REFI @ MSG
Want to get a jump start on upcoming deals? Meet the major New York City players at one of our upcoming events!
|Last night, we snapped Vornado's 1.1M SF 11 Penn Plaza, across 7th Avenue from MSG. (Seriously, it's cold: On our way, we transfered from the N to the 1 at Times Square just to avoid the one-block walk from Broadway.) Vornado has refinanced the property with a $330M, seven-year loan at 2.64%. The REIT came away with $126M after closing costs and paying back the existing loan.|