Blackstone has stopped making debt payments on its Hughes Center office campus, a 1.5M SF complex spread over 19 buildings at 3770-3993 Howard Hughes Parkway.

Public records show the loan, backed by the huge office campus, was placed into special servicing earlier this month. Blackstone cited an inability to fund future monthly payments and said it had begun writing off the equity value of the loan in 2020, CoStar reported.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jack Rogers


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.