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The McGraw-Hill building, which will have its sign restored as part of its partial conversion process, will add 224 luxury apartments to Midtown.
News

Blackstone, Rialto Push To Foreclose On McGraw-Hill Building After Signature Bank Loan Default

... to find the best resolutions possible.” In December, the Blackstone and Rialto joint venture acquired a 20% equity stake in ... Rialto acts as the loan servicer and operating partner, while Blackstone is the lead asset manager of the portfolio. Canada Pension ...

Jul 19, 2024
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1 Hotel Central Park
News

Starwood Sells 1 Hotel Central Park For $265M

... . Host also bought Turtle Bay Resort on Oahu, Hawaii, from Blackstone Real Estate for $725M. The sale price is double what ... Blackstone paid for it. Host, which also owns the 1,971- ...

Jul 16, 2024
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One Liberty Plaza
News

This Week’s N.Y. Deal Sheet: Brookfield Scores $750M Extension At FiDi Tower

... release. Brookfield sold a 49% stake in the property to Blackstone in 2018. Brookfield bought back the stake last year, but ...

Jun 25, 2024
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 345 Park Ave
News

Blackstone To Expand Manhattan Headquarters To Over 1M SF

... Manhattan and New York City with this extension,” a Blackstone spokesperson told Bisnow in a statement. “The Rudin organization ... that 345 Park Avenue will remain our global headquarters.” Blackstone has quickly grown its workforce since 2020, going from ...

Jun 12, 2024
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The Seagram Building, where owner RFR Holding sealed the deal on a substantial refinancing package this year after months of uncertainty.
News

Aby Rosen's RFR Facing $2.5B Debt Bill As Defaults Pile Up

... linked to an exit package agreed on in 2019. And Blackstone is suing for nearly $50M for one of the loans ...

May 20, 2024
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Debt On Blackstone’s Forsaken Broadway Office Tower Sells For $200M
News

Debt On Blackstone’s Forsaken Broadway Office Tower Sells For $200M

... from office investments into data centers and rental housing. Blackstone acquired the building a decade ago from Vornado Realty ... property at $175M, well below the previous debt balance. Blackstone reportedly hasn't made any payments toward the property’ ...

Apr 22, 2024
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L&L Holding Cos' 425 Park Ave., where Ken Griffin's Citadel is an anchor tenant, scored a $911M refinancing deal this week.
News

L&L Lands $911M Loan To Refinance Citadel-Anchored Park Avenue Tower

... the tune of $205M from lender Wells Fargo. Last month, Blackstone notched a $308.5M CMBS loan from Morgan Stanley for ...

Apr 11, 2024
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Vornado Realty Trust's Penn 2, where Major League Soccer is moving to as it expands, in August 2022.
News

This Week’s N.Y. Deal Sheet

... in BXP’s 601 Lexington Ave., whose tenant roster includes Blackstone and Citigroup, were $96 per SF. The tenant and landlord ...

Apr 02, 2024
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Defaulted Loan On Blackstone's 1740 Broadway For Sale After $430M Value Drop
News

Defaulted Loan On Blackstone's 1740 Broadway For Sale After $430M Value Drop

... will work collaboratively to transfer the ownership,” a Blackstone spokesperson told Bisnow in a statement.  The discount ... residential conversion, Bloomberg reported, citing unnamed sources. Blackstone stopped funding the property's operating shortfall in ...

Jan 17, 2024
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NYC apartments
News

Signature Bank’s Loans Have Sold. What Comes Next Will Be The Market's True Test

... pools. One portfolio went to a joint venture led by Blackstone and the Canada Pension Plan Investment Board, putting up $1 ...

Jan 04, 2024
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