NEW YORK CITY-A subsidiary of Forest City Enterprises, Inc. haswrapped up a 10-year, fixed-rate mortgage loan for $85.0 million ona retail property it owns at 42nd Street in New York City. Theinterest rate for the loan is over 325 basis points lesser than therate of the previous loan on the 312,000-square-foot entertainmentcomplex. Some of the key tenants at the complex include MadameTussaud's Wax Museum, AMC Theatres, Dave and Buster's andModell's.For the full story, go to New York Observer.
GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
