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Ivanhoé Cambridge defaults on New York City office tower

Firm's debt on 85 Broad in Manhattan transferred to special servicer, Bloomberg reports
Mortgage payments are past due at the 30-floor office tower located at 85 Broad Street in Manhattan, according to a Bloomberg report. (CoStar)
Mortgage payments are past due at the 30-floor office tower located at 85 Broad Street in Manhattan, according to a Bloomberg report. (CoStar)

Ivanhoé Cambridge, the real estate arm of the CDPQ Quebec pension fund giant, is in default on its mortgage debt on its office tower at 85 Broad St. in Manhattan.

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