Deutsche Bank, Goldman Sachs and Brookfield are providing the debt.

“The address is CBS” was once the television network’s slogan. Now, the CBS Building’s location at 51 West 52nd Street is also the address of the latest mega-office financing to close in New York City. 

Harbor Group International (HGI) just closed on its $760 million acquisition of the trophy office property — also known as Black Rock — with a $558 million commercial mortgage-backed securities (CMBS) financing, sources close to the transaction told Commercial Observer. 

Read More 

About HGI

Harbor Group International (HGI) is a leading global real estate investment and management firm. With $16.3 billion in real estate investment properties, the firm invests in and manages diversified property portfolios including office, retail, and multifamily properties. With over 36 years of experience in the industry and approximately 1,380 employees worldwide, HGI continues to look for real estate investment opportunities.

Read More

 

 

Harbor Group International controls $16.3 billion in real estate investments and is constantly exploring real estate investment opportunities in the worldwide market.