{"id":230031,"date":"2026-05-13T15:33:41","date_gmt":"2026-05-13T15:33:41","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/230031\/"},"modified":"2026-05-13T15:33:41","modified_gmt":"2026-05-13T15:33:41","slug":"brookfield-qatar-latest-to-jump-on-trophy-refi-boom","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/230031\/","title":{"rendered":"Brookfield, Qatar Latest to Jump on Trophy Refi Boom"},"content":{"rendered":"

More Manhattan landlords are getting in on the refinancing bonanza for their trophy properties.\u00a0<\/p>\n

Brookfield and the Qatar Investment Authority are preparing to be the next to tap the spigot, lining up a $1.9 billion loan for Two Manhattan West, according to a S&P Global dispatch reported<\/a> by Crain\u2019s. Wells Fargo is leading the bank consortium that agreed to provide the debt.<\/p>\n

The refinancing of the Hudson Yards tower should prove to be a boon for ownership, which is expected to pocket $273 million in cash returns from the deal.<\/p>\n

The 58-story, 2-million-square-foot property is 97 percent leased and counts average in-place gross rents of $132 per square foot, according to S&P. The building opened its doors in 2023 and includes amenities such as a 3,200-square-foot landscaped terrace, bike storage, conference centers and a fitness and wellness center.<\/p>\n

Hedge fund D.E. Shaw agreed<\/a> to take 283,000 square feet across eight floors in 2022. That same year, global audit and consulting firm KPMG announced a deal<\/a> for 450,000 square feet. International law firm Clifford Chance took 144,000 square feet, while Cravath Swaine & Moore, another law firm, leased 481,000 square feet at the building.<\/p>\n

Refinancing high-quality office buildings is putting hundreds of millions of dollars in the cash coffers of real estate\u2019s biggest landlords.<\/p>\n

Last week, Soloviev Group was reported to be securing<\/a> a $1.8 billion, five-year refinancing loan for 9 West 57th Street, issued by Bank of America, Wells Fargo and Citi Real Estate Funding, which will pay off the existing $1.2 billion mortgage.<\/p>\n

The refinancing is expected to close by the end of this month, resulting in a $526 million cash payout to Soloviev and valuing the building at $3.9 billion upon stabilization.<\/p>\n

And last year, Tishman Speyer and its partners landed nearly $1 billion in payouts upon refinancing the Spiral in Hudson Yards.<\/p>\n

\u2014 Holden Walter-Warner<\/a><\/p>\n

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Hedge fund finds 283K sf at Two Manhattan West<\/p>\n

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Soloviev winning streak rages on with $1.8B refinancing<\/p>\n

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KPMG consolidating to 450K sf at Two Manhattan West<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"More Manhattan landlords are getting in on the refinancing bonanza for their trophy properties.\u00a0 Brookfield and the Qatar…\n","protected":false},"author":2,"featured_media":230032,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[90310,75,84,83,9,24,63],"class_list":["post-230031","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-brookfield-qatar-refinancing","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-nyc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/230031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=230031"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/230031\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/230032"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=230031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=230031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=230031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}