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| Hypo Real Estate Capital Corporation closes loan for 681 Fifth Avenue Hypo Real Estate Capital Corporation (HRECC), the New York-based subsidiary of Hypo Real Estate Bank International, said on Wednesday that it closed a $130 million loan for 681 Fifth Avenue in New York. The transaction closed on August 19, 2008. 681 Fifth Avenue is located between 53rd and 54th Streets in the Plaza District submarket of Manhattan. Built in 1912 as a McKim, Mead, and White building and currently undergoing a total renovation, the 17 story Class A office and retail property measures 82,500 net rentable square feet and includes a unique penthouse with outdoor terraces and highly desirable views of Central Park to the north and the Rockefeller Center and the Empire State Building to the south. write your comments about the article :: © 2008 Construction News :: home page |