JPMorgan said to fund luxury-condo tower at One Wall Street

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(Bloomberg) — JPMorgan Chase & Co. has agreed to provide Harry Macklowe with an $850 million loan to construct a luxury-condo tower at New York’s One Wall Street, enabling the developer to proceed with the conversion of a landmark office building even as the city’s high-end residential market.

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Rate cut hopes support stocks and bonds after Wall Street record. headquarters and replace it with one of the tallest towers in New. said this was a deal only JPMorgan could do, given that.

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The firm, which has been leasing offices at 60 wall street, will begin the move in the third quarter of 2021. One mock-up of. briefed on the matter said last week. In 2001, deutsche bank bought 60.

But analysts said that the $50-billion investment probably would come from a $100-billion fund created by SoftBank and the Saudi Arabian government – Son said as much to the Wall Street Journal. a.

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