trending Market Intelligence /marketintelligence/en/news-insights/trending/qv1cmcqz9hz2tz2c6-f_ow2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: HNA, partners obtain US$342M loan for NYC office tower

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Report: HNA, partners obtain US$342M loan for NYC office tower

Chinese conglomerate HNA Group Co. Ltd. and partners MHP Real Estate Services and ATCO Properties & Management Inc. refinanced the 21-story office tower at 850 Third Ave. in New York City with a new US$342 million loan, The Real Deal reported, citing unnamed sources.

Sources told the publication that French bank Natixis, office real estate investment trust Paramount Group Inc. and asset manager Harbor Group International provided the floating-rate loan, which includes mezzanine financing of US$75 million from Paramount and US$25 million from Harbor Group.

The short-term financing supersedes an existing Morgan Stanley loan package, which totaled US$238 million when the partners bought the property for US$463 million in 2016.

The 617,000-square-foot building is undergoing major renovation, and it is expected to be nearly one-third vacant when anchor tenant Discovery Communications vacates its roughly 190,000-square-foot space in May 2020.

Newmark Knight Frank brokered the loan.

The property owners were not available for comment, according to the publication.