We should have comps soon on this store. What is the general opinion of it today? Is it an asset or a liability? Was it looted this past summer?
I need to lunch in store 212, and soon!
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No one is buying, it was a silly idea
Google “nyc condo crash” and you’ll get a number of general articles pro and con. What’s needed is for some autiste or specialist to dissect the RE market in hard terms, looking at vacancies, price reductions, foreclosures. That knowledge exists now in private, but will get published and circulated eventually.
And then we’ll still have to connect the RE situation back to Central Park Tower and whatever stake Nordstrom has in the mess. If it is material then it’s got to surface on an 8-k or an earnings at some point.
They may have gotten out over their skis on the NYC FLS, but they’re not scumbags, basically upright Swede honest who will disclose it if need be.
I'm curious how many of the high end condos up above they have sold?
A bleak gadfly has chased everyone off.