RAL Development Services
RAL Development Services portfolio
$121.8 million* – condo 51%, office 48%; Brooklyn 51%, Manhattan 48%
473th largest portfolio by dollar value
399,836 sqft – office 57%, condo 42%;
736th largest by SF
90 properties – Brooklyn 98%, Manhattan 1%
100th largest
89 residential units – Brooklyn 100%, Manhattan 0%
1534th largest by residential units
Top Ten Associated Companies:
Quay Tower Trust (1), Deutsche Bank (1), Dermot Company (1), Goldman Sachs (1), Campbell Willa LLC (1), First Republic Bank (1), United Overseas Bank (1)
Top Ten Associated People:
James Huddleston (1), Murray Mackinnon (1), Andrew Levison (1), Kolette de Bocos (1)
Recent activity as company:
• RAL Development Services and China Vanke sold 15 Bridge Park Drive, Brooklyn Heights, Brooklyn for $90 million to Dermot Company and Goldman Sachs on January 27, 2023.
• RAL Development Services borrowed $148.1 million from Deutsche Bank for 124 East 14th Street, East Village, Manhattan on June 27, 2022.
• RAL Development Services borrowed $95 million from First Republic Bank for 50 Bridge Park Drive, 50 Bridge Park Drive, 50 Bridge Park Drive, 50 Bridge Park Drive, 50 Bridge Park Drive, and others, Brooklyn Heights, Brooklyn on September 08, 2021.
• RAL Development Services sold 50 BRIDGE PARK DRIVE, Brooklyn Heights, Brooklyn for $10.2 million to Campbell Willa LLC on June 03, 2020.
• RAL Development Services sold 50 BRIDGE PARK DRIVE, Brooklyn Heights, Brooklyn for $20.3 million to Quay Tower Trust on April 14, 2020.
• RAL Development Services borrowed $71.5 million from United Overseas Bank for Landing at Brooklyn Bridge Park at 15 Bridge Park Drive, Brooklyn Heights, Brooklyn on March 23, 2020.
Latest Stories:
• RAL signs $148.1M loan with Deutsche Bank for office in East Village (June 28, 2022)
• RAL Development Services sells penthouse condo for $10.2M in Brooklyn Heights (June 04, 2020)
• RAL Development Services sets Brooklyn record with $20M penthouse sale (April 15, 2020)
• RAL Development Services refis Brooklyn condos with $45M from Bank OZK (March 24, 2020)
Properties: