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 ]
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This season, celebrities venture into the kitchen, baked goods get their due, and the rich and varied flavors of the South shine. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-06-14 04:00:00 UTC ]
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Fall books focus on Black activism, Indigenous resistance, the Iranian hostage crisis, professors who became spies, and race and the Supreme Court. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-06-14 04:00:00 UTC ]
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Fall brings a fresh crop of suitably autumnal cozy fantasies and gothic horror alongside some hotly anticipated sequels from TJ Klune, Chloe Gong, and others. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-06-14 04:00:00 UTC ]
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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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This season’s crop includes new books from bestseller list mainstays, inquiries into the limits of AI, and explorations of animal communication. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-06-14 04:00:00 UTC ]
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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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Christmas romances are a staple of the season, but this fall also brings some love stories appropriate for Halloween, featuring magic, monsters, and even a couple of mortuaries. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-06-14 04:00:00 UTC ]
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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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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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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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Amazon Prime Day 2024 is coming soon, and if history is any indication, it will bring a swath of discounts on everything from gadgets to clothes to household necessities. If you’re a Prime member, you’ll have access to all of the Amazon Prime Day deals, which is great in theory, but it will... Continue reading at Engadget
[ Engadget | 2024-06-13 17:21:33 UTC ]
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Still looking for the perfect Father's Day gift? This list should satisfy fathers of all types. Geek dads! Punk dads! Military history dads! No dad stone has been left unturned. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-06-13 04:00:00 UTC ]
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Pete the Cat, Goosebumps, a Little Mermaid Adventure, and More in Today's Best Children's Book Deals Continue reading at Book Riot
[ Book Riot | 2024-06-12 15:45:03 UTC ]
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This year’s Amazon Prime Day is coming soon, so it’s a good time to start thinking about the things you’ll want to look for once the deal wave hits. Everything from gadgets to clothes to household necessities will be on sale during the event, and if you’re a Prime member, you’ll have access to... Continue reading at Engadget
[ Engadget | 2024-06-12 14:55:47 UTC ]
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This year’s Amazon Prime Day is coming soon, so it’s a good time to start thinking about the things you’ll want to look for once the deal wave hits. Everything from gadgets to clothes to household necessities will be on sale during the event, and if you’re a Prime member, you’ll have access to... Continue reading at Engadget
[ Engadget | 2024-06-11 14:28:43 UTC ]
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Meddling gods and magic drama in New Orleans, a fresh spin on Jane Eyre, a Dollywood romance, and more of today's best YA book deals. Continue reading at Book Riot
[ Book Riot | 2024-06-08 11:00:00 UTC ]
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Amazon Prime Day 2024 is coming soon, and if history is any indication, it will bring a swath of discounts on everything from gadgets to clothes to household necessities. If you’re a Prime member, you’ll have access to all of the Amazon Prime Day deals, which is great in theory, but it will... Continue reading at Engadget
[ Engadget | 2024-06-06 19:28:08 UTC ]
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BNN Breaking had millions of readers, an international team of journalists and a publishing deal with Microsoft. But it was just an A.I. chop shop. Continue reading at The New York Times
[ The New York Times | 2024-06-06 04:00:25 UTC ]
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Saving the family bakery, an illustrated intro to Greek mythology, 400 pet chickens, and more of today's best children's book deals. Continue reading at Book Riot
[ Book Riot | 2024-06-05 14:45:52 UTC ]
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The Walt Disney Company has announced a new children’s book program, Planet Possible Books, on World Environment Day, June 5. The program will publish three to four books a year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-06-05 04:00:00 UTC ]
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