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Walker & Dunlop Arranges $216 Million Refinancing for Trophy Broadway Property in Manhattan

Business

Walker & Dunlop Arranges $216 Million Refinancing for Trophy Broadway Property in Manhattan
Business

Business

Walker & Dunlop Arranges $216 Million Refinancing for Trophy Broadway Property in Manhattan

2026-10-15 06:32 Last Updated At:06:50

BETHESDA, Md.--(BUSINESS WIRE)--Oct 14, 2026--

Walker & Dunlop, Inc. announced today that it arranged $216 million in bridge financing to refinance 568 Broadway, a mixed-use trophy asset located in Manhattan’s SoHo neighborhood.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261014411314/en/

Walker & Dunlop Capital Markets Institutional Advisory served as exclusive advisor to a joint venture between Aurora Capital, Allied Partners, and A&H Acquisitions. Aaron Appel, Dustin Stolly, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Jordan Casella, and Stanley Cayre arranged the financing with ACORE Capital.

“Few assets can match this Broadway property’s combination of premier corner positioning, Broadway frontage, strong retail tenancy, recently upgraded infrastructure, and flexible office product,” said Stolly, senior managing director of Capital Markets Institutional Advisory at Walker & Dunlop. “SoHo remains one of Manhattan’s most supply-constrained office and retail submarkets, with limited large-block inventory and minimal new competitive supply. That scarcity limits competitive leasing pressure while supporting future rent growth, occupancy durability, and long-term value.”

568 Broadway is a 12-story, 390,745-square-foot property comprising of office and retail space. The property’s approximately 70,870-square-foot retail component is 100% leased to Hugo Boss, Athletic Propulsion Labs, GU, and Equinox, while the office component is leased to a mix of tenants including Zocdoc, The Farmer’s Dog, and Milk Makeup.

Located at the prominent corner of Broadway and Prince Street, 568 Broadway benefits from exceptional visibility, frontage, and pedestrian traffic at the intersection of SoHo’s high-volume retail corridor and its luxury, pedestrian-driven shopping district. Surrounded by premier retail, fashion, technology, media, wellness, and consumer brands, the property offers a highly desirable setting for both office and retail users in one of Manhattan’s most sought-after mixed-use neighborhoods.

In the first half of 2026, Walker & Dunlop’s Capital Markets team sourced over $13.9 billion from non-Agency capital providers, including nearly $9.6 billion for multifamily properties. This vast experience has made them a top advisor on all asset classes for many of the industry’s top developers, owners, and operators. To learn more about Walker & Dunlop’s broad financing options, visit our website.

About Walker & Dunlop

Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.

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Bethesda, Maryland 20814

568 Broadway. Photo Credit: Aurora Capital, Allied Partners, and A&H Acquisitions

568 Broadway. Photo Credit: Aurora Capital, Allied Partners, and A&H Acquisitions

NEW YORK (AP) — It's one of the most high-profile jobs in any presidential administration — the White House press secretary. A bridge between the national political media and the president they're trying to cover, the press secretary is no simple mouthpiece.

They answer questions, present the administration's positions and, in the way they interact with journalists, press secretaries can reflect how their boss feels about the media.

That's a reason why so much attention has been directed at Katie Zacharia as she started this week as President Donald Trump's press secretary, after the departure of Karoline Leavitt.

Here are a handful of press secretary moments through recent decades — including one you might not expect.

Only 29 when he was named to the job, Ziegler was press secretary for Richard Nixon from 1969 to 1974. The latter portion of that period was consumed by the Watergate political scandal, in which the administration was implicated and which led to Nixon's resignation. Ziegler downplayed the break-in at the heart of the scandal but on April 17, 1973, he essentially acknowledged previous denials about White House involvement were not true, saying: “This is the operative statement. The others are inoperative.”

Brady had only been in the position of Ronald Reagan's press secretary for just over two months when he was severely wounded by a gunshot during an attempted assassination aimed at Reagan on March 30, 1981. Brady was hit in the head, resulting in brain damage and some paralysis. Popular with the press corps, he was greeted with loud applause on Nov. 9, 1981, when he paid a visit to the press room. He was unable to continue as press secretary but kept the title for the duration of the Reagan presidency and worked in the White House.

Gibbs was named press secretary after the election of Barack Obama, and held the position from 2009-2011. One of the more exasperated moments of his tenure came early in that period, in July 2009, following the arrest of a Black professor by a white police officer at the professor's own home. Obama came under criticism for his commentary around the incident, and invited both men to the White House on July 30, 2009, to talk about it. It was dubbed the “Beer Summit” by media despite the administration's efforts to downplay it as merely a moment of conversation. The day after it happened, Gibbs poked fun at the media frenzy in covering it, like the use of a countdown clock and images from actual geopolitical summits. He said Obama's disdain for “the hoopla ... was much justified.”

Spicer was Trump's first press secretary in his first administration, from January to July of 2017. He immediately started with criticism of the media, and interactions between him and journalists were often contentious. He became the subject of parodies and internet memes, including a portrayal by comedian Melissa McCarthy on “Saturday Night Live.” One of the most memorable moments of his time in the role was the night of May 9, 2017, following Trump's firing of FBI Director James Comey. Spicer was seen huddling on White House grounds around some bushes, and away from bright lights, largely avoiding reporters.

Psaki served as press secretary in Joe Biden's administration, from January 2021 until mid-May 2022. A recurring theme during that time was sharp exchanges between Psaki at the podium in the White House press room and Fox News correspondent Peter Doocy in the journalists' seats. In one January 2022 press briefing, Doocy asked about a social media comment that the secretary of state had made in support of Ukraine, saying, “Has that ever worked at stopping an authoritarian regime from doing anything?” Psaki replied, “I will have to say that unlike the last administration we don’t think Twitter is the only means of engaging or negotiating or discussing important topics.” Despite heated moments, though, both have said publicly that they had a civil and professional working relationship.

In a case of art and life colliding, the real White House press corps got a visit from a fictional press secretary on April 29, 2016, when “White House press secretary” C.J. Cregg of “The West Wing” television series made an unexpected appearance. Actress Allison Janney portrayed the no-nonsense Cregg in the show and reprised the role for a few minutes before breaking character and talking about why she was really there — the opioid epidemic.

White House press secretary Katie Zacharia walks out to speak with reporters in the James Brady Press Briefing Room at the White House, Tuesday, Oct. 13, 2026, in Washington. (AP Photo/Julia Demaree Nikhinson)

White House press secretary Katie Zacharia walks out to speak with reporters in the James Brady Press Briefing Room at the White House, Tuesday, Oct. 13, 2026, in Washington. (AP Photo/Julia Demaree Nikhinson)

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