The past two months have seen a barrage of negative news coverage focusing on the US housing market…
Tag Archives: Blackstone
Blackstone Gives Up On One Of Its Midtown Manhattan Office Buildings, Hands Keys To Lender
Blackstone is giving up on one of its Midtown Manhattan office buildings, the latest sign yet that distress is beginning to hit the office sector.
The world’s largest owner of commercial real estate, Blackstone has turned over the keys of 1740 Broadway, a 26-story office tower a block from Carnegie Hall, to the special servicer on its $308M commercial mortgage-backed security, Commercial Observer reports.