Donald Trump tightens grip on landmark Manhattan skyscraper
From Dow Jones & Company:
The Trump Organization’s 40 Wall Street building has landed on a “watch list” for potentially facing trouble, with Moody’s estimating a 14.5% reduction in office demand nationally due to flexible work. The loan for the property, valued at $122.2 million, experienced changes and fluctuations from special servicing to full compliance recently. Occupancy at the building fell below 80% in December, a significant drop from nearly a decade ago. New York Attorney General Letitia James has sued Trump and the Trump Organization in a civil fraud trial, with the trial soon to finish.
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