The Tower Of Sauron Can’t Pay Its Debt: Brooklyn’s Tallest Building Is In Foreclosure

The Tower Of Sauron Can’t Pay Its Debt: Brooklyn’s Tallest Building Is In Foreclosure

https://archive.is/Aw6cI

While everyone says that the looming commercial real estate crash is nothing to worry about since, well, everyone’s been worrying about it for so long and nothing bad has happened yet (except for the whole regional bank crisis last March when virtually anyone who is not JPM almost imploded), every day we get a new and more shocking foreclosure or default.
Today, it is the infamous Brooklyn Tower, the 1066-foot building, sometimes called the Eye of Sauron, which is the tallest in all of Brooklyn. According to marketing materials from JLL, Silverstein Capital Partners has scheduled a foreclosure auction for 9 DeKalb Ave., JDS Development’s Brooklyn Tower.

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