Thursday, January 14, 2010

Second & Seneca asking for debt restructuring

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.

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