A commercial mortgage recapitalization stemming from JMB Realty’s re-acquisition of the 1999 Avenue of the Stars office center in Los Angeles is the key component of Goldman Sachs’ new $1.08 billion CRE mortgage securitization.

GS Mortgage Securities Trust 2017-GS7 includes a $137.3 million portion of an overall $541 million debt package of pari passu and mezzanine loans as well as costs associated with the Chicago-based real estate developer’s spring 2017 buyout of The Blackstone Group’s controlling interest in the 39-story tower. The building, also known as the SunAmerica Center, is located in the tony Century City office submarket.

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