The five B-Pieces that Morgan Properties acquired had a total face amount of $400 million. Additionally, $674 million, or 13% of the total unpaid principal balance were loans where Morgan Properties was also the underlying borrower.
WeWork’s fall has brought reflection to stakeholders across the property technology industry, which is now heightened as founders of the co-working firm aim to buy themselves back or find a new investor.
The 96,000-square-foot building is mostly occupied by Thomas Jefferson University Hospitals Inc. (Jefferson Health) under a long-term lease.
The new Storage Post Haledon Self Storage facility is located at 45 Kossuth St. and originally operated as a schoolhouse beginning in 1894, but was converted to a self-storage facility in 1994.
Long Ridge is located on 1,660 acres and includes a 485 MW power plant currently under development, nearly 300 acres of available flat land, two barge docks on the Ohio River, a unit train capable loop track and direct truck access to Ohio Route 7.
Located between Fifth and Sixth Avenues, the 1920-built property was refinanced with a 10-year, fixed-rate refinancing through a life insurance company.
What is known as the WeWork phenomenon, where companies have essentially adopted flex space and layered on amenity offerings, has become far-reaching, beyond start-ups to corporate America.
In this exclusive video from the show floor at the ICSC Deal Making Conference, the folks of Lee & Associates take us on a “talking tour” of New York City’s retail outlook.
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