One Bryant Park, St. Regis Retail Good News for Commercial Real Estate? Hardly

Settle down, everyone.

One Bryant Park’s $1.275 billion financing, as well as the marketing of the St. Regis New York retail condos and a 49 percent stake at 299 Park Avenue, do not mean, contrary to some cautiously ebullient speculation, that the New York commercial real estate market is turning.

It’s not even pivoting.

The deal and marketing pushes—news of which emerged in the last few days—involve particular...

Copyright Obser - Observer
Contact Us