News

NYC REIT to Give up REIT Status, Sets Reverse Stock Split as CRE Recovery ‘Remains Challenged’

enero 16, 2023

Article by:   Tomi Kilgore

The owner of commercial real estate in New York City said the pace of recovery of the office segment «remains challenged» in the post-COVID pandemic world, as leasing and occupancy trends have slowed, which has led political, community and business leaders to propose repositioning plans for NYC office assets.

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