The documents, which were uploaded by Microsoft in its case against the Federal Trade Commission, were exposed in error. The FTC says it had no role in the leak.

The United Auto Workers union said workers would walk out of more plants on Friday if it didn’t make progress in talks with General Motors, Ford and Stellantis.

Bond yields reached their highest levels in more than 15 years, putting pressure on stocks ahead of the Federal Reserve’s next interest-rate decision.

The company says it’s eliminating some central services roles but will “continue to support hiring in critical areas.”

The Securities and Exchange Commission charged Concord, which managed billions of dollars for Roman Abramovich, with failing to register as an investment adviser.

Tourists and Londoners alike were perplexed when the Bond Street tube station was temporarily renamed “Burberry Street” as part of a sponsorship deal with Transport for London.

President Biden has promised to provide every American access to reliable high-speed internet. But some have raised concerns about whether the funds will achieve all of the administration’s goals.

The company said a cyberattack discovered in August caused “wide-scale disruption” to its operations.

JLL has listed for sale a $240 million nonperforming loan on a troubled Financial District office building.

The property, 61 Broadway, was owned by Scott Rechler’s RXR, but the company handed the keys back to its lender in July through a deed in lieu of foreclosure. The lender is a syndicate led by Aareal Bank.

RXR went into default on the property in December when it stopped making payments on the loan, which it took out in 2019. The loan had a two-year initial term and three one-year extensions. It reached maturity default on May 1.

Rechler said in February that it would shed the dead parts of its office portfolio because rising interest rates and falling office occupancy made the dated buildings not worth trying to rescue.

However, Rechler told The Real Deal that the company had already made its equity back on 61 Broadway after selling a 49 percent stake in 2016 to China Orient Asset Management, which is state-owned.

Built in 1913, 61 Broadway has 780,000 square feet and 33 stories. It was renovated in 1985 and 2019. RXR purchased it in 2014 from Broad Street Development for $330 million.

The office building has an occupancy rate of just 57 percent. In 2019, flexible workspace provider Knotel leased 60,300 square feet over four floors, but filed for bankruptcy two years later.

The loan listing is yet another sign of trouble in New York City’s office market. A report from Savills in July revealed that available office space in Manhattan reached an all-time high in the second quarter of this year, with 19.7 percent of all space being open for lease.

The report was particularly damning for the Financial District, where 29.3 percent of office space is available, the highest of any submarket in Manhattan.

Aareal Bank declined to comment on the listing. JLL didn’t respond to a request for comment in time for publication.

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The post JLL lists nonperforming $240M loan on 61 Broadway appeared first on The Real Deal.

CBRE has named a replacement for outgoing Debt & Structured Finance President Rachel Vinson, who is leaving the company to tend to family matters due to a medical situation involving her husband.
New York City-based James Millon will assume Vinson’s post Nov. 1 after serving as vice chair and co-head of large loans at the Dallas-based brokerage, per CoStar. Millon came to CBRE from Deutsche Bank in 2016 and will continue to work out of New York.