Garment District office tower gets $148M refi

L.H. Charney Associates landed a $148 million refinancing loan package for its 387,000-square-foot office building at 1410 Broadway. The 33-story Garment District building is 78 percent leased, primarily to fashion and professional services companies, according to Pacific Coast Capital Partners, the real estate finance and investment management firm that provided the loan package. As the pandemic has driven Manhattan’s office availability to record-highs in recent months, office landlords — especially those with older buildings —