The continued heavy cost of capital in the commercial mortgage-backed securities (CMBS) office market is on display at one of New York City’s most iconic towers. Owner Irvine Company has invested ...
A year ago, 12% of the MetLife Building wasn’t leased. The law firm Greenberg Traurig had moved across the street to the supertall tower at 1 Vanderbilt Ave. developed by client SL Green. Today, just ...
The MetLife Building, one of Park Avenue’s premier office towers, is close to refinancing its mortgage at a substantially higher interest rate. The new $1.5 billion loan is expected to carry a 6.25% ...
CBRE, the exclusive leasing agent for the building, did not immediately disclose the asking rent, the length of the lease, or any brokers tied to the deal. The average office asking rent in Midtown ...
The California-based owner of the famed MetLife Building could be in two states of mind: giddy over refinancing the property or bereft over the sharp increase in the interest rate. The Irvine Company ...
Irvine Company officially finalized a $1.5 billion refinancing for its most iconic piece of real estate. The Newport Beach-based real estate giant secured a 5.39% interest rate for its new loan for ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min New York City restaurateur Mark ...
The History of the Modern Office in One BuildingThe old MetLife complex on Madison Square, once a hive of paper-pushing clerks, gains a tall addition that’s all light and air.
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