Commercial Observer Blackstone Group is said to be transferring 1740 Broadway near Manhattan’s Times Square to the CMBS trust that holds a $308 million mortgage against the 601,000-square-foot office building. The loan, securitized through BWAY Mortgage Trust, 2015-1740, continues to be classified as current – it made its March debt-service payment, according to servicer data […]
The post Blackstone Seen Giving Up on Manhattan’s 1740 Broadway appeared first on Commercial Real Estate Direct.
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