Silverstein, MetroLoft and RXR Recapitalize 55 Broad Street in Manhattan
The three real estate firms have completed a joint venture recapitalization and financing deal at 55 Broad Street, with Newmark advising.
Silverstein Properties, MetroLoft, and RXR have finalized a joint venture recapitalization and new financing arrangement for 55 Broad Street in lower Manhattan, according to an announcement dated November 13, 2026. The transaction marks a significant capital markets move for the downtown New York property.
Newmark Group, the Nasdaq-listed commercial real estate services firm, acted as exclusive advisor on both the recapitalization and the financing components of the deal. The company's New York Capital Markets Group led the advisory assignment.
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The involvement of three prominent real estate players — Silverstein Properties, known for large-scale New York development; MetroLoft, a firm focused on residential conversions in the city; and RXR, a major regional investor and developer — signals continued institutional interest in repositioning lower Manhattan office and mixed-use assets.
55 Broad Street has been at the center of ongoing redevelopment discussions in the Financial District, an area that has seen growing momentum around adaptive reuse and office-to-residential conversion projects in recent years. The recapitalization structure suggests the partners are aligning long-term capital to support the property's transformation.
Newmark Group trades on the Nasdaq exchange under the ticker symbol NMRK. Continue reading at All Financial Services & Investing.
