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Top related persons:
Cooper - 1 — - 1 John Ruth - 1 RFR - 1 Terrence Oved - 1 Darren Oved - 1 Morgan Stanley - 1
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Chrysler - 1 Cooper Union - 1 RFR - 1 Service - 1 Street Journal - 1 Business - 1 Seagram - 1 Journal - 1

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2 mentions found


☆ An iconic gem of New York City's skyline is the latest victim of the office collapse
  + stars: | 2024-10-03 | by ( Katie Balevic | ) www.businessinsider.com   time to read: +3 min
The Chrysler Building, a renowned gem of NYC, is the latest victim of the office apocalypse. AdvertisementThe Chrysler Building, a long-admired gem of New York City's skyline, could be the latest victim of the nationwide office collapse. AdvertisementThe website for RFR Holding, a private real-estate-management company, still features the Chrysler Building. Business Insider could not immediately reach RFR Holding or its attorneys on Thursday. What that means for the iconic Chrysler Building — and the rest of the New York City skyline — remains to be seen.
Persons: Cooper, —, John Ruth, RFR, Terrence Oved, Darren Oved, Morgan Stanley Organizations: Chrysler, Cooper Union, RFR, Service, Street Journal, Business, Seagram, Journal, New Locations: York, Lexington, New York, California , Texas , New Jersey, Florida, New York City
☆ Giant loans on 10 major US office towers are due soon, stoking fears of more defaults that could be the next crisis to hit banks — and the economy
  + stars: | 2023-05-05 | by ( Alex Nicoll | ) www.businessinsider.com   time to read: +3 min
About $80 billion in office loans come due this year, threatening defaults. High-profile owners like Blackstone and Brookfield have walked away from major office loans as high interest rates and tighter lending levels have made refinancing debts more costly. Some analysts have even said that commercial real estate debt is the next big danger for the stock market. The leading research firm analyzing commercial real estate debt, Trepp, has a front-row seat to the reckoning. Office landlords' leasing, and therefore revenue, has fallen significantly due to the rise of remote work.
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