The 10 largest Manhattan loans recorded in March totaled $2.5 billion, almost 50 percent above February’s total. Developer Michael Shvo closed on two loans that made the list, including the largest one — a refinancing for the Coca Cola building. 1) Shvoca Cola – $545 million A partnership led by Michael Shvo secured a $545 million loan from Goldman Sachs and Bank of America to refinance the Coca-Cola building. Shvo’s group — which includes Turkish
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Bradley Beach, NJ; Photo by Ryan Loughlin on Unsplash As the number of coronavirus cases in New Jersey continues to climb, state and city officials are furthering social distancing measures by closing public spaces across the state. Gov. Phil Murphy on Tuesday signed an executive order shuttering all state parks and forests, as well as county parks. A number of Jersey Shore towns have closed beaches and boardwalks, with some even banning short-term rentals to curb visits from out-of-towners. “My focus and our focus, our sole mission right now is the health of every New Jersey family,” Murphy said. “And we must not […]