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NEW YORK CITY—The Jehovah's Witnesses building is currently under contract for purchase, along with a 1.1-million-square-foot development site at 85 Jay St. owned by Kushner Cos., RFR Realty and LIVWRK, for $700 million.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
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The $4 billion project would include 500,000 square feet of gaming space.
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Overall CMBS delinquency rate was up slightly, according to Trepp.