Carolwood’s deal to purchase EY Plaza for $130 million fell through. The office tower is coming back to market, a source familiar told The Real Deal. Servicer commentary indicated it was “unable to negotiate acceptable documentation with the selected buyer,” according to Morningstar. A month earlier, the special servicer said a buyer was selected, approvals were obtained, documentation had commenced and a closing was expected soon. The sale to the Adam Rubin and Andrew Shanfeld-led firm still would have been less than the $275 million commercial mortgage-backed securities debt connected to the 41-story office building that was placed in receivership […]
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