Steven Durels: We’re in active term sheet negotiation with four different tenants right now covering let’s see, about 200,000 square feet of space. It’s a mix between tech, fintech type tenants I would say, is sort of the dominant theme there. All of the rents that are being discussed are at or above underwrite. And I’m not going to get too far out of them, but other than to say that I feel really positive about our prospects on at least two or three of those tenants. And hopefully, we’ll have more to report if not by the end of the year then very shortly thereafter.
Peter Abramowitz: Got it. Thanks, Steve. And then one other. Just as we kind of look forward in our model, thinking about ’24, just a reminder, in terms of the moving parts, any large expirations to think about in the portfolio or no move-outs?
Steven Durels: Two things. I would say that we have, I think, absolute transparency on all of the expirations in ’24 and probably even into ’25, quite frankly, as to whether or not tenants are staying or going, certainly the tenants of size, all of those are built into our current projections in the budgets that we’re building currently building for next year. The only one that may be new news to people is CBS downside, they renewed and then downsized a little bit of 555 but it’s not really moving the needle anywhere.
Peter Abramowitz: All right. That’s helpful. Thank you.
Operator: Thank you. One moment for our next question. Our next question comes from the line of Ronald Kamdem from Morgan Stanley.
Ronald Kamdem: Congrats, Matt, on a great job. Just really quickly, my two quick ones is, so seven day and 185 Broadway, I think were previous planned sales. I know the loans maturing this quarter. What’s the update there? Are you most likely to extend the loan on that — on those two assets?
Matthew DiLiberto: With respect to the debt, we are very close to finalizing a multiyear extension there on very favorable terms. So we’ll be wrapping that up, hopefully, shortly. And then with respect to the joint venture partnership, we’re in active negotiations and discussions with groups that they’re very interested in resi product. There’s a lot of interest we’re seeing throughout the globe on that, and we’ll be looking to get something done there soon after we wrap up the debt.
Ronald Kamdem: Great. And then just coming back to the — I think last quarter, you talked a lot about a potential JV at One Vanderbilt. Just was wondering if we’ve had obviously a pretty big rate move. Maybe can you provide just a little bit more sort of color on your thinking there? Is it still the same size? Have new investors come in, investors dropped out just what sort of happened in the past over a month or two with the rate move and how that’s impacting the conversations in your thinking there on One Vanderbilt?
Marc Holliday: I think for foreign investors who have an appetite for core product, it almost makes the assets stand out as one of one, if you will, in terms of two or three attributes that are almost unequal anywhere in the country. It’s got size, it’s got very long weighted average lease term. It has incredibly favorable locked in and low-rate debt for, I think, another 8 or 8.5 years. It’s obviously — it’s a great building. And I think as the rates are moving up, it’s differentiated as — I’m going to say, one of — I won’t say the only, but certainly one of the best core investments that people with core money can put to work the remainder of this year or early ’24, whenever we get that deal done, we’re working hard on it.
