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Real Estate Rumors: Simon Baron, Akara, Armen Manoogian

By Andrew McIntyre (April 12, 2017, 8:04 PM EDT) -- Simon Baron Development has scored a $130 million loan for a property on 88th Street in New York from Bank of the Ozarks, The Real Deal reported on Wednesday. The loan is for 12 E. 88th St., a 12-story building that Simon Baron bought in 2014 for $105 million, according to the report. The property had apartments when Simon Baron bought it, but the developer has since converted the units to condos, according to the report....

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