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Lease Expirations Cloud Prospects for New York Office Loan, Ratings Firms Keep Eye on Google, DC Office Decisions Bolster Bondholders

A Weekly Look at the Commercial Mortgage-Backed Securities Business
David Werner Real Estate faces a loan maturity next month for 150 E. 42nd St. in New York. (CoStar)
David Werner Real Estate faces a loan maturity next month for 150 E. 42nd St. in New York. (CoStar)
CoStar News
August 8, 2024 | 2:03 P.M.

Lease Expirations Cloud Prospects for New York Office Tower Loan: Landlord David Werner Real Estate faces the daunting task of trying to refinance a $525 million office building loan due next month where leases are set to expire for 89% of the tenants over the next four years.

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