NYC’s old office building shows how to succeed despite the trend toward shiny new towers
Let’s say you own a 60-year-old, nearly 900,000-square-foot office building in Midtown. Demand for space in mid-century buildings is weak. A half billion dollar mortgage payment is coming. Do you: Struggling to refinance when lenders are getting cold feet? Complaining to the New York Times that it’s the worst season for property owners since the … Read more