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Morgan Stanley Mortgage Capital Holdings has provided a $700 million loan against 770 Broadway, a 1.6 million-square-foot office building in the North of Houston Street area of lower Manhattan. The five-year loan has a rate pegged to Libor plus 175 ...
Commercial Real Estate Direct Staff Report Norden Park, a 615,357-square-foot office building in Norwalk, Conn., that last year lost its largest tenant, reducing occupancy to less than 50 percent, has been appraised at a value of only $13.5 million. The ...
Commercial Real Estate Direct Staff Report The $72.4 million CMBS loan against Norden Park, a 615,357-square-foot office building in Norwalk, Conn., that was transferred to special servicing last October, has been hit with an $18.1 million appraisal reduction amount. The ...
New York Observer Morgan Stanley has loaned $310 million against 535 and 545 Fifth Ave., a pair of buildings with 522,200 square feet of office and retail space in the Grand Central submarket of Manhattan. The 10-year loan, which was ...
Crain's New York Business Facebook Inc. is increasing the amount of space it occupies at 770 Broadway in Manhattan's midtown south area, to 270,000 square feet from 190,000 sf. The 1.2 million-sf office property, which is owned by Vornado Realty ...
Stamford Advocate Truck operator Tauck Inc. has vacated 65,000 square feet it had been occupying at 10 Norden Place, a 615,357-square-foot office property in Norwalk, Conn., that serves as collateral for $72.7 million of CMBS debt. The debt, which is ...
Commercial Real Estate Direct Staff Report Northrop Grumman, which leases 52 percent of the Norden Park office property in Norwalk, Conn., will be completely vacating the 615,357-square-foot building at the end of the year, prompting a $72.9 million loan against ...
Crain's New York Business Facebook is increasing the amount of space it leases at Manhattan's 770 Broadway to 160,000 square feet from 100,000 sf. The social media company signed a 10-year lease for 100,000 sf in May. Vornado Realty Trust ...
Commercial Real Estate Direct Staff ReportInternational Value Advisers, a New York investment manager that launched a pair of mutual funds last October, has been opportunistically investing in CMBS, drawn by the potential for outsized returns. In a newsletter to investors, ...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-144.0030.013.1AAAAaa+7swapsA-1A389.7630.019.3AAAAaaNAswapsA-230.0030.014.9AAAAaa+16swapsA-AB64.0030.017.1AAAAaa+25swapsA-3826.0030.019.7AAAAaa+25swapsA-M193.4920.009.9AAAAaa+31swapsA-J137.8012.87510.0AAAAaa+34swapsB43.5210.62510.0AAAa2+38swapsC16.929.7510.0AA-Aa3+40swapsD31.438.12510.0AA2+46swapsE19.347.12510.0A-A3+56swapsF24.185.87510.0 BBB+Baa1+70swapsG24.184.6310.0BBBBaa2+85swapsH21.753.5010.0BBB-Baa3+115swapsJ7.493.125 BB+Ba1 TreasK7.502.75 BBBa2 TreasL7.492.375 BB-Ba3 TreasM5.002.125 B+B1 TreasN7.491.75 BB2 TreasO7.501.375 B-B3 TreasP9.990.875 CCCCaa2 TreasQ17.490.00 NRNR TreasA-X*1,998.55NA AAAAaa TreasA-SP*TBDNA AAAAaa Treas*Notional amount, interest onlyCollateral balance: $1,998.55 millionBookrunner(s): Credit SuisseLead Managers: Credit SuisseCo-managers: PNC Capital Markets, JPMorgan ChaseB-piece Buyer: Anthracite Capital Inc.Master Servicer: Midland Loan ServicesSpecial Servicer: Midland Loan ServicesTrustee: Wells Fargo BankOriginators: Column Financial (86.2 percent), PNC ...
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