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Commercial Real Estate Direct Staff Report The $310 million loan Deutsche Bank and Societe Generale provided against the 512,171-square-foot office property at 535-545 Fifth Ave. in Midtown Manhattan pays a 7.06% coupon. The loan was used by the property's owner, Moinian ...
Bisnow Bondholders of the CMBS trusts that hold the $310 million loan against the 512,171-square-foot office property at 535-545 Fifth Ave. in midtown Manhattan have filed to foreclose against the loan. A foreclosure suit has been filed in New York ...
Commercial Real Estate Direct Staff Report The $310 million loan against the 512,171-square-foot office property at 535-545 Fifth Ave. in midtown Manhattan matured last month, prompting its transfer to special servicer LNR Partners. The two-building property, which includes 91,247 sf ...
Yeshiva University has signed a lease to take 160,000 square feet at the Herald Center mixed-use property in Manhattan's Penn Station area. The lease will bring the property to full occupancy. It was hit hard last year, when ASA College ...
Commercial Real Estate Direct Staff Report The Herald Center mixed-use property, with 249,063 square feet in Manhattan, has had its appraised value lowered by 52 percent to $276 million. That's just $31 million more than is owed against the property. ...
The Real Deal JEMB Realty Corp. has made a "significant equity infusion" in exchange for a one-year term extension of its $255 million loan against Herald Center, a 249,063-square-foot mixed-use property in Manhattan. The loan is securitized through three CMBS ...
Class Amt $mln Sub Level% Avg Life (yrs) RatingMoody's RatingFitch RatingKroll Pricing % Yield% Final Pricing (bp) Bnch mark A-1 36.70 30.00 2.94 Aaa AAA AAA 99.998 1.575 +60 swaps A-2 14.80 30.00 4.88 Aaa AAA AAA 102.996 2.223 +85 ...
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