One of the most-watched office-to-residential conversions in Manhattan secured the financing to move forward. A joint venture of Nathan Berman’s MetroLoft and Idan Ofer’s Quantum Pacific Realty landed a $170 million loan for the redevelopment of 767 Third Avenue in Midtown East, the Commercial Observer reported. It’s at least the second loan provided at the site by the U.S. arm of Bank Hapoalim. “Our lending philosophy has always centered on backing experienced sponsors, investing in long-term relationships, and supporting projects that contribute meaningful value to the communities they serve,” BHI chief executive officer Gil Karni said in a statement. The […]

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