Another deal for EY Plaza fell apart, leaving the downtown office tower on the market and looking for a third taker. “The approved buyer declined to proceed with the transaction, and a new buyer is being identified,” according to servicer commentary via Morningstar Credit dated early April. The undisclosed buyer was selected out of a pool offering more than $100 million, The Real Deal recently reported, noting a deal could collapse. Approvals were obtained then, and the would-be buyer was provided with a loan sale agreement and a joint escrow instruction letter. The draft agreement called for a 45-day due […]
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