JOURNAL ARTICLE

NYC's Rockefeller Center Seeks $3.4 Billion in Commercial Mortgage Bond Deal.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Milton, Immanual John; Arroyo, Carmen; Carpenter, Scott 3 of 3

Abstract

The owners of Rockefeller Center in New York City are seeking to refinance the office and retail space with a $3.4 billion commercial mortgage bond deal, one of the largest in the last decade. The bond sale, led by Tishman Speyer and Henry Crown & Co., is expected to rank among the top five single-asset, single-borrower CMBS deals since 2014. Investors are showing interest in the deal, which will refinance existing debt and provide funds for reserves, while returning money to the owners. Rockefeller Center, a prominent attraction in NYC, houses various commercial buildings and tenants from diverse industries. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/10, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2024
  • Accession Number:180305751
  • Copyright Statement:Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.