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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No fooling: FanDuel fined for taking bets on April Fool's Day on events that happened a week before

The FanDuel sports book took bets on some mixed martial arts fights on April 1, 2022 Continue reading at ABC News

[ ABC News | 2024-07-10 19:26:18 UTC ]
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Amazon's Kindle Scribe drops to a new record-low ahead of Prime Day

Amazon Prime Day doesn’t officially start until July 16, but early deals have been trickling in for days. For instance, the well-reviewed Kindle Scribe e-reader is on sale for $235 and includes the company’s Basic Pen stylus thingamajig. All told, that’s a discount of $105, making this a... Continue reading at Engadget

[ Engadget | 2024-07-10 16:09:55 UTC ]
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Always Running: Luis J. Rodríguez’s memoir of gang days in LA is as relevant today as it was 30 years ago

Many of the book’s themes, including structural racism, inequalities and poverty are as topical now as 30 years ago. Continue reading at The Conversation

[ The Conversation | 2024-07-08 15:26:53 UTC ]
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The Best YA Book Deals of the Day for July 6, 2024

It's a bumper crop of YA book deals, with something for every kind of reader. Grab horror, fantasy, short stories, and more on the cheap. Continue reading at Book Riot

[ Book Riot | 2024-07-06 14:00:00 UTC ]
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Children's Books for Fall 2024: All Our Coverage

Our fall 2024 Children’s Preview issue spotlights innovate approaches to getting kids jazzed about reading, our comprehensive A–Z listings of children’s and YA titles being released between August 1 and January 31, and more. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-07-05 04:00:00 UTC ]
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This Kindle Unlimited early Prime Day deal gives you a free three-month subscription

It's July, and that means Amazon Prime Day is just around the corner. We're seeing a lot of early Prime Day deals ahead of July 16, and the latest offer coming from within Amazon's umbrella is for the readers out there. Prime members can now lock in three months of a free Kindle Unlimited... Continue reading at Engadget

[ Engadget | 2024-07-03 19:58:56 UTC ]
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Book Riot’s Children’s Deals of the Day for July 3, 2024

An environmentalist mermaid, a cookbook for young scientists, the story of an Olympic champion, and more of today's best kids' book deals! Continue reading at Book Riot

[ Book Riot | 2024-07-03 15:05:00 UTC ]
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Prime members can get Audible free for three months ahead of Prime Day

Amazon Prime Day is later this month, and the retailer has been promoting the big sale with additional discounts with early Prime Day deals. Right now, members of Amazon Prime can snag three months of an Audible Premium Plus subscription for free. This deal runs through July 31. After the... Continue reading at Engadget

[ Engadget | 2024-07-02 20:42:45 UTC ]
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Book Riot’s Deals of the Day for July 2, 2024

A Rastafarian memoir for fans of Educated, a final girls thriller, a love letter to bookstores, and more of today's best book deals. Continue reading at Book Riot

[ Book Riot | 2024-07-02 15:05:00 UTC ]
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The First American Union Understood The Necessity of Public Libraries and Education: Book Censorship News for June 28, 2024

In an era before public libraries and widespread public education, the first U.S. union knew their importance. That, plus this week's book censorship news. Continue reading at Book Riot

[ Book Riot | 2024-06-28 13:00:00 UTC ]
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The Best Children’s Book Deals of the Day for June 26, 2024

Winnie-the-Pooh, Olympic childhoods, a magical janitor's closet, and more of today's best children's book deals. Continue reading at Book Riot

[ Book Riot | 2024-06-26 15:22:00 UTC ]
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Book Riot’s Children’s Deals of the Day for June 19, 2024

Wayward magical girls, a celebration of boys' friendship, iconic Black heroes, and more of today's best children's book deals. Continue reading at Book Riot

[ Book Riot | 2024-06-19 14:47:50 UTC ]
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Union Strikes Outside U.S. Office of Oxford University Press

Roughly 30 members of the Oxford University Press USA Guild held a strike outside the publisher's U.S. headquarters in Manhattan on June 18 over stalled contract negotiations and allegations of labor law violations. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-06-18 04:00:00 UTC ]
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Saturday Books, Imprint with New Adult Focus, to Launch Next Fall at Macmillan

Sara Goodman and Eileen Rothschild, VPs and editorial director and associate publisher, respectively, at the young adult imprint Wednesday Books, will also head up Saturday, which will publishing 10–12 titles annually for readers aged 18–30. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-06-17 04:00:00 UTC ]
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Book Riot’s YA Book Deals of the Day for June 15, 2024

A pop punk queer romance, enemy witches, a queer paranormal read with Scooby-Doo vibes, and more of today's best YA book deals. Continue reading at Book Riot

[ Book Riot | 2024-06-15 10:30:00 UTC ]
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Fall 2024 Preview: Politics & Current Events

America’s rightward drift, reproductive healthcare in a post-Roe world, and players behind the January 6 Capitol attack feature in this fall’s noteworthy titles. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-06-14 04:00:00 UTC ]
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Fall 2024 Preview: Politics & Current Events

America’s rightward drift, reproductive healthcare in a post-Roe world, and players behind the January 6 Capitol attack feature in this fall’s noteworthy titles. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-06-14 04:00:00 UTC ]
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Fall 2024 Adult Preview: Literary Fiction

Among this fall’s noteworthy titles are novels by Rachel Kushner, Richard Price, and Elizabeth Strout about people grasping for a sense of community in a changing world. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-06-14 04:00:00 UTC ]
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Fall 2024 Adult Preview: Business & Economics

The misdeeds of the über-wealthy, the histories of famous brands, strategies for avoiding burnout, and the nuts and bolts of starting a new business are among the topics covered in this season’s offerings. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-06-14 04:00:00 UTC ]
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Fall 2024 Adult Preview: Mysteries & Thrillers

This season, 50 Cent tries his hand at fiction, big names including Walter Mosley and Karin Slaughter return with fresh cases to crack, and a new class of crime writers comes into its own with a diverse slate of sophomore novels. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-06-14 04:00:00 UTC ]
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