Debt Downgraded Ahead of This IBM New York Office Exit: Bond rating firm KBRA has downgraded ratings for all classes of a commercial mortgage-backed securities deal holding a $273.5 million loan on 51 Astor Place in New York's Greenwich Village neighborhood. IBM Watson Group, the largest tenant in the 400,000-square-foot office building, is expected to vacate its nearly 144,000-square-foot space there at the end of the year, according to KBRA.
Debt Downgraded Ahead of This IBM New York Office Exit, Blackstone Refinances Data Center Portfolio, Trouble Lingers for Mall of America
A Weekly Look at the Commercial Mortgage-Backed Securities Business
CoStar News
July 11, 2024 | 3:50 P.M.
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IN THIS ARTICLE
- Properties
- Piscataway 1
101 Possumtown Rd, Piscataway, NJ
- Mall of America
401 South Ave, Bloomington, MN
- One Madison
1 Madison Ave, New York, NY
- Companies
- Blackstone Inc.
Finance and Insurance
- QTS Realty Trust, Inc.
Information
- SL Green Realty Corp.
Real Estate
- Edward J. Minskoff Equities, Inc.
Construction