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February 01, 2019  

The Grapevine

Landesbank Baden-Wurttemberg originated a $167 million loan on the office property at 61 Ninth Avenue in Manhattan this week. The bank is expected to syndicate some portion of the floating-rate mortgage, which runs seven years. The property is owned by Vornado Realty and Aurora Capital Associates, both of New York. They began shopping for the financing around the end of the summer, via JLL. The 165,000-square-foot building, completed last year,...

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