Four years after topping out Brooklyn’s office skyline, JEMB Realty pulled off a financial reset at 1 Willoughby Square, bringing in partners and refinancing a tangle of construction-era debt to keep control of the 35-story tower. The 500,000-square-foot Downtown Brooklyn building was recapitalized through a complex transaction that included new equity, splitting the tower into condos and a $125 million mortgage from Deutsche Bank, according to Bisnow and a recent Fitch Ratings report.  Among the latest round of investors is Edmond Safra, a member of the Safra banking family, alongside Adnane Mousannif’s AVRS Partners and KSR Capital principals Abraham Kassin […]

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