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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The OUP USA Guild, part of the News Media Guild and representing around 150 workers, is demanding that Oxford University Press reverse the recent firing of US-based workers, claiming the layoffs are in violation of the Collective Bargaining Agreement that management and the union signed just... Continue reading at Literrary Hub
[ Literrary Hub | 2024-09-13 16:16:21 UTC ]
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With schools in session and spooky season fast approaching, we asked children's booksellers and buyers about autumn trends in their stores. Respondents gave us their predictions for the hottest fall titles and looked ahead to the waning months of 2024, including how the November election might... Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-09-12 04:00:00 UTC ]
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A celebration of kids and their dogs, a monster-hunting girl, and more of today's best children's book deals. Continue reading at Book Riot
[ Book Riot | 2024-09-11 14:46:00 UTC ]
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Have you noticed yellowing leaves, Labor Day sales, and the return of the school bus, now clanking spiritedly around your neighborhood? Congratulations, you’ve made it to another Big Book Season. There are a lot of books coming out this fall, and a lot of them will probably be very good, despite... Continue reading at Literrary Hub
[ Literrary Hub | 2024-09-10 11:37:41 UTC ]
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A pair of sequels to hot YA titles, a nine-tailed fox, the truth of Lizzie Borden, and more of today's best YA book deals. Continue reading at Book Riot
[ Book Riot | 2024-09-07 13:00:00 UTC ]
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Learn about the life of the first Black woman to be nominated to the Supreme Court, as well as hear from women around the globe in this week's nonfiction book talk. Continue reading at Book Riot
[ Book Riot | 2024-09-06 15:00:00 UTC ]
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Get crafty, get a little frightened, and get a little hungry with these excellent book deals in picture books and middle grade books. Continue reading at Book Riot
[ Book Riot | 2024-09-04 14:00:00 UTC ]
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While you can do pretty much anything on your phone or tablet, sometimes having a dedicated device is the way to go. Opting for an ereader can help reduce eye strain compared with looking at a smartphone screen for hours on end. The battery will last longer too, and you won't have notifications... Continue reading at Engadget
[ Engadget | 2024-09-03 14:56:49 UTC ]
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Although the holiday weekend has come to a close, some Labor Day sales are still available. Historically, Labor Day isn't a boon for tech deals but there are always a few decent ones that pop up, particularly in the outdoor tech space. Labor Day sales often overlap with back-to-school sales as... Continue reading at Engadget
[ Engadget | 2024-09-03 14:30:14 UTC ]
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Except for a brief period, a few years ago. My wheels had finally found the ruts of a writer’s path: I had a viral essay and New York Times bylines. I had kneeled before Poets & Writers with a writing book and been tapped by their sword on my shoulder, included on their Best Books […] The... Continue reading at Electric Literature
[ Electric Literature | 2024-09-03 11:10:00 UTC ]
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Before starting his culinary career, acclaimed chef Marc Murphy wasn't sure if he would be able to find a job that he would actually be good at."I'm very dyslexic. I had a hard time staying in school," he said. "I ended up cooking because I knew I didn't have to read or write."Murphy's life in... Continue reading at Crains New York
[ Crains New York | 2024-09-03 10:03:04 UTC ]
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Fall's most anticipated books include novels from Rachel Kushner, Sally Rooney, Danzy Senna, Michael Connelly and Richard Price. Continue reading at Los Angeles Times
[ Los Angeles Times | 2024-09-03 10:00:18 UTC ]
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I’d rather not acknowledge that fall is approaching, mostly because I’ve made an embarrassingly small dent in my summer reading pile over the past three months. But the signs of autumn are unmistakable. Kids are going back to school, political ads are ramping up on swing state TV screens, and... Continue reading at Literrary Hub
[ Literrary Hub | 2024-09-03 08:56:54 UTC ]
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The inaugural title from Salty Days Media, a new partnership-driven publishing company from America's Test Kitchen vet Sara Domville, is slated for October 1. 'Our American Dream Cookbook' is a collaboration with Samuel Adams’ philanthropic program Brewing the American Dream. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-09-03 04:00:00 UTC ]
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The government launched a ‘work style reform’ campaign that promotes shorter hours and other flexible arrangements along with overtime limits and paid annual leave. Japan, a nation so hardworking its language has a term for literally working oneself to death, is trying to address a worrisome... Continue reading at Fast Company
[ Fast Company | 2024-09-02 14:15:57 UTC ]
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ANASTASIA in space, the popular girl at school is found dead, and more of today's best YA book deals. Continue reading at Book Riot
[ Book Riot | 2024-08-31 13:00:00 UTC ]
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Companies itching to go public face a tough choice as the fall IPO window opens: take the leap with markets near all-time highs, or wait until next year when risks around interest rates and the U.S. election have faded.The window, roughly the nine-week stretch from Labor Day until the Nov. 5... Continue reading at Crains New York
[ Crains New York | 2024-08-28 16:53:32 UTC ]
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A Heist Rom-Com, Fated Love, a Sports Romance, GMA Book Club Pick, and More of Today's Best Romance Book Deals Continue reading at Book Riot
[ Book Riot | 2024-08-28 16:23:00 UTC ]
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American Short Fiction, a nonprofit literary organization based in Austin, Tex., has announced its fall 2024 "MFA for All" program. The series will feature three accomplished authors as faculty: Jamel Brinkley, Susan Choi, and Karen Russell. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-28 04:00:00 UTC ]
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It’s almost Labor Day so the sales have started to trickle in. Here’s a cool one. A whole bunch of Lego sets are on sale for 25 percent off from, uh, Barnes & Noble. That may not make sense on paper, but we assure you that these discounts are very real. It’s tough to pick the “best”... Continue reading at Engadget
[ Engadget | 2024-08-26 15:23:20 UTC ]
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