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.

Atop Grand Central Terminal and straddling Park Avenue, the Helmsley Building is one of Manhattan’s most handsome and best-located office towers. But looks and location only go so far. The Helmsley is ...

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 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 ...

That’s the rationale driving Scott Rechler’s rescue plan for the debt-burdened Helmsley Building. Months after a monster loan backed by 230 Park Avenue landed in special servicing, then maturity ...

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 ...

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 ...

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.