SL Green to Sell Palisades, N.Y., Event Space for $26.25Mln
April 24, 2024
Houston’s 777 Post Oak Blvd. Office Gets New Owner
April 24, 2024
85 percent leased. The buyer assumed a $6.5 million mortgage that was securitized through Morgan Stanley Capital I Inc., 2006-IQ12. The loan matures in 2016 and has a coupon of 5.64 percent.
The REIT has used $79.2 million of the proceeds to pay off the loan that encumbered both the hotel and the adjacent 182,000-square-foot Plaza Las Fuentes office building. Eurohypo and Wells Fargo Bank in 2008 had provided $100 million in ...
Capmark Finance has provided floating-rate financing.
85 percent occupied.
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