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Archer Green. All images courtesy of NYC Housing Connect

Housing Lottery Launches for Archer Green in Jamaica, Queens

The affordable housing lottery is open for Archer Green, a 23-story mixed-use development at 92-23 168th Street in Jamaica, Queens. Designed by Edelman Sultan Knox Wood Architects and developed by Omni New York, the 552,156-square-foot building will yield 387 units. Available on NYC Housing Connect are 351 units for residents from 40 to 130 percent of the area median income, ranging in eligible income from $20,160 to $183,300.

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Photograph of Rockefeller Center, courtesy of Tishman Speyer

Tishman Speyer Secures $3.5B Refinancing for Rockefeller Center In Midtown, Manhattan

Tishman Speyer recently secured a $3.5 billion loan to refinance Rockefeller Center in Midtown, Manhattan. The loan is the largest-ever CMBS issued for a single office asset. Bank of America and Wells Fargo co-led the five-year single asset single borrower loan, which carries a fixed interest rate of 6.2265 percent. The funds will be used to pay off an existing $1.7 billion loan and mezzanine financing due in May 2025, as well as cover leasing costs.

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