Commercial Real Estate Direct Staff Report The two-building office complex at 760 and 800 Westchester Ave. in Rye Brook, N.Y., last year had absorbed a 13 percent increase in utility expenses, helping offset the 6.4 percent increase in rental income it had generated. So, while cash flow climbed by more than 13 percent to $6.59 […]

The post Spike in Utility Expenses Offset Revenue Growth at Westchester, N.Y., Office; Loan Gets Risky appeared first on Commercial Real Estate Direct.