Brief
CMBS Loan Backed by Vornado, Related’s 85 10th Avenue Sent to Special Servicing
A $396 million commercial mortgage-backed securities (CMBS) loan secured by 85 10th Avenue, a 633,000-square-foot office property in Manhattan’s Chelsea neighborhood, has been sent to special servicin
Summary
A $396 million commercial mortgage-backed securities (CMBS) loan secured by 85 10th Avenue, a 633,000-square-foot office property in Manhattan’s Chelsea neighborhood, has been sent to special servicing due to imminent maturity default, according to an alert from Morningstar Credit.
85 10th Avenue is owned jointly by Vornado Realty Trust and the Related Companies.
Related purchased […]
Source
- Commercial Observercommercialobserver.com
