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Landlord Rushes To Refinance HSBC’s Former New York Headquarters as Loan Payoff Date Nears

Move Comes After Sale of Office Building Fell Through
Property and Building Corp. has turned its attention to refinancing 452 Fifth Ave. in Manhattan after its sale fell through. (CoStar)
Property and Building Corp. has turned its attention to refinancing 452 Fifth Ave. in Manhattan after its sale fell through. (CoStar)

Following the collapsed $855 million sale of HSBC’s New York headquarters this month, Tel Aviv, Israel-based building owner Property and Building Corp., facing a loan set to mature July 1, is working to refinance the tower at 452 Fifth Ave.

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