CalPERS Offered Massive Loan from Deutsche Bank on NY Office
Posted on 02/10/2016
The California Public Employees’ Retirement System (CalPERS) is moving forward on its US$ 1.9 billion acquisition of a Manhattan office property, 787 Seventh Avenue in New York City. CalPERS acquired the 54-story office tower from AXA Financial on January 27, 2016. Deutsche Bank offered a US$ 780 million first mortgage to fund the purchase. AXA […]
