The tower has been recapitalized with a CMBS loan worth more than a half-billion dollars.
Related California's newest offering brings 550 residences south of Market Street.
Urban core office properties have drawn billions of dollars in activity from CMBS bond offerings, even before any clarity over the return to work has emerged.
The mall's value dropped from $322M to a little more than $130M by the time of the foreclosure.
Worldwide geopolitical uncertainty is putting some CMBS on hold for now.
Delancey Street Associates scored a major new refinancing loan for completion of its office space at the Essex Crossing megadevelopment.
This week’s top financing deals, leases and sales in New York City.
The building owner and its lender ran out of time to pay back the loan on the 26-story office tower after using all three extension options.
This quarter $20.5B of office, multifamily and other property was seized, the highest figure in nearly a decade.
The office landlord negotiated to extend the loan's maturity date to July 2025 with a six-month extension option.
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