New York Times Tower

Construction Financing Lines Up for NYT Tower

By Barbara Jarvie NEW YORK CITY-Total construction loan financing in the amount of $322.5 million has been put in place for the development of the 1.7-million-sf New York Times Co. building at 620 Eighth Ave. Just before the year end, Hypo Real Estate Capital Corp., the New York-based subsidiary of Hypo Real Estate Bank International, closed on a $52.5-million participation loan for the project, which is a joint venture of the New York Times Co., Forest City Ratner Cos. and ING Real Estate...
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