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Chasen Companies defaulted on the project’s $34 million loan last year, and his lender moved to take over the Beaux-Arts ...
Now, the building features high-end apartments ... increasing construction costs and low asking prices for office buildings – are also pushing developers to consider more adaptive reuse projects.
Not all office properties are experiencing revived demand. Lower-end buildings are still struggling, which could be a threat to hundreds of banks and investors in real-estate-backed loans.
Selling federal office buildings has been tried in the past with limited success. But if the sales are handled correctly, the ...
More recently, though, the glassy office property ... extension, building values. The amount of sublease space nationally more than doubled from 118.5 million square feet at the end of 2019 ...