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Debt flooded NYC’s development pipeline in March
April 27, 2026
Posted 3 hours ago by
Debt flowed through New York’s development pipeline in March, with lenders backing everything from a Brooklyn residential megaproject to Midtown trophy office towers. In Williamsburg, Two Trees landed a 460 million construction loan for the next phase of its Domino Sugar refinery development, a pair of residential towers. Across the river, Midtown saw a flurry of office activity, led by a 450 million loan for Global Holdings’ NoMad office tower.
Further north, JPMorgan Chase supplied a 417 million loan for Extell’s Ikea-anchored retail and office development and RXR locked in a 408 million loan for its Lexington Avenue renovation. Citadel []This article originally appeared on The Real Deal. Click here to read the full story.
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