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Term Sheet: 777 Tower’s short sale; NYU Stern calls for green financing action; Northwind inks rare office deal
The Downtown Los Angeles office market is gaining some clarity with Brookfield’s slated $145 million sale of 777 Tower following a $289 million debt default; NYU’s Stern Center calls for more green financing and decarbonization action from borrowers and lenders as regulatory pressure looms; Northwind Group places a rare bet on office with Jersey City asset financing amid broad sector headwinds; and more in today’s Term Sheet, exclusively for our valued subscribers.
