Aging NYC office building shows how to succeed despite trend toward shiny new towers
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Aging NYC office building shows how to succeed despite trend toward shiny new towers

ByNews Polite

Let’s say you own a 60-year-old, near-900,000 square-foot Midtown office building. Demand for space in Midcentury buildings is weak.  A half-billion-dollar mortgage payment is coming up. Do you: Scramble to refinance when lenders are getting cold feet? Complain to the New York Times that it’s the worst season for property owners…