RXR is working to save a prominent New York property amid financial challenges, while exploring a low-risk strategy as an office landlord. Additionally, Tishman is considering options regarding a loan for a project in Queens.
“It costs a lot of money to not rent those units. Ultimately, why do we build affordable housing? We build affordable housing for people to live there.”
“We are actively seeking an anchor tenant to secure financing and provide insight into the project's performance potential.”
“If interest rates remain above 5%, we could see a 15% increase in distress sales in the multifamily sector by Q3.”
“As a fully integrated owner and operator of office and multifamily properties, we are uniquely positioned to maximize resolutions on behalf of CMBS trusts.”
“We are seeing rising multifamily distress with delinquency rates at 7.2%.”
“61 Broadway demonstrates what can be achieved when thoughtful public policy meets private-sector expertise.”
“This lease underscores the enduring appeal of Rockefeller Center to New York’s investment industry, and we’re proud to continue to provide a setting that supports their long-term growth at one of the ...”
End of Intelligence Report · 1 Sources Verified