Paramount Group, Inc. has announced it is seeking to enter into a joint venture agreement to sell a 10 percent interest in 1633 Broadway, a 2.5 million-square-foot trophy office building on Broadway between 50th and 51st streets in Manhattan.
KAR Properties is monitoring all data in regards to the unraveling of some of the sectors of the economy and the reaction to the coronavirus pandemic, also known as COVID-19, and its tenants in the ability to honor lease agreements and meet rental payment guidelines.
The coronavirus pandemic has brought some commercial real estate stakeholders together as some create forums to maintain an ongoing dialogue about the impacts companies are facing and best practices being utilized to navigate uncertainties.
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