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Blackstone To Refinance New York Office Building, Offering Gets Downgrade For $939 Million in Maturing Loans, Analyst Expects CMBS Issuance To Pick Up

A Weekly Look at the Commercial Mortgage-Backed Securities Business
Blackstone is in the process of securing new financing for Park Avenue Tower in New York. (CoStar)
Blackstone is in the process of securing new financing for Park Avenue Tower in New York. (CoStar)
CoStar News
February 29, 2024 | 2:58 P.M.

Blackstone To Refinance New York Office Building: Blackstone, which has shrunk its office holdings over the past few years through sales and voluntary foreclosures, appears ready to hold on to Park Avenue Tower in New York.

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