Sovereign Partners is ruling its domain at 100 Fifth Avenue thanks to a refinancing package. Rialto Capital provided a $150 million loan to refinance the Midtown South office building, the Commercial Observer reported. A Newmark team including Jordan Roeschlaub and Chris Kramer negotiated the deal. Sovereign — led by brothers Cyrus and Darius Sakhai — acquired the 20-story office building in 2023 for $126.5 million. That was barely half the $230 million price Clarion Partners paid to acquire the property a decade earlier. During its short stewardship of the building, Sovereign has brought the 277,000-square-foot property up to full occupancy, […]

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