Reported about 4 hours ago
Blackstone is reportedly seeking an $800 million loan to acquire a stake in a 50-story office building located at 1345 Avenue of the Americas in Manhattan. This move comes as the firm looks to increase its presence in New York real estate after previously diversifying its portfolio. The building, already backed by a $600 million loan set to mature soon, has maintained a steady occupancy rate despite challenges faced by office landlords post-pandemic.
Source: YAHOO