Boston Properties $2.3B Refinancing of General Motors (GM) Building in New York City

Representation of Boston Properties, Inc. in connection with the $2.3B refinancing of the General Motors (GM) Building, a 50-story office tower at 767 Fifth Avenue in New York City thought to be among the most valuable office properties in the world, through a 10-year, fixed-rate loan that replaces a $1.6 billion loan package. Boston Properties paid a record $2.9 billion for the trophy asset in 2008 and the loan for this refinance is the largest in New York City since the acquisition of Stuyvesant Town-Peter Cooper Village by Blackstone Group L.P. in 2015.