Scott Rechler’s RXR Realty and investor David Werner refinanced their 5 Times Square office tower with a $1.4 billion debt package from Morgan Stanley. The new debt replaces the original building loan, also worth $1.4 billion, which had been securitized in two pieces. Public records show RXR Realty refinanced $782M of that existing loan at the address, the headquarters of the Ernst & Young accounting firm. But a source who spoke with the Commercial Observer […]


Source: trdnews

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