Lender Looking To Sell Mortgage On Blackstone-Owned Building After $430M Value Drop
 

Lender Looking To Sell Mortgage On Blackstone-Owned Building After $430M Value Drop

Blackstone stopped funding the property's operating shortfall in March 2022, as it became clear that older office buildings were facing a long road to recovery. It stopped making mortgage payments on the property around the same time and said it would work to hand over the deed to the property.

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