It has been a rough three years for RXR’s Helmsley Building as a new appraisal of the famed 1.4 million-square-foot tower shows its value has declined 40 percent in that time, according to Morningstar ...

The Helmsley Building’s lenders moved Tuesday to foreclose on the landmarked tower that straddles Park Avenue, a move that underscores the steep challenges facing many Manhattan office towers.

The lenders filed foreclosure action in New York State Supreme Court on Tuesday, effectively halting RXR’s potential plans to save the 1.4 million-square-foot property by converting it into ...

An icon of Midtown Manhattan’s office market isn’t immune from the existential challenges facing the sector. A $670 million loan on RXR’s 230 Park Avenue — also known as the Helmsley Building — is set ...

The landmark 35-story Helmsley Building at 230 Park Ave. is at risk of defaulting on its mortgage next month. It may be a challenge for the owner to secure an extension of the $670 million loan that ...

Built in 1929 as the headquarters for Cornelius Vanderbilt’s New York Central Railroad Company, the Helmsley building (230 Park Avenue) straddles the avenue to the north of the railroad terminal.

RXR Realty is looking to convert a portion of the historic Helmsley Building on Park Avenue in a bid to rescue the building from its debt distress. RXR was provided a 90-day forbearance to further ...

NEW YORK, May 5 (Reuters) - Monday Properties, in conjunction with Invesco Ltd, said on Tuesday it has completed the sale of the landmark Helmsley Building near New York City's Grand Central Terminal ...

After a $100 million renovation complete with double-paned windows, an energy-monitoring system and revamped cleaning and waste disposal systems, the Helmsley Building at 230 Park Avenue has become ...