Originally part of the EOP transaction, Second & Seneca traded hands 4 times (Zell->Blackstone->Archon (GS)->Tishman), very quickly, ending up in Tishman's hands. For some reason that is not working out so well, and Tishman is attempting to restructure the debt.
More bad news for BACM 2007-3 - see prior post on Renaissance Mayflower.
Savanna Sells 80 Broad for $173M
23 hours ago