BGO Hands Over D.C. Office Building To Lender After Buying It For $175M
BGO renovated 1200 New Hampshire Ave. NW in 2021, but the effort wasn't enough to hang onto the building.
BGO renovated 1200 New Hampshire Ave. NW in 2021, but the effort wasn't enough to hang onto the building.
The biggest leases, sales and financing deals in New York City this week.
The biggest leases, sales and financing deals this week in New York City.
The mall-based retailer continues to face stiff competition from Shein and Temu.
The biggest leases, sales and financing deals this week in New York City.
The biggest leases, sales and financing deals this week in New York City.
The fast fashion brand's U.S. operator said competition from online retailers like Shein and Temu had undercut margins and forced the firm to close its stores.
The biggest leases, sales and financing deals in New York City this week.
In addition to the $670M mortgage, RXR's landmarked building is tied to $125M in mezzanine debt from Morgan Stanley and Brookfield.
The first quarter's 12.2M SF of office leases pushed office availability down to 17.7% from 20.1% a year ago.
We're not asking for your money. This is not a step towards a paywall. Our news is free and we intend to keep it that way.