JPMorgan said to fund luxury-condo tower at One Wall Street

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Set high above Powell’s Books on Northwest Couch Street, marked Portland’s first luxury condo project. The Pearl District’s early condos were marketed to artists and twentysomethings willing to put up.

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From left: Rendering of Central Park Tower, One Wall Street, Gary Barnett, Jamie Dimon and Harry Macklowe (Credit: Getty Images) With its competitors wary of the high-stakes construction market, JPMorgan sees an opportunity to become the dominant commercial real estate lender in New York. And it plans write its own rules along the way.

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JPMorgan Chase & Co. has agreed to provide Harry Macklowe with an 0 million loan to construct a luxury-condo tower at New York’s One Wall Street, enabling the developer to proceed with the conversion of a landmark office building even as the city’s high-end residential market slows.

Rate cut hopes support stocks and bonds after Wall Street record. headquarters and replace it with one of the tallest towers in New. said this was a deal only JPMorgan could do, given that.

Flawed back-up systems marred Wall Street. One lawyer noted the firm’s disaster recovery system had shown itself to be inadequate. “It’s a disaster,” he said. Companies in midtown Manhattan,

JPMorgan Chase has agreed to provide Harry Macklowe with an $850 million loan to construct a luxury-condo tower at New York’s One Wall Street, enabling the developer to proceed with the.

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It also agreed to loan $850 million to Macklowe Properties for the residential conversion of One Wall Street. The loans are a sign of confidence in the city’s luxury condo market.

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