RFR falls 90 days behind on mortgage at Union Square tower

RFR Holding is more than 90 days delinquent on the mortgage for 90 Fifth Ave., according to Fitch Ratings, the latest sign of mounting strain for the developer fighting eviction from the Chrysler Building.The 140,000 square-foot building at the corner of West 14th Street is a small part of RFR’s 3 million square-foot portfolio, whose star is the fully occupied Seagram Building. Unfortunately for owners Aby Rosen and Michael Fuchs, the rest of their portfolio seems to be too much of the wrong stuff. Crain’s has reported that 11 of their 14 Manhattan office buildings are either battling foreclosure actions, struggling with steep vacancy rates or facing possible mortgage defaults. RFR’s woes come at a time when there is evidence Manhattan’s office recovery is extending beyond Park Avenue’s tony towers to the boxy glass post-war buildings along Third Avenue and to certain pre-wars in Midtown South. At least Rosen’s and Fuchs’s misery has plenty of company.Delinquencies of 90 days or longer were 2.7% of commercial-property loans in the third quarter, up from 2.5% in the second, the Mortgage Bankers Association reported this week. Delinquency rates fell for retail, lodging and industrial properties. They rose for office, said the MBA’s head of commercial real estate research, Jamie Woodwell. Workout rooms haven’t been so busy since shopping-mall loans fell apart en masse last decade. In August, nearly 8.5% of securitized office mortgages were in special servicing, the most in... Continue reading at 'Crains New York'

[ Crains New York | 2024-10-25 17:48:58 UTC ]
News tagged with: #moved recently #lease expires #city agencies #tax payments #$1 billion #debt due #sl green #cooper union #operator failed #happier times #city records #jamieson properties #preferred equity #korean investors #mezzanine loans #magazine publisher

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RFR falls 90 days behind on mortgage at Union Square tower

[ Crains New York | 2024-10-25 17:48:58 UTC ]
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Amazon Prime Big Deal Days dates announced: The fall Prime Day sale returns on October 8 and 9

We knew Amazon would revive its Prime Big Deal Days sale event this fall, but we didn’t know the exact dates until today. The online retailer announced that the sale event will return this year on October 8 and 9, giving us all the more reason to call it October Prime Day as we have done in... Continue reading at Engadget

[ Engadget | 2024-09-17 05:03:56 UTC ]
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Workers at Barnes & Noble in Manhattan's Union Square vote to unionize, continuing trend

Workers at the Barnes & Noble in Manhattan’s Union Square, one of the retail chain’s signature stores, have voted to unionize Continue reading at ABC News

[ ABC News | 2023-06-08 00:38:28 UTC ]
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‘The advertising industry is a day-to-day unrelenting grind’: Why agencies should unionize

Agencies aren't unionized. As unionization among digital media companies continues to grow the question of why collective bargaining is happening agencies remains. The post ‘The advertising industry is a day-to-day unrelenting grind’: Why agencies should unionize appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2019-06-13 04:01:37 UTC ]
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Newsroom unions’ return to office negotiations heat up as fall approaches

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[ Digiday | 2023-08-28 04:01:00 UTC ]
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Wowing Young Readers: Close-up on Union Square Kids

It’s full steam ahead for Union Square Kids. The publisher’s dynamic line of children’s, middle grade, and YA titles includes well-established authors and illustrators and new voices alike. Editorial director Tracey Keevan shares the vision behind Union Square Kids, its publishing aspirations,... Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-05-11 04:00:00 UTC ]
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Surprising and Inspiring Readers: Close-up on Union Square & Co.

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[ Publishers Weekly | 2022-05-11 04:00:00 UTC ]
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Snow Days 2022: Unions Are About Dignity, Respect

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[ Publishers Weekly | 2022-03-09 05:00:00 UTC ]
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Barnes & Noble Unveils Union Square & Company

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[ Publishers Weekly | 2022-01-07 05:00:00 UTC ]
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Fourth Estate falls for Day's Failosophy

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[ The Bookseller | 2020-06-05 02:50:51 UTC ]
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Testimonies From the Day the Towers Came Down

The audiobook of Garrett M. Graff’s “The Only Plane in the Sky” offers vivid memories of people who were present at the 9/11 tragedy. Continue reading at The New York Times

[ The New York Times | 2019-11-12 10:00:05 UTC ]
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Vox Union Reaches Accord With Publisher a Day After Walkout

Vox Media staffers reached a tentative labor agreement with the online publisher Friday after a marathon 29 hours of negotiation Continue reading at Editor & Publisher

[ Editor & Publisher | 2019-06-10 15:08:23 UTC ]
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SIBA To Try a Consumer Day At Its Fall Show

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[ Publishers Weekly | 2015-09-04 00:00:00 UTC ]
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Time Inc. falls in first day of trading

Time Inc. shares fell, marring the first day of trading after a spinoff from Time Warner Inc., on concern that the company's singular focus on magazines will hinder growth prospects as demand for... To view the full story, click the title link. Continue reading at Crains New York

[ Crains New York | 2014-06-09 00:00:00 UTC ]
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The best Prime Day deals to shop for on the last day of Amazon's Big Deal Days sale: Apple, Anker, Sony and more

October Prime Day 2024 has given Prime members another opportunity to save one some of our favorite tech and maybe even snag some holiday gifts early and for less. If you checked out Amazon's site yesterday or today, you may have quickly gotten overwhelmed by the volume of deals — we wouldn't... Continue reading at Engadget

[ Engadget | 2024-10-09 23:00:18 UTC ]
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The best Prime Day deals you can still get after the October Big Deal Days sale: Apple, Anker, Sonos, Lego and more

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[ Engadget | 2024-10-10 14:00:36 UTC ]
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Amazon Prime Day 2024: The best deals we found from Apple, Anker, Sony, Lego and others before October Big Deal Days ends tonight

October Prime Day 2024 is half over but you can still save thanks to a slew of deals across the entirety of Amazon’s online storefront. Props to you if you came prepared with a wishlist of items you hope to buy on sale, because it can be easy to get distracted by the thousands of other deals... Continue reading at Engadget

[ Engadget | 2024-10-09 15:14:28 UTC ]
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Amazon Prime Day deals are available to shop before October Big Deal Days starts tomorrow

Amazon Prime Big Deal Days is back this year, returning on October 8 and 9. The “fall Prime Day” of sorts has served as the online retailer’s unofficial kickoff to the holiday shopping season for the past few years. We expect most of the deals to be Prime exclusives, meaning you must be an... Continue reading at Engadget

[ Engadget | 2024-10-07 21:00:14 UTC ]
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Amazon Prime Day 2024: We found the best early deals to shop before October Big Deal Days

The Amazon Prime Big Deal Days event is coming up in a few days, so it’s time to start thinking about what you may want to snag at a discount during the sale. Some may shudder at the thought of holiday shopping already, but if you pay the $139 annual fee for Prime, these sale events are a great... Continue reading at Engadget

[ Engadget | 2024-10-06 13:12:09 UTC ]
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