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 ...

The Helmsley Building has shed 40% of its value in the last three years, according to a new appraisal of the landmarked tower at 230 Park Ave. The 1.4 million-square-foot building is worth an ...

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.

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 ...

One of New York City’s most iconic buildings might be in trouble. “As a result of the transfer, deterioration in the office sector amid weakening demand, and a high interest rate environment, KBRA has ...

Built in 1929 as the headquarters for Cornelius Vanderbilt’s New York Central Railroad Company, the Helmsley building (230 Park Avenue) straddles the avenue to the north of the railroad terminal.

RXR Realty is looking to convert a portion of the historic Helmsley Building on Park Avenue in a bid to rescue the building from its debt distress. RXR was provided a 90-day forbearance to further ...

NEW YORK, May 5 (Reuters) - Monday Properties, in conjunction with Invesco Ltd, said on Tuesday it has completed the sale of the landmark Helmsley Building near New York City's Grand Central Terminal ...

Vanderbilt Market is one of Manhattan’s most vibrant and convenient food halls . Located just steps from the bustling Grand ...

A 10,000 s/f food hall is coming to 230 Park Avenue, according to an announcement today from Monday Properties and Invesco. Urban Space, the group behind the pop-up food markets Mad. Sq. Eats, ...