Nonperforming $111M Senior Loan on 462 Broadway Hits the Market
The $110.6 million nonperforming loan on Meringoff Properties' 462 Broadway is being marketed for sale.
Source: commercialobserver.com
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Demand for lab space in East Coast cities has mellowed since the exuberance of 2020 and 2021.
Source: commercialobserver.com
REBNY Gets Political at 2023 Gala
The one speech that managed to quiet most of the REBNY gala guests was when Mayor Eric Adams asked them to stand up for a housing deal.
Source: commercialobserver.com
UL Interview: New York City CRE Owner Leslie Himmel on Finding "Brave Money" in a Down Cycle
When Urban Land last spoke to New York City landlord Leslie Himmel of Himmel + Meringoff Properties in March, vacancy within the nation’s largest office market was hovering just below 10 percent. While that still registers below the market’s peak of 11.7 percent in 2010, according to Moody’s, that rate has continued to drift upwards since March. Urban Land recently sat down with Himmel for a lively discussion about doing business in a recessionary market amid rising interest rates, and her ongoing search for what she calls “brave money.”
Source: uli.org
Emails reveal how major Hochul campaign donors seek sway
New York Governor Kathy Hochul’s office provided the Times Union with 161 pages of...
Source: timesunion.com