RCA in the News

Even SoHo Can’t Escape the Retail Property Storm

The Wall Street Journal / February 20th, 2018

The Wall Street Journal reports: The retail slump that has been battering shopping malls across middle America is starting to show up in some of New York City’s choicest retail neighborhoods.

The ground floor retail space at 93 Mercer St. in Manhattan’s SoHo neighborhood was in contract in August 2015 to sell for $35 million. But the sale ran into problems and in January 2017 the seller put the property back on the market. In November, it went into contract with a different buyer, this time for just $18.25 million.

View the full story in The Wall Street Journal: Even SoHo Can’t Escape the Retail Property Storm