SL Green’s 1515 Broadway downgraded as owner smarts from casino bid loss
SL Green’s 1515 Broadway in Times Square last year lost out in the race for casino projects, and the property has more losses in sight. Credit agency S&P Global downgraded SL Green’s property in a report this week, Crain’s reported. The landlord said it has concerns that the 57-story, 1.7 million-square-foot tower could lose its fully occupied status as its lone tenant, Paramount Global, is looking to downsize after it was sold to Skydance Media last year. The $675 million mortgage backing the building is slated to mature in two years, but S&P is already flashing warning lights about SL […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
America’s Top Architects: Anderson Studio Embraces The
Scenic Challenge Of A South Carolina Barrier Island
Summit clears violations, but City Hall’s enforcement
playbook is the real story
Kneejerk opponents wonder why they don’t get early
notice
How New York’s proposed ban stacks up in states’ fight over
private listings
NYC’s top deals: CSC Real Estate buys Yorkville office for
$64M
Billionaire Kwek Leng Beng’s CDL Outbids Rivals With $422
Million Offer For Prime Singapore Site
Technology Helping Address Construction Labor
Shortage
Pocket listings face another setback as New York advances
crackdown
Brandon Miller’s East Village project lands first office
tenants
Your Pool Is an Asset—It’s Also a Lawsuit Waiting to
Happen
