Bloomberg Name: GSMS 2017-GS8

Commercial Observer Extell Development Co. has acquired the $260 million mezzanine loan that encumbers the 2 million-square-foot Worldwide Plaza office property in Manhattan. The purchase could ultimately give Extell, of New York, title to the 35-year-old building, as the mezzanine ...

The Real Deal Rialto Capital Advisors, special servicer for the $104.5 million CMBS loan against the 139,921-square-foot office property at 90 Fifth Ave. in Manhattan's Midtown South area, has hired Newmark to sell the debt. Rialto previously filed to foreclose against ...

The 2 million-square-foot Worldwide Plaza office property in Manhattan is said to have had its appraised value slashed by more than 80% to $345 million. The appraisal reduction was first reported by Bisnow, which cited documents tied to the property's ...

Commercial Real Estate Direct Staff Report The venture that owns the 2 million-square-foot Worldwide Plaza office property in Manhattan has negotiated a modification of its $940 million loan, allowing it to tap into reserves to fund the property's operating expenses ...

BisNow Special servicer Rialto Capital Advisors has filed to foreclose against the $104.5 million CMBS loan against the 139,921-square-foot office building at 90 Fifth Ave. in midtown Manhattan. The loan is securitized through three CMBS deals: a $37 million piece ...

Commercial Real Estate Direct Staff Report The departure of law firm Cravath Swaine & Moore from the 617,135 square feet it had occupied at Manhattan's Worldwide Plaza has prompted the transfer of the $940 million of CMBS debt against the ...

Commercial Real Estate Direct Staff Report A potential tax delinquency might have prompted the transfer of the $104.5 million CMBS loan against the 139,921-square-foot office building at 90 Fifth Ave. to special servicer Rialto Capital Advisors. The building's main tenant, ...

Class Amt $mln Sub Level% Avg Life (yrs) Rating Fitch Rating Kroll Rating Moody's Pricing % Yield% Final Pricing (bp) Bnch mark A-1 14.28 30.00 3.10 AAA AAA Aaa 99.998 2.214 +22 swaps A-2 72.42 30.00 4.86 AAA AAA Aaa ...