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Blackstone has obtained a $850 million CMBS loan to acquire a 49 percent stake in Fisher Brothers’ 1345 Avenue of the Americas, a 1.9 million-square-foot office tower in Midtown Manhattan, according to Commercial Observer. Morgan Stanley, together with Citigroup and JPMorgan Chase, formed the lending syndicate.

This minority ownership stake has changed hands a few times in the past 12 years. In 2013, National Burk Carriers sold a 49 percent interest in 605 Third Ave. and 1345 Avenue of the Americas to Rockpoint Group, The Real Deal reported. The deal valued the two assets at $2.1 billion.