RFR Holdings has been struggling to retain the Chrysler Building, as Cooper Union seeks control due to overdue ground lease payments, while RFR disputes the claims.
RFR asserts that Cooper Union's handling of campus protests led to tenant cancellations at the Chrysler Building, compromising their ability to make rent payments.
Despite RFR's claims, the Chrysler Building's occupancy rate is higher this year than last, suggesting that tenant turnover may not be as significant as alleged.
Cooper Union's controversy has reportedly disturbed the real-estate community but also signifies a complex relationship tied to leasing at the Chrysler Building.
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