JLL has arranged a $48.7-million loan to refinance the acquisition and redevelopment of 150 W. 82nd St., a boutique residential building on Manhattan’s Upper West Side. The group worked on behalf of GreenOak Real Estate LP and Slate Property Group, to place the loan with Apollo Global Management LLC.
Vice chairman Aaron Appel, managing directors Keith Kurland, Adam and Jonathan Schwartz, EVP Michael Diaz and analyst Patrick Heitman led the JLL Capital Markets team handling the debt assignment.
The 10-story 150 W. 82nd is located between Columbus and Amsterdam avenues. The owners plan a condominium conversion of the property. When completed, the property will offer a resident lounge, gym, private backyard, private roof deck, bike storage and private storage.
GreenOak and Slate have partnered on Manhattan acquisitions in the past, including Equity Residential’s River Tower in Midtown, which they bought in 2015.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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