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In addition to the $670M mortgage, RXR's landmarked building is tied to $125M in mezzanine debt from Morgan Stanley and Brookfield.
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The first quarter's 12.2M SF of office leases pushed office availability down to 17.7% from 20.1% a year ago.
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The flood of redemption requests has slowed, but many nontraded funds are still facing a cash crunch.
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Wells Fargo Center’s $365M value drop makes it a symbol of Denver’s worsening office crisis as CMBS debt holders brace for steep losses.
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The biggest leases, sales and financing deals this week in New York City.
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Seregh purchased sports venue data firm ROAR and made new executive-level hires as it plots a global expansion.
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Navy Yard, Buzzard Point and the Bridge District have each welcomed massive new developments this year, creating stiff competition between landlords.
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The settlements in a Nashville court would involve the landlord group, including Greystar and Brookfield, paying a combined $140M without admitting wrongdoing.
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The biggest leases, sales and financing deals this week in New York City.
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North American investment in London has dropped 69% since its 2015 peak.
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