The next single-asset CMBS to hit the market is backed by the land under an iconic Manhattan address known as the Lipstick Building.

Not the actual building, which was designed by Philip Stark and has an elliptical shape that sets back from the street at several levels, resulting in a form that looks as though it could retract telescopically. Just the land underneath it.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.