RFR's terrible, horrible, no good, very bad year: Owner of the Chrysler Building and other high-profile properties faces slew of foreclosures, challenges.

Autor:	Small, C. J. Hughes And Eddie (AUTHOR)
Předmět:	FCA US LLC, REAL estate sales, REAL estate business, REAL property, OFFICE buildings, ESTATES (Law), FORECLOSURE, MORTGAGE loan default, BROKERS
Zdroj:	Crain's New York Business. 9/9/2024, Vol. 40 Issue 32, p1-1. 1p.
Abstrakt:	RFR Holding, the owner of high-profile properties such as the Chrysler Building and the Seagram Building, is facing multiple financial challenges, including foreclosures and mortgage defaults. The company has been struggling with vacancies and missed loan and tax payments across its extensive portfolio. RFR's financial problems are attributed to buying too many properties at high prices and low interest rates. While the firm may have to give up some properties and face difficulties finding lenders in the future, it is expected to remain an influential player in New York's real estate industry. [Extracted from the article]
Databáze:	Regional Business News
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