Previously an office building, 70 Pine Street currently features 612 rental apartments, 39,075 square feet of retail space and a 165-key hotel
News release
14 February 2024
JLL arranges $395M in financing for trophy asset in NYC’s Financial District
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About DTH Capital
DTH Capital is an experienced developer and owner manager of real estate focused on the conversion and management of historic office properties into residential apartments in New York City. DTH has developed and managed a 2.6 million square foot multi-unit rental apartment portfolio comprising four landmark properties (2,218) apartments in Manhattan’s Financial District. DTH Capital was initially formed with the US real estate assets of Eastbridge Group, a family holding company based in Luxembourg, before partnering in 2013 with Belgian operated AG Real Estate. Eastbridge Group manages DTH Capital and is focused on long-term value creation through strategic vision and premier operations.
About Rose Associates Incorporated
Established in 1925, Rose Associates is a premier real estate firm specializing in multifamily rental properties in New York City and the tristate area. Focused on the development, acquisition and management of the highest quality assets, the firm is currently developing six properties in the New York City metropolitan area. Rose’s management platform incorporates state-of-the-art services to maximize revenue and enhance asset value, ensuring that Rose properties consistently outperform the market. Under the leadership of CEO and President Amy Rose, the firm is a certified Women’s Business Enterprise that is currently pursuing a diverse and aggressive growth strategy.