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On today's episode of Best & Final, Jordan Shea covers a judge's denial of REBNY's injunction against the FARE Act, which shifts rental broker fees to landlords, alongside Kering's potential sale of a stake in 717 Fifth Avenue to reduce debt. The episode also details significant financing deals, including a $675 million CMBS loan for Independence Plaza and $525 million in construction financing for a Long Island City mixed-use tower, while highlighting rising foreclosure activity and Paramount Global's decision to sublease 355,000 square feet of office space. For more detailed analysis, contact Jordan Shea or visit JordanShea.com.
By Jordan SheaOn today's episode of Best & Final, Jordan Shea covers a judge's denial of REBNY's injunction against the FARE Act, which shifts rental broker fees to landlords, alongside Kering's potential sale of a stake in 717 Fifth Avenue to reduce debt. The episode also details significant financing deals, including a $675 million CMBS loan for Independence Plaza and $525 million in construction financing for a Long Island City mixed-use tower, while highlighting rising foreclosure activity and Paramount Global's decision to sublease 355,000 square feet of office space. For more detailed analysis, contact Jordan Shea or visit JordanShea.com.