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Savanna paid $255M to buy 799 Broadway, a loss for its developers, Columbia Property Trust and Cannon Hill Capital Partners.
News

Savanna Buys 799 Broadway For $255M, Slightly Less Than Building's Debt

... to Commercial Observer, which first reported the deal. Blackstone Mortgage Trust issued the loan in 2022 and facilitated ... our carrying values,” a Blackstone Mortgage Trust spokesperson told Commercial Observer. A Blackstone spokesperson didn't respond to ...

Nov 19, 2024
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Awards onstage at Bisnow's 2023 New York Women Leading Real Estate event.
News

Meet Bisnow’s 27 New York Power Women For 2024

... Real Estate Group and Global Head of Core+ Real Estate, Blackstone Kerry Powers, Managing Director and Chief Sustainability Officer, Savanna Bethany ...

Nov 18, 2024
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541 Lexington Ave., formerly the Maxwell hotel.
News

Issac Hera Takes Over Former Maxwell Hotel After $234M Foreclosure

... on and take over 1740 Broadway, an office building that Blackstone bought for $605M in 2014. It also picked up the ...

Oct 22, 2024
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620 Avenue of the Americas
News

RXR Holds On To Chelsea Landmark, Sells 50% Stake To Hudson Bay Capital

... Friday.  The debt was furnished by Goldman Sachs and Blackstone, Commercial Observer reported. Loan documents filed with the city ...  show an entity tied to Blackstone Mortgage Trust provided a $334M senior mortgage, which ...

Oct 18, 2024
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Debt backed by Worldwide Plaza, at 825 Eighth Ave., has gone into special servicing following a default by SL Green and RXR Realty.
News

SL Green, RXR Hope To Modify $940M Worldwide Plaza Loan After Missing Debt Payment

... a dwindling pool of lenders willing to refinance maturing loans.  Blackstone relinquished the 26-story office tower at 1740 Broadway to ... dropped to $175M, less than a third of the $605M Blackstone paid to acquire it in 2014, by the time the ...

Oct 14, 2024
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BXP's Heather Kahn, Convene's Brian Holland, Sage Realty's Alec Fomin, Savills' Scott Vinett, Cushman & Wakefield's Paige Engeldrum and Lowenstein Sandler's Julia Sanabria at Bisnow's New York Office and Workplace event Oct. 9, 2024.
News

Long-Dormant Tech Firms Start To Make A Stir In Office Market

... ,” is the growth of private equity firms and hedge funds. Blackstone, Ares Management and Bridgewater Associates have all signed large deals ...

Oct 11, 2024
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Adam Gordon with donkeys on his California ranch
News

Weekend Interview: Wildflower's Adam Gordon On Partnering With Robert De Niro And Raising Wagyu

... Red Hook.  On Manhattan’s West Side, Vornado Realty Trust, Blackstone and Hudson Pacific Properties are investing $350M in a public ...

Aug 30, 2024
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475 Fifth Ave., which RFR acquired for $291M in 2022 and is now allegedly in default on one of its loans, new court filings show.
News

Fifth Ave. Office Tower Slapped With RFR’s Second Foreclosure Notice In Two Weeks

...  in a two-week span. Last week, Rialto Capital and Blackstone filed to foreclose against two retail condos owned by the ...

Aug 16, 2024
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122 Greenwich Ave., where RFR has allegedly defaulted on loans covering eight commercial condos previously provided by Signature Bank.
News

Rialto, Blackstone Ramp Up Foreclosure Suits On Signature Bank's Former Borrowers

... commercial condominiums and a landmarked Midtown office tower. Blackstone and the Canada Pension Plan Investment Board paid $ ... stabilized or subsidized housing. Now, eight months since Blackstone and Rialto bought Signature's commercial loans, they have ...

Aug 12, 2024
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dark office buildings
News

Foreclosures Surge As Some Investors Call Bottom, Others Say Pain Is Just Starting

... -value of its U.S. office loan portfolio reached 81%. Blackstone Mortgage Trust slashed its dividend to allow it to deploy ...

Jul 29, 2024
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