The “2nd Wave” of the Commercial Real Estate Crash Is Close
Commercial real estate prices have fallen 20%-50% from their peaks just a few years ago—but the slide may not be over yet. A “second wave” of the commercial real estate […]
Bond sale tied to Aby Rosen’s 475 Fifth Ave shelved
Aby Rosen’s plan for a bond sale tied to the mortgage of an RFR Midtown office building was disrupted by an unforgiving interest rate environment. The $175 million offering attached to 475 Fifth Avenue was postponed, Bloomberg reported. The bond was expected to be priced several weeks ago before the
Deal-sweeteners at an all-time high despite roaring Manhattan office leasing
Manhattan’s red-hot office leasing is giving landlords reason to smile, though they may still grimace at the expense it takes to lure new tenants. Tenant incentive packages — the payouts building owners offer companies as deal-sweeteners to build out their office spaces — are at an all-time high, de
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