Research Feed
RITM: NYC/SF Office at 75% Discount While AI Drives Recovery
Rithm Capital acquired 13M sqft of Class A NYC/SF office at $585/sqft—a 75% discount to replacement cost, 40% below pre-COVID—while SF just recorded its strongest leasing year since 2019. The cross-ticker pattern is visible: SLG reports 8M sqft AI tenant demand pipeline, BXP leased a dormant SF buil