the Financial District. Read the full story here.
READ MORENathan Berman’s Metro Loft Management nabbed $270 million in financing for a planned office-to-resi conversion of the former New York Stock Exchange building at 20 Broad Street. Read the full story here.
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At the tippy-top of the design-driven residential market these days, it helps to go the extra mile. The push for better quality of details, finishes, amenities and services often makes a million-dollar difference, says developer Nathan Berman, founder of MetroLoft Development and a leader in the downtown Manhattan’s hottest markets. Read the full story here.
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He’s been called the King of FiDi with over 2200 apartments under his management. The founder and principal of Metro Loft Management, Nathan Berman specializes in transforming landmark office buildings into luxury rentals. He recently acquired the leasehold for 20 Broad Street, the former New York Stock Exchange building, and plans to convert it to white-glove rental… Read more »
READ MORENathan Berman’s Metro Loft has found a buyer for its $54 million penthouse at 443 Greenwich Street in Tribeca. The triplex was put under contract last week, according to Olshan Realty’s weekly market report, which said the ultra-luxe condo was one of 28 contracts signed at $4 million and up. Read the full story… Read more »
READ MOREPlans for the conversion of the former New York Stock Exchange (NYSE) building at 20 Broad Street have now been unveiled, The Real Deal reports. Development firm, Metro Loft Management intends to convert the office building into 521 luxury rental apartments with five floors of retail. In addition, the developer will also add six stories to the… Read more »
READ MORENew details have emerged on Nathan Berman’s purchase of the leasehold at the former New York Stock Exchange building at 20 Broad Street in the Financial District, including the lenders and the final price: $185 million. Read the full story here.
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Nathan Berman’s Metro Loft rental conversion company has closed on the purchase of the long-term leasehold of the former New York Stock Exchange offices at 20 Broad Street. The price was $185 million. Deutsche Bank is the lender while the Vanbarton Group has provided preferred equity. Read the full story here.
READ MOREMetro Loft Management’s book bindery-turned-condos at 443 Greenwich Street in Tribeca will be crowned with a $53 million penthouse. Read the full story here.
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