Sidley, Greenberg Traurig Steer $62M Manhattan Loan

Law360 (April 9, 2021, 1:58 PM EDT) -- Sidley Austin represented Citibank in connection with a $62 million loan for a commercial property on Fifth Avenue in Manhattan to a Greenberg Traurig-counseled A&R Kalimian Realty entity, according to records made public in New York on Friday.

The loan from Citibank NA is for 79 Fifth Ave. in the Flatiron neighborhood, and of the $62 million figure, roughly $16.9 million is new financing for the property, and the remainder is an assumption and refinancing of pre-existing debt.

The borrower is AK 79 Fifth LLC, which is affiliated with New York-based A&R Kalimian Realty.

The property is between East 15th and...

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