Latest in Commercial Property

The US hotel refinancing time bomb

Maturing hotel debt and higher borrowing costs are putting US hotel owners under pressure, threatening to reshape investment, ownership and development. Billions of dollars in maturing hotel loans are putting US property owners under pressure, as higher borrowing costs and…

enr.com
152 words

AOM Office/Retail/Mixed-Use: 520 Fifth Ave.

This also allowed a cantilevered tower crane base to be installed on the eighth floor. A second cantilevered loading platform built on the sixth floor facilitated overnight material staging, effectively doubling the project team’s workday. A two-story loading dock complex…

patch.com
252 words

Queens Burger King Sold For $20M: What Could Replace It

ASTORIA— A Burger King property in Astoria has sold for $20 million, ending nearly 45 years of ownership and opening the door to a potential large-scale redevelopment. Amara Astoria LLC purchased the 20,316-square-foot property at 33-10 Astoria Blvd., between Hoyt Avenue South and…

enr.com
262 words

Best Office/Retail/Mixed-Use: 125 West 57th St.

At 125 West 57th St. in Manhattan, a 26-story mixed-use tower that rises 440 ft, pairs offices overlooking Central Park with a reimagined home for a congregation that has occupied the site since 1884. The project organizes two distinct functions within one building—its…

Commercial Property

Offices, retail space and big deals.

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