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Midtown Office Building in Foreclosure | Real Estate News
A lender is moving to seize a prime Midtown office building at 10 East 34th Street after the owner, Caerus Group, missed mortgage payments since April. With occupancy plummeting to under 30% and key tenants abandoning their leases, the $37.5 million loan’s trustee seeks foreclosure and court-appointed management — a stark warning of how even iconic locations are struggling in today’s brutal office market. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an automated, high-level news summary based on public…
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