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The surveys illustrate the extent to which the top tier of the office market is “impervious” to woes at the lower end, as CBRE phrased it. (The data from both firms include both new leases and renewals.) ....
Commercial mortgage rates have nearly doubled in 10 years, while the performance of many buildings has sunk, raising the prospect of heavy losses for investors. ....
NEW YORK: Billions of dollars of debt will fall due this year on hundreds of big US office buildings that their owners are likely to struggle to refinance at current interest rates.There are $117. ....
One Times Square and Two Times Square, as well as the owners of 5 Times Square, Paramount Building, Soho Properties, Moinian Group, Wharton Properties, RFR, Ian Schrager Company, and Stillman Development have joined in support of the proposal to bring a Caesars Palace Times Square casino to 1515 Broadway. ....