Bonds

NYC’s Rockefeller Center Seeks $3.4 Billion in Commercial Mortgage Bond Deal

Represents the biggest single-item deal since Extended Stay
Proceeds to be used to refinance $3 billion in existing debt

Rockefeller Center in New York.
Photographer: Daniel Acker/Bloomberg

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By Immanual John Milton, Carmen Arroyo, and Scott Carpenter

October 16, 2024 at 7:47 PM UTC

This article is for subscribers only.

The owners of Rockefeller Center, the site of New York City’s iconic Christmas tree and Radio City Music Hall, are refinancing the office and retail space with one of the largest commercial mortgage bonds in the last decade.

Affiliates of real estate company Tishman Speyer and investment firm Henry Crown & Co. are selling $3.4 billion of commercial mortgage-backed securities in a deal that’s expected to price Thursday, according to a source familiar with the matter.