RFR falls 90 days behind on mortgage at Union Square tower
RFR Holding is more than 90 days delinquent on the mortgage for 90 Fifth Ave., according to Fitch Ratings, the latest sign of mounting strain for the developer fighting eviction from the Chrysler Building.
The 140,000 square-foot building at the corner of West 14th Street is a small part of RFR’ ...
RFR could lose skyline mainstay 17 State St.
The Chrysler Building isn’t the only spire RFR Holding is in danger of losing.
The beleaguered developer, which was recently ordered to vacate the Chrysler Building after a multimillion-dollar rent dispute, is now facing foreclosure at 17 State St. in Manhattan’s Financial District.
According to ...
RFR nears $1.2 billion Seagram Building refinancing
RFR is close to refinancing the Seagram Building, a major piece of good news for the embattled developer.
Lenders are putting the final touches on a new $1.2 billion loan with a four-year term and an anticipated interest rate of 6.25%, credit-rating agency KBRA said in a client report Wednesday. ...
RFR sells 522 Fifth Ave. to Amazon
RFR Holding announced Friday that it has sold 522 Fifth Ave., a property that had been in foreclosure proceedings. Amazon said it is the buyer. The price wasn’t disclosed.
Amazon is expected to occupy the entire 23-story, 600,000-square-foot building at the corner of West 44th Street. The proper ...
Deals of the Day: May 14
Leases
Boutique real estate agency to open first Manhattan office
Address: 100 Crosby St., Manhattan Landlord: GFP Real EstateTenant: GoodSpaceLease size: 1,957 square feet Asset type: OfficeBrokers: GFP Real Estate's Neith Stone represented the landlord in-house. GoodSpace's Roberto Rhettof r ...
New skyscraper bets on private club instead of retail
A stretch of Fifth Avenue near Grand Central Terminal could be said to be both the city’s spine and heart, especially for retailers: A storefront on the bustling Midtown portion of the famous thoroughfare once seemed a no-lose proposition.
But recent years have roughed up the strip. Vacancies, s ...
RFR claims it lost Madison Avenue tower at ‘rigged’ auction
At an April 15 court hearing, a lawyer for developer Aby Rosen pleaded with a judge to delay the foreclosure auction for 285 Madison Ave., a 500,000 square-foot office tower near Grand Central Terminal. Rosen was on the cusp of selling another building in foreclosure, at 522 Fifth Ave., to Amazo ...
Members-only Core Club sues landlord Shvo claiming 'shockingly poor' Fifth Avenue space
The posh members-only Core Club atop 711 Fifth Ave. might not be so posh after all. For that, the club blames landlord Michael Shvo.
Hot water routinely has gone cold in the club’s guest rooms, and toilets repeatedly clogged after each flush, according to a lawsuit filed yesterday by the Core Cl ...
Upper East Side townhouse developer hit with foreclosure suit
A foreclosure lawsuit on the Upper East Side has entangled a prolific flipper of townhouses.Russia-born developer Janna Bullock is accused of defaulting on an $8 million loan backed by 14 E. 82nd St., a 6-story, 9.500-square-foot prewar edifice near Central Park, according to a lawsuit filed Thu ...
Ambition, Authority, and Artistry: Aby Rosen
Aby Rosen is a Principal and Co-Founder of RFR Holding LLC, a Manhattan-based real estate investment, development, and management company. He was born in Frankfurt, then part of West Germany, to parents who were Holocaust survivors. Over his career, Aby has built a portfolio that includes landma ...
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