On Wednesday, Wells Fargo filed a preforeclosure suit against Savanna at 521 Fifth Avenue near Grand Central Terminal, Crain’s reported. The lender is seeing to sell the 39-story, 460,000-square ...

There’s trouble in paradise for Savanna — paradise being the Bryant Park submarket.. The office landlord’s commercial mortgage-backed securities (CMBS) loan on 521 Fifth Avenue is headed to special ...

Fifth Avenue has long been an economic powerhouse for the city, creating 313,000 direct and indirect jobs and generating $44.1 billion in total wages and $111.5 billion in total economic output ...