Mortgage Observer

KeyBank Refinances Bronx Office Tower at 1250 Waters Place

1250 Waters Place.

KeyBank provided an $80.5 million loan to Simone Development Companies to replace construction financing on office condominium space in 1250 Waters Place at the firm’s Hutchinson Metro Center development in the Bronx.

Mr. Simone received the loan from KeyBank on Sept. 12, public records show. The loan replaces financing provided by the local development corporation Build NYC Resource Corporation and M&T Bank in December 2012, according to the records. Read More

Lease Beat

Applebee’s Joins Throggs Neck Shopping Center

Courtesy of Printable Coupons

Applebee’s is set to open a new 6,640-square-foot location in the Bronx.

The casual dining restaurant, known for signature items like “riblets,” will be opening a location at the Throggs Neck Shopping Center in Ferry Point. The center, anchored by Target and junior anchored by TJ Maxx, is slated to open in March 2014 and Read More