The mixed-use office and retail tower under development in Downtown Manhattan's Financial District at 25 Park Row is seeing a wave of interest from retailers, some with small-to-large footprints and letters of intent for flagship buildouts.
Space arbitrage enables a business to capitalize on the potential to offer physical space for new alternative revenues without assuming lease risk.
Debt funds have a higher risk tolerance than traditional lenders, allowing them to be more active in the hotel lending space.
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