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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Marvel Premier Collection, a new line of trade paperbacks aimed at providing an accessible entry point for comics newcomers, will launch in February with classic works by Frank Miller and Ta-Nehesi Coates. The line was announced at the first-ever Retailer Day at this year's New York Comic Con. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-10-17 04:00:00 UTC ]
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Whether you're looking to read a fantasy, a murder mystery, romance, or something else, there's a YA book deal for you this week! Continue reading at Book Riot
[ Book Riot | 2024-10-15 13:30:00 UTC ]
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It seems that The New Yorker Festival may be picket-free this year. The magazine's union and management at Conde Nast reached a new tentative three-year agreement, the company's human resources department told staffers Monday. (THR) Continue reading at AdWeek
[ AdWeek | 2024-10-15 11:54:00 UTC ]
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A modern gothic fantasy, a hopepunk space opera, a ghostalker, and more of today's best science fiction and fantasy book deals. Continue reading at Book Riot
[ Book Riot | 2024-10-14 14:00:00 UTC ]
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October Prime Day may have come and gone, but you can still save on Lego sets at the moment. While you may think it's early to think about holiday shopping, these kits make amazing presents — for the young and full-grown adults alike. At Engadget, we're most interested in specific sets from... Continue reading at Engadget
[ Engadget | 2024-10-11 14:13:50 UTC ]
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I’ve been reading from outside of Phoenix, where there have been over 120 days of 100 degree temperatures as summer comes to a close. With Hurricane Helene devastating the Southeast and war spreading in the Middle East, the uncertainty about our collective futures—whether it is from climate... Continue reading at Electric Literature
[ Electric Literature | 2024-10-11 11:05:00 UTC ]
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After a day of celebration, the 250 booksellers attending Heartland Fall Forum focused on the business of bookselling, with a busy trade show followed by a day of education as veteran booksellers mixed with 114 first-time attendees. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-10-10 04:00:00 UTC ]
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In these final hours of Amazon's October Prime Day sale, we're down to just two Kindle models on sale (or, really available at all) on Amazon's site. Why are there just two active listing for Kindles right now? It's almost certainly because Amazon is going to announce new models soon. We have no... Continue reading at Engadget
[ Engadget | 2024-10-09 22:01:36 UTC ]
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October Prime Day presents a good opportunity for Prime members to snag holiday gifts early, and that’s perhaps most relevant for those eyeing Amazon’s own devices. Gadgets like Echo speakers, Fire TV sticks and Kindles are almost guaranteed to be on sale during members-only sale events like... Continue reading at Engadget
[ Engadget | 2024-10-09 12:22:50 UTC ]
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Tired of carrying around physical books? Our favorite Kindles are on sale during Prime Day Big Deals, which ends tonight. Continue reading at Wired
[ Wired | 2024-10-09 10:52:49 UTC ]
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Amazon’s second Prime Day of the year is here and a few of the deals extend to Kindle ereaders. Unfortunately, the standard Kindle is currently out of stock, as are a few other models. That could be a hint that a new Kindle device is on the horizon, but we don't know anything for certain yet on... Continue reading at Engadget
[ Engadget | 2024-10-09 00:25:26 UTC ]
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October Prime Day is here, and we're seeing great deals on tech devices — but we also wanted to point out a few choice Lego deals we've had our eye on as well. You could use this as an opportunity to kickstart the holiday shopping season — even if you haven't even thought about the holidays yet,... Continue reading at Engadget
[ Engadget | 2024-10-08 23:27:33 UTC ]
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When it comes to tech on sale for Amazon Prime Day, Amazon’s own hardware is at the top of the list. The online retailer usually discounts Echo speakers, Fire tablets, Kindles and the like to record-low prices for October Prime Day, and this year is no different. We’re seeing some of the best... Continue reading at Engadget
[ Engadget | 2024-10-08 22:19:15 UTC ]
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The deals are flying fast and furious this Prime Day, and there's plenty to be had from within Amazon's own ecosystem. Right now, you can snag three months of an Audible Premium Plus subscription for just a dollar a month. It's not quite as good a discount as it was earlier this year (free!),... Continue reading at Engadget
[ Engadget | 2024-10-08 19:11:31 UTC ]
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When it comes to tech on sale for Amazon Prime Day, Amazon’s own hardware is at the top of the list. The online retailer usually discounts Echo speakers, Fire tablets, Kindles and the like to record-low prices for October Prime Day, and this year is no different. We’re seeing some of the best... Continue reading at Engadget
[ Engadget | 2024-10-08 14:38:30 UTC ]
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A new Kindle is no doubt on the horizon — the latest model, the Kindle Scribe, came out nearly two years ago. And now that other ereader companies, like Kobo and Boox, have color models, Amazon will no doubt want to catch up. That said, an ereader is, at its heart, a method for reading words on... Continue reading at Engadget
[ Engadget | 2024-10-08 13:33:23 UTC ]
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The Kindle that lets you take handwritten notes is on sale for Amazon Prime Day. The 16GB model of the Kindle Scribe is currently $85 off and down to $255 instead of the usual $340. That's not an all-time low — the ereader hit $240 as recently as July's Prime Day — but this is the lowest price... Continue reading at Engadget
[ Engadget | 2024-10-08 12:00:59 UTC ]
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Didn’t we already have a Prime Day? Yes, but that was Amazon’s July Prime Day — this one is in October. While it typically doesn’t offer the same breadth of deals (or deep discounts) as the OG day, if you’ve been keeping your eye on a certain pair of AirPods, Kindle tablet or, randomly this... Continue reading at Engadget
[ Engadget | 2024-10-08 11:16:30 UTC ]
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Tired of carrying around physical books? Our favorite Kindles are on sale during Prime Day Big Deals. Continue reading at Wired
[ Wired | 2024-10-08 08:51:50 UTC ]
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The Brooklyn, N.Y.–based indie comics shop launched a GoFundMe on October 6 in an effort to remain in its location for another three years. It exceeded its $79,200 goal in two days. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-10-08 04:00:00 UTC ]
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