Bloomberg Name: WPT 2017-WWP

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 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 ...

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 ...