Monday, May 27, 2013

Top Shelf Seagram Bldg. at Center of Pro Forma Dust-Up Between Ratings Agencies




National Commercial Real Estate News From CoStar Group





Top Shelf Seagram Bldg. at Center of Pro Forma Dust-Up Between Ratings Agencies



Considered to be one of the premier office buildings in Manhattan, with superior amenities, location and architecture, the Seagram Building at 375 Park Ave. continually achieves some of the highest rents per square foot in the country. But its projected future performance has sparked a bit of feud in the bond underwriting world. At the center of the debate is the use of "pro forma" or projected increases in occupancy rates and rents and how they...









Seagram Building: Top Shelf or Not?



Considered to be one of the premier office buildings in Manhattan with superior amenities, location and architecture, the Seagram Building at 375 Park Ave. continually achieves some of the highest rents per square foot in the country. But its projected future performance has sparked a bit of feud in the bond underwriting world.

The iconic New York City office building backs a new single large loan CMBS deal: Citigroup Commercial Mortgage Trust...






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