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Real Estate Rumors: Wells Fargo, Schmier & Feurring, Pepsi

Law360, Minneapolis (January 3, 2018, 7:05 PM EST) -- Wells Fargo & Co. and M&T Bank have loaned a combined $200 million to Delancey Street Associates for a New York Lower East Side mixed-use project, The Wall Street Journal reported on Tuesday. The construction loan is for 180 Broome St., which is slated to have 263 rental apartments, 175,000 square feet of office space and retail space, the journal said. The developer is expected to begin construction on the 26-story project this month, according to the report.

Schmier & Feurring Properties Inc. has paid $37.9...
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