Real Estate Rumors: SL Green, Randy Rissman, Florida Power

Law360, Minneapolis (December 5, 2017, 3:43 PM EST) -- United Overseas Bank has loaned $195 million to a venture of SL Green Realty and Jeff Sutton for a retail property in Times Square, The Real Deal reported on Tuesday. The five-year loan is for the 15,000-square-foot 1552 Broadway, and is at an interest rate of 2.65 points above the London Interbank Offered Rate, according to the report. The venture bought the property for $137 million in 2011, Real Deal said.

Tiger Electronics founder Randy Rissman is close to a deal to acquire an office building...
To view the full article, register now.