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Real Estate Rumor Mill: Brookfield, Jay Paul, Marcus

By Andrew McIntyre (April 6, 2015, 7:38 PM EDT) -- Brookfield Property Partners LP is seeking to increase its Bank of China loan on 245 Park Ave. from $800 million to $1 billion, Commercial Observer reported, citing a source with knowledge of the deal. The increased loan on the 1.7 million-square-foot, 45-story tower is expected to close this month, and the loan-to-value ratio at the property will remain less than 50 percent, Commercial Observer said, citing a source....

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