Loeb Guides Rabina in $540 Million Construction Financing for 520 Fifth Avenue in New York City

Loeb & Loeb represented Rabina, a multi-generational, family-owned and operated real estate investment and development firm based in New York, in its $540 million construction financing package, and additional joint venture equity, for 520 Fifth Avenue, the first post-pandemic building development in Manhattan, New York City, to weave together luxury residences, boutique commercial office space, world-class recreational facilities and ground floor retail all under one roof. The transaction closed on March 2, 2022.

The approximately 1,000 foot tall to-be-constructed mixed-use tower, located on Fifth Avenue and 43rd Street in the heart of Manhattan's Midtown neighborhood, will be the second tallest building on Fifth Avenue, after the Empire State Building.

The Loeb team included partner Chris Barbaruolo, chair of the firm’s Real Estate Equity & Debt Investments, and Real Estate partner Victoria Stephanova and associate Allison Trupp.