Firesale: Blackstone’s Defaulted Manhattan Office Tower Loan Marketed At 50% Discount
Continued turmoil in the office market is causing concern as the third week of the new year nears. Sources close with Bloomberg said a $308 million mortgage on a Manhattan office tower owned by Blackstone is being marketed at $150 million, or about a 50% haircut. This is the second attempt to sell the tower by the …
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