NYC office investors bet big on future, despite high vacancies
The commercial building sales market is facing a perfect storm of challenges: from inflation and the new work-from-home normal, to interest rate hikes and a dearth of financing. Financing issues recently tanked an $855 million deal for the HSBC building at 452 Fifth Ave., across from Bryant Park, which was being marketed by Eastdil Secured….
NYC office investors bet big on future, despite high vacancies
The commercial building sales market is facing a perfect storm of challenges: from inflation and the new work-from-home normal, to interest rate hikes and a dearth of financing. Financing issues recently tanked an $855 million deal for the HSBC building at 452 Fifth Ave., across from Bryant Park, which was being marketed by Eastdil Secured….