According to a report in the New York Post by Steve Cuozzo, the rent roll for 85 Tenth Avenue in Manhattan is about to change dramatically. It appears that Google will be leasing 360,000 square feet in the roughly 600,000 square-foot building. The office building was built in 1913 and is owned by Related. The property backs $226 million of senior CMBS debt split across two 2007 deals. A $150 million piece represents 6% of COMM 2007-C9, and a $76...

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GRANITO is pleased to expand into NICE, FRANCE by adding to its team tri-lingual Dr. Virginia Intorcia, a professional fundraiser with a focus on corporate social responsibility projects (CSR). Dr. Intorcia's interests center on strategic communication and promotion of CSR projects in connection with cultural and social events, with a particular focus in the art industry. She has been actively involved in various projects in the US, Italy and France  dealing with the establishment and development of public and institutional relations,...

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The $54 million Sheraton at Newark loan went 30 days delinquent for the first time this month according to servicer data. The loan has fluctuated between current and in the grace period since securitization in 2006. The note is due to mature in July 2016 and currently backs 2.4% of JPMCC 2006-CB17. The 12-story, 505-room, full-service hotel Sheraton at Newark is actually now a Double Tree Hilton that has under-performed according to WatchList commentary. DSCR for the first three quarters of 2013 came in at...

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GRANITO assists SMEs across Europe in identifying possible sources of funding to support the entrepreneurial initiatives through traditional and non-traditional channels of funding. Moving beyond banks in an economic environment where traditional banking sources have dried up, GRANITO provides guidance for accessing national and EU funds and uses CrowdFunding as an additional alternative. According to some sources, more than 50% of the available CrowdFunding platforms are based in Europe, with progressive initiatives being utilized to take full advantage of the public...

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