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.

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