“Borrower is exploring a change in optimal use for a portion of the building, which could significantly impact value,” the commentary said. “An additional 90-day forbearance to allow further ...

It has been a rough three years for RXR’s Helmsley Building as a new appraisal of the famed 1.4 million-square-foot tower shows its value has declined 40 percent in that time, according to Morningstar ...

That’s the rationale driving Scott Rechler’s rescue plan for the debt-burdened Helmsley Building. Months after a monster loan backed by 230 Park Avenue landed in special servicing, then maturity ...

An icon of Midtown Manhattan’s office market isn’t immune from the existential challenges facing the sector. A $670 million loan on RXR’s 230 Park Avenue — also known as the Helmsley Building — is set ...

The Helmsley Building’s lenders moved Tuesday to foreclose on the landmarked tower that straddles Park Avenue, a move that underscores the steep challenges facing many Manhattan office towers.

The owner of the Helmsley Building says that the trustee for its defaulted $670 million mortgage doesn’t have the right to foreclose on the Midtown landmark. RXR Realty, one of the city’s largest ...

Built in 1929 by Warren & Wetmore, the Helmsley Building is owned by Monday Properties and is one of the only buildings in Manhattan that you can drive through. The spectacular new display covering ...

The Helmsley Building, a landmark office tower that straddles Park Avenue just north of Grand Central Terminal in New York City, is up for sale and may fetch more than $1.1 billion. The 1.4 ...

Manhattan’s iconic Helmsley Building has sold for a whopping $1.2 billion to RXR Realty, the real estate investment giant headed by Port Authority vice-chairman Scott Rechler. The 34-story, 1.4 ...