Strong Tenancy Aids Blackstone Office Refinancing: Blackstone Group is set to close on a $750 million refinancing on its 704,159-square-foot, 21-story office and lab Center for Life Science building in Boston, according to a Securities and Exchange Commission filing for a new commercial mortgage-backed securities offering. Morgan Stanley Bank and Citi Real Estate Funding are providing the five-year fixed-rate, interest-only loan. A $610 million portion of the loan is being rolled into CMBS deal BX 2022-CLS. The property and land were appraised at $1.5 billion.
Strong Tenancy Aids Blackstone Office Refinancing, Huge Loss on St. Louis Office Loan, $1 Billion Luxury Hotel Portfolio in Play
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CoStar News
October 6, 2022 | 2:28 P.M.
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IN THIS ARTICLE
- Properties
- Montage Laguna Beach
30801 South Coast, Laguna Beach, CA
- Center For Life Sciences Boston
3 Blackfan Cir, Boston, MA
- AT&T Tower
909 Chestnut St, Saint Louis, MO
- Four Seasons Resort and Residences Jackson
7680 Granite Loop Rd, Teton Village, WY
- Four Seasons Scottsdale
10600 Crescent Moon Dr, Scottsdale, AZ
- Companies
- Strategic Hotels & Resorts
Real Estate