City: new york

The Factory, a 1.1 million-square-foot office property in the Long Island City section of Queens, N.Y., has suffered a substantial decline in occupancy and cash flow since 2023. As a result, Moody's Ratings has downgraded the bonds that hold a ...

Maxim Capital Group, Sabal Investment Holdings and GDS Brightstar have provided $50 million of financing against the 114,000-square-foot office property at 114 Crosby St. in the SoHo section of Manhattan. The loan allowed the property's owner, a venture of Chelsfield ...

Commercial Observer Citi Real Estate Funding has provided an $85 million loan against the 300-room Arthouse Hotel New York City at 2178 Broadway, at West 77th Street on Manhattan's Upper West Side. The property is owned by Ashkenazy Acquisition Corp. ...

Crain’s New York Business Thor Equities has lost a pair of retail properties in Manhattan to foreclosure after defaulting on a total of $34.2 million in debt. The Brooklyn, N.Y., developer lost the 26,000-square-foot property at 446 West 14th St. ...

Commercial Real Estate Direct Staff Report The Herald Center mixed-use property, with 249,063 square feet in Manhattan, has had its appraised value lowered by 52 percent to $276 million. That's just $31 million more than is owed against the property. ...