Lenders made another billion-dollar bet on the Manhattan market office in November, the latest vote of confidence in the borough’s top-tier towers. Deutsche Bank Center landed the month’s marquee deal, a $1.1 billion CMBS loan from German American Capital Corporation and Wells Fargo. The fully leased Lincoln Square office tower is owned by a joint venture that includes Related Companies and sovereign wealth funds from Singapore and Abu Dhabi. Deutsche Bank occupies more than 93 percent of the former Time Warner Center under a 20-year lease. Elsewhere in the borough, lenders doled out dollars to apartments, specialty medical buildings and […]
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