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Low Occupancy, Cash Flow Prompt Transfer of $34.9Mln CMBS Office Loan to Special Servicing
Commercial Real Estate Direct Staff Report The $34.9 million loan against 252 West 37th St., a 161,613-square-foot office building in Manhattan's Garment District that has suffered from a sharp decline in occupancy and cash flow, has transferred to special servicer ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
