Judge Tosses DekaBank’s $17.2MM Repair Claim Against Blackstone at 315,000 SQFT Exchange Building in Seattle, Lets $30MM Guaranty Fight Proceed

A New York court has thrown out DekaBank's bid to make a Blackstone fund pay for projected repairs at Seattle's half-empty Exchange Building, but the German lender can still pursue at least $30 million under a carry guaranty that sits at the center of a stalled handback of the 1929 Art Deco tower.