Vornado JV Defaults on $450M Loan for St. Regis Retail Space
Hotel's ground-floor frontage, the "epicenter" of Fifth Ave. retail, can't be refinanced after rents get lower.
source https://www.globest.com/2023/02/16/vornado-jv-defaults-on-450m-loan-for-st-regis-retail-space/
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February 16, 2023 at 09:12AM
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