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
Blood magic, a romantic thriller, fearsome water serpents, and more of today's best YA book deals. Continue reading at Book Riot
[ Book Riot | 2024-08-24 13:00:00 UTC ]
More news stories like this | News stories tagged with:
#ya book
New York’s insider summer restaurant season — when locals decamp to the Hamptons, the Catskills and the Greek isles and the city’s hottest places have open seats — is winding down. That signals the search for new spots opening this Fall.A couple of New York’s best-known chefs are launching new... Continue reading at Crains New York
[ Crains New York | 2024-08-23 10:03:06 UTC ]
More news stories like this | News stories tagged with:
#barnes
An expanded Abu Dhabi International Book Fair, says Dr. Ali Bin Tamim, will help expand educational programming and book sales figures. The post Abu Dhabi International Book Fair Extended to 10 Days appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-08-22 22:25:41 UTC ]
More news stories like this | News stories tagged with:
#international book
Fall book club picks, historical fiction for kids, the most interesting questions in books, and more today on Book Riot Continue reading at Book Riot
[ Book Riot | 2024-08-21 16:25:00 UTC ]
More news stories like this | News stories tagged with:
#book club
#historical fiction
#interesting questions
Bookstore Romance Day, held last Saturday, has grown to include 550 bookstores, up from 150 stores when it was founded in 2019. It now offers online events and giveaways from Libro.fm, in addition to in-store promotions. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-21 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#bookstore
Genshin Impact is bringing its fantastical world to the Xbox this fall. During Gamescom 2024, developer HoYoverse announced that the free-to-play open-world game will be available on Xbox Series X|S and Xbox Cloud Gaming beginning on November 20. With that release, Xbox players will receive all... Continue reading at Engadget
[ Engadget | 2024-08-20 22:41:06 UTC ]
More news stories like this | News stories tagged with:
#science fiction
#international success
#xbox players
Can anyone unseat Kristin Hannah as the bestselling historical fiction book of the moment? Continue reading at Book Riot
[ Book Riot | 2024-08-20 10:15:00 UTC ]
More news stories like this | News stories tagged with:
#historical fiction
An Octavia Butler Graphic Novel Adaptation, a Journalist's Moving Memoir, a Funny Ghanaian Tale, and More of Today's Best Book Deals Continue reading at Book Riot
[ Book Riot | 2024-08-18 10:00:00 UTC ]
More news stories like this | News stories tagged with:
#graphic novel
#book deals
A catastrophic event on Earth, wicked fae, a goose girl, and more of the best YA book deals today! Continue reading at Book Riot
[ Book Riot | 2024-08-17 13:30:00 UTC ]
More news stories like this | News stories tagged with:
#ya book
#ya deals
A Foodie Rom-Com, the Best Science Fiction and Fantasy, a Bollywood Mystery, and More in Today's Best Book Deals Continue reading at Book Riot
[ Book Riot | 2024-08-17 10:00:00 UTC ]
More news stories like this | News stories tagged with:
#science fiction
#book deals
This season’s noteworthy offerings feature time loops, psychoactive booze, the Big Bang, and a hermit on a mission from God. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-16 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#big bang
Although the 2024 election season won’t shift into high gear until after Labor Day, booksellers across the country are making plans for what Lissa Muscatine, co-owner of Politics & Prose in Washington, D.C., describes as a “dramatic and historic” presidential campaign. Not only are... Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-16 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#swing states
#making plans
#high gear
#politics prose
For some regional bookseller associations, joint trade shows are a winning formula. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-16 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#bookseller
#winning formula
Independent presses keep up the good fight in a fall season full of bold and inventive offerings. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-16 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#independent presses
Magical Adventures with Doggies, a Classic Kids' Mystery, a Funny Middle Grade from Justin Reynolds, and More in Today's Best Children's Book Deals Continue reading at Book Riot
[ Book Riot | 2024-08-07 15:16:00 UTC ]
More news stories like this | News stories tagged with:
#children’s book
#children's book
#book deals
Romantic Suspense by Stacey Abrams, a Sapphic Rom-Com, Love in a London Book Shop, and More in Today's Best Romance Deals Continue reading at Book Riot
[ Book Riot | 2024-08-07 14:50:00 UTC ]
More news stories like this | News stories tagged with:
#london book
#stacey abrams
#romance deals
A demon summoner, a mission to Jupiter's moon, a secret nerd society pushing for change, and more of today's best YA book deals. Continue reading at Book Riot
[ Book Riot | 2024-08-03 13:30:00 UTC ]
More news stories like this | News stories tagged with:
#ya book
This season’s crop of notable nonfiction debuts tackle the nature of life, the role of religion in American culture, Indigenous histories, and book bans Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-02 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#book bans
#american culture
A robot dog searches for a forever home, time travel through cooking, and more of today's best children's book deals. Continue reading at Book Riot
[ Book Riot | 2024-07-31 14:53:44 UTC ]
More news stories like this | News stories tagged with:
#children’s book
#children's book
#time travel
#forever home
#book deals
Union members vote to accept offer that is one percentage point higher over three years than previous proposalFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastJournalists at Nine’s publishing arm have called off... Continue reading at The Guardian
[ The Guardian | 2024-07-31 09:32:46 UTC ]
More news stories like this | News stories tagged with:
#publishing arm
#guardian australia
#paris olympics
#brisbane times
#day back
#free app
#latest updatesget
#five-day strike
#free morning