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
Patricia Day Stein, who was v-p and co-founder of the book publisher Stein and Day with her then husband Sol Stein, died on July 16 in Sleepy Hollow, N.Y., of natural causes. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-07-31 00:00:00 UTC ]
More news stories like this |
The New York Times will fire 21 union employees starting today, according to the union, exceeding the total number of job cuts the newspaper publisher had originally said was needed to reduce costs.New York Times Co. had accepted the buyout applications of 57 union employees and almost 30... Continue reading at Advertising Age
[ Advertising Age | 2014-12-17 00:00:00 UTC ]
More news stories like this |
Amazon.co.uk will begin its Boxing Day sales on Christmas Day this year, responding to the fact... Continue reading at The Bookseller
[ The Bookseller | 2012-12-17 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#christmas day
Written By: Philip Stone Publication Date: Wed, 31/08/2011 - 15:20 David Nicholls' One Day (Hodder) has broken the record for the biggest ever weekly sale from an adult-readership novel in the month of August. Across all print editions, One Day sold 92,336 copies at UK booksellers in the seven... Continue reading at The Bookseller
[ The Bookseller | 2011-08-31 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#dan brown
#uk booksellers
#print editions
#weekly sale
#day hodder
#previous record
#27th august
The Retail, Wholesale and Department Store Union organized a rally outside the Barnes & Noble flagship store in New York City’s Union Square on November 14 in an effort to push the company into resolving disagreement on wages and reaching a contract with workers by the end of the year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-11-15 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#bookstore
#barnes
#union square
The Shanghai Children's Book Fair expects 45,000 visitors and opens its professional programming organized in cooperation with the Bologna Book Fair. The post Opening Day Programs at Shanghai’s Children’s Book Fair appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-11-14 22:18:38 UTC ]
More news stories like this | News stories tagged with:
#children’s book
#children's book
#bologna book
#book fair
Black queer girl superpowers, a classic middle grade mystery, a magical library, and more of today's best children's book deals. Continue reading at Book Riot
[ Book Riot | 2024-11-13 15:45:00 UTC ]
More news stories like this | News stories tagged with:
#children’s book
#children's book
#book deals
Cursed boys, illegal love potions, a teenage Ida B. Wells, and more of today's best YA book deals. Continue reading at Book Riot
[ Book Riot | 2024-11-12 16:12:00 UTC ]
More news stories like this | News stories tagged with:
#ya book
Projects for young scientists, magical libraries, a celebration of fry bread, and more of today's best children's book deals. Continue reading at Book Riot
[ Book Riot | 2024-11-06 15:53:00 UTC ]
More news stories like this | News stories tagged with:
#children’s book
#children's book
#young scientists
#book deals
A deadly road trip, a trans Pride and Prejudice retelling, K-pop competition horror, and more of today's best YA book deals. Continue reading at Book Riot
[ Book Riot | 2024-11-05 15:16:00 UTC ]
More news stories like this | News stories tagged with:
#ya book
Halloween with Curious George, the Great Migration historical fiction, ghosts at the ranch, and more of today's best children's book deals! Continue reading at Book Riot
[ Book Riot | 2024-10-30 14:46:00 UTC ]
More news stories like this | News stories tagged with:
#children’s book
#children's book
#curious george
#book deals
An Arthurian Retelling, Historical Fiction Set in Malaysia, a Queer Magical Romance, and More in Today's Best YA Deals Continue reading at Book Riot
[ Book Riot | 2024-10-29 16:31:00 UTC ]
More news stories like this | News stories tagged with:
#ya book
#historical fiction
#ya deals
An anthology of holiday horror, Arthurian retellings, a memoir + whodunit, and more of today's best book deals Continue reading at Book Riot
[ Book Riot | 2024-10-29 15:56:42 UTC ]
More news stories like this | News stories tagged with:
#anthology
#memoir
#book deals
Our friends at AudioFile magazine recommend the best fall audiobooks, from Sally Rooney’s buzzy new Intermezzo to a delicious memoir from actor Stanley Tucci, plus Earphones Award–winning audiobooks from Rumaan Alam, Liane Moriarty, Rachel Kushner, and more. This is listening to settle in with.... Continue reading at The Millions
[ The Millions | 2024-10-29 12:00:00 UTC ]
More news stories like this | News stories tagged with:
#memoir
#rachel kushner
#liane moriarty
#rumaan alam
#sally rooney
A Spooky Graphic Novel Jane Austen Retelling, The Best Life Book Club, Academic Magic in Scotland, and More in Today's Best Book Deals Continue reading at Book Riot
[ Book Riot | 2024-10-26 12:00:00 UTC ]
More news stories like this | News stories tagged with:
#graphic novel
#book deals
LeasesPublishing house inks Midtown South leaseAddress: 1359 Broadway, ManhattanLandlord: Empire State Realty TrustTenant: Bloomsbury PublishingLease size: 24,209 square feetAsset type: OfficeBrokers: CBRE’s Paul Amrich, Neil King III, Emily Chabrier and Meghan Allen represented the landlord,... Continue reading at Crains New York
[ Crains New York | 2024-10-24 17:05:48 UTC ]
More news stories like this | News stories tagged with:
#bloomsbury
#44th st
#cushman wakefield
A fate worse than being cancelled, a pair of wintry romances, a weird witchy read, and more of today's best YA book deals. Continue reading at Book Riot
[ Book Riot | 2024-10-22 13:30:00 UTC ]
More news stories like this | News stories tagged with:
#ya book
A Guide to Bookstore Customers, Award-Winning Fantasy, MId-Century Queer Romance, and More in Today's Best Book Deals Continue reading at Book Riot
[ Book Riot | 2024-10-20 12:00:00 UTC ]
More news stories like this | News stories tagged with:
#bookstore
#book deals
Daily Telegraph talks up chances Charles will attend the Everest. Plus: ABC splashes cash on redesignFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastWith King Charles and Queen Camilla arriving on Friday for the couple’s first... Continue reading at The Guardian
[ The Guardian | 2024-10-18 01:06:28 UTC ]
More news stories like this | News stories tagged with:
#news corp
#daily telegraph
#rupert murdoch
#free app
#latest updatesget
#weekly beast
#royal treatment
#king charles