The U.S. labor market continued to show resilience in April, with job growth persisting despite elevated interest rates and rising geopolitical uncertainty related to the Iran conflict. The unemployment rate held steady at 4.3%.
UBS Refis Chelsea Office Building With $161M Loan
A joint venture between Vornado Realty Trust and Aurora Capital Associates has sealed a $161 million loan to refinance an office and retail asset in Manhattan’s Chelsea neighborhood. UBS provided the interest-only loan for the sponsorship’s 194,000-square-foot office building at 61 Ninth Avenue, sources told Commercial Observer. The property has 143,000 square feet of office…
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