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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Deals of the Day: Oct. 7

LeasesTD Bank expands with SL GreenAddress: 125 Park Ave., ManhattanLandlord: SL GreenTenant: TD BankLease size: 130,057 square feetLease length: 10 yearsAsset type: OfficeBrokers: CBRE's Robert Alexander, Ryan Alexander, Matthew Saker and Nicole Marshall represented the tenant. Newmark's Brian... Continue reading at Crains New York

[ Crains New York | 2024-10-07 17:24:22 UTC ]
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Prime Day Lego deals discount Super Mario and Star Wars sets by up to 41 percent

With October Prime Day just a few days away, we're starting to see more and more early deals pop up each day. While it might be too early for your liking to think about holiday shopping, you might want to after you check out the latest Prime Day Lego deals. A number of Lego sets from the Super... Continue reading at Engadget

[ Engadget | 2024-10-06 14:23:10 UTC ]
More news stories like this | News stories tagged with: #harry potter #follow @engadgetdeals #back $44 #stay tuned #buying advice #mini builds #inches high #final product #hogwarts castle #work-from-home setup #mario fans #musical accessories #biggest discount #dixie kong #mario space

Prime Day Lego deals include up to 41 percent off Super Mario, Star Wars sets

With October Prime Day just around the corner, we're starting to see more and more early deals pop up each day. While it might be too early for your liking to think about holiday shopping, you might want to after you check out the latest Prime Day Lego deals. A number of Lego sets from the Super... Continue reading at Engadget

[ Engadget | 2024-10-04 14:30:08 UTC ]
More news stories like this | News stories tagged with: #harry potter #follow @engadgetdeals #back $44 #buying advice #mini builds #inches high #final product #hogwarts castle #work-from-home setup #mario fans #musical accessories #biggest discount #dixie kong #mario space

The New Yorker Union Members Unanimously Authorize Strike Ahead of Festival

More than three years ago, The New Yorker's unionized employees authorized and threatened a strike during a contentious first contract negotiation that culminated with scores of protestors descending on the Greenwich Village home of Conde Nast executive Anna Wintour days... Continue reading at AdWeek

[ AdWeek | 2024-10-04 11:54:00 UTC ]
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Prime Day deals include 32 percent off Amazon's Kindle Paperwhite Kids

Physical books are heavy and given everything else a youngster has to carry around in their backpack, who needs to deal with those as well? An ereader can help to lighten the load and there's a good deal on a kid-friendly option at the minute. Just ahead of the October edition of Prime Day,... Continue reading at Engadget

[ Engadget | 2024-10-02 19:31:31 UTC ]
More news stories like this | News stories tagged with: #kindle #follow @engadgetdeals #buying advice #kindle fire #kid-friendly cover #prime day #physical books #bundle includes

The Best Children’s Book Deals of the Day for October 2, 2024

Mythical beasts, horror stories from R.L. Stine, a Charlie Brown collection, and more of today's best kids' book deals. Continue reading at Book Riot

[ Book Riot | 2024-10-02 14:40:00 UTC ]
More news stories like this | News stories tagged with: #children’s book #horror stories #book deals

Book Riot’s YA Book Deals of the Day for October 1, 2024

A Pirate Romantasy, a Mystery With a Netflix Adaptation, Dealing With Bullies, and More in Today's Best YA Book Deals Continue reading at Book Riot

[ Book Riot | 2024-10-01 17:35:00 UTC ]
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The Kindle Paperwhite Signature Essentials bundle drops to its lowest price of the year ahead of Prime Day

The weather is, unfortunately, getting colder and that means it's about time to cozy up on your couch with a blanket and some good reading material. If you're an e-reader lover or have finally run out of bookshelf space then you might want to look at the Kindle Paperwhite Signature Essentials... Continue reading at Engadget

[ Engadget | 2024-10-01 14:17:17 UTC ]
More news stories like this | News stories tagged with: #kindle #follow @engadgetdeals #responsive screen #prime members #fabric cover

Amazon's Fire HD 10 tablet drops to a record-low price ahead of October Prime Day

If you've been on the lookout for a killer deal on a perfectly decent tablet for streaming videos and catching up on some reading, hunt no more. Just ahead of the October edition of Prime Day, Amazon has slashed the price of the Fire HD 10 tablet to $75, which is a discount of $65. This matches... Continue reading at Engadget

[ Engadget | 2024-09-30 20:27:55 UTC ]
More news stories like this | News stories tagged with: #kindle #follow @engadgetdeals #buying advice #coming weeks #current inventory #video calls #battery life #kindle book #ipad pro #creative work #microsd slot

Book Riot’s YA Book Deals of the Day for September 28, 2024

A deadly fantasy competition, an M/M hockey romance, a Latina teen spy, and more of today's best YA book deals. Continue reading at Book Riot

[ Book Riot | 2024-09-28 13:00:00 UTC ]
More news stories like this | News stories tagged with: #ya book

Book Riot’s Deals of the Day for September 27, 2024

American myths and monsters, goddesses in Greek myth, a bookstore stuck in the past, and more of today's best book deals Continue reading at Book Riot

[ Book Riot | 2024-09-27 15:11:57 UTC ]
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The Best Children’s Book Deals of the Day for September 25, 2024

A monstrous family business, projects for crafty kids, a middle school knight, and more of today's best children's book deals. Continue reading at Book Riot

[ Book Riot | 2024-09-25 15:43:00 UTC ]
More news stories like this | News stories tagged with: #children’s book #children's book #book deals

Which Big Fall Book Should You Read?

Fall is the season of Big Books: the mega-hyped, the much-recommended, and the written-by-celebrities. And despite the fact that we’re in a (god-forsaken) election year, the literary cup, as usual, runneth over. So how’s a discerning gal or guy to choose which Big Book to read (first)? Just like... Continue reading at Literrary Hub

[ Literrary Hub | 2024-09-23 08:56:27 UTC ]
More news stories like this | News stories tagged with: #big book #lit hub #big books

Book Riot’s YA Book Deals of the Day for September 21, 2024

Ten outstanding YA books, fiction and nonfiction, are all under $3 this weekend. Fill up those ereaders! Continue reading at Book Riot

[ Book Riot | 2024-09-21 13:00:00 UTC ]
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Here’s how the ‘New York Times’ became the ‘Gotham Gazette’ for a single day

Old school newspaper hawkers will be handing out copies of the ‘Gotham Gazette,‘ a newspaper inspired by the new show ‘The Penguin.’ Given the semi-annual world-ending events and the bevy of unhinged, heavily costumed folks behind them, a comic book universe would be an objectively terrible... Continue reading at Fast Company

[ Fast Company | 2024-09-19 14:04:17 UTC ]
More news stories like this | News stories tagged with: #comic book #times square #single day

Amazon announces the return of Prime Big Deal Days 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 | 2024-09-18 16:55:13 UTC ]
More news stories like this | News stories tagged with: #kindle #follow @engadgetdeals #buying advice #bit easier #gaming gear #include gadgets #check back #samsung 55-inch #pixel 8a #apple earlier #holiday season #airpods pro #product page #cyber monday

The Ultimate Fall 2024 Reading List

It’s Big Book Season again, and you know what that means: lists. (Yes, there are also lists during all the other seasons. Lists are (chaotic?) good.) It also means that it’s time again for Literary Hub’s Ultimate Fall Reading List, in which I valiantly endeavor to read all the seasonal literary... Continue reading at Literrary Hub

[ Literrary Hub | 2024-09-17 08:57:52 UTC ]
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NEIBA's Fall Conference Attracts 600 People to Boston

This year's New England Independent Booksellers Association conference, held September 11–13, brought together booksellers, publishers, and authors and highlighted such industry trends as the rising price of books and strong sales of horror and fantasy titles. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-09-17 04:00:00 UTC ]
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Modern Day McCarthyists: The Fight Against Book Bans in Llano County

The Texas county, with a population about 3,000, has become an epicenter in the fight against book banning. Leila Green Little explains the echoes of history are playing out in rural Texas—and in communities across the across the nation. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-09-16 04:00:00 UTC ]
More news stories like this | News stories tagged with: #book banning #llano county #book bans