Nearly Full New York Office Building Gets Downgrade: S&P Global Ratings lowered its ratings on the commercial mortgage-backed securities deal holding a $112 million loan on RXR Realty’s 1.25 million-square-foot office building at 237 Park Ave. in New York. The ratings downgrade is unusual in that the property is 98% leased, loan payments have never been delinquent and the loan on the property has never been specially serviced or on any watchlist.
Nearly Full New York Office Building Gets Downgrade, MF1 Capital Kicks Off Single-Lender Offerings, J.C. Penney Lease Gives Boost to Mall
A Weekly Look at the Commercial Mortgage-Backed Securities Business
CoStar News
February 1, 2024 | 4:23 P.M.
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IN THIS ARTICLE
- Properties
- Northwoods Mall
2150 Northwoods Blvd, North Charleston, SC
- JPMorgan Chase Headquarters
270 Park Ave, New York, NY
- Arbor Place
6670 Douglas Blvd, Douglasville, GA
- The Bruckner House
40 Bruckner Blvd, Bronx, NY
- 237 Park
237 Park Ave, New York, NY
- Companies
- RXR Realty
Real Estate