01:35 PM EDT, 08/22/2024 (MT Newswires) -- Newmark Group ( NMRK ) said Thursday it arranged a $985 million loan for Zeckendorf Development, Atlas Capital Group, and Baupost Group to finance the construction of a condominium development in Manhattan's West Village in New York City.

The loan is provided by Cale Street Partners and Farallon Capital Management, Newmark ( NMRK ) said.

The project, called 80 Clarkson, is expected to be completed in 2026 and 2027, with sales set to be launched next year, the company added.

Price: 13.06, Change: +0.08, Percent Change: +0.62