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The spread between 5-year and 10-year Treasuries is about 15 basis points, which has made all-in borrowing costs indistinguishable at different terms, says Cushman & Wakefield's Chris Moyer.
“Guardian had outgrown its existing premises and the 171 17th space, which could no longer accommodate all of our requirements, was a beneficial sublease solution for both parties,” says Sam Hollis, executive director at Cushman & Wakefield.
The agreement extends affordability protections and invests $140 million in capital improvements at the nation's largest subsidized affordable housing complex.