Real estate tycoon Aby Rosen is abandoning $600 million worth of acquisitions as the coronavirus puts New York City’s multi-billion-dollar sales market on ice
The prominent landlord Aby Rosen, who controls the Chrysler Building, abruptly retreated from two major real-estate acquisitions in recent weeks as the pandemic crisis overtook New York City.The coronavirus has upended the city's $30 billion commercial-real-estate sales market and prompted buyers, sellers, and lenders to rethink transactions.Meanwhile, major institutions such…
bubmagApril 10, 2020