building with a $1.2 billion mortgage from JPMorgan Chase. The loan was used to pay back the older CMBS loan from Deutsche Bank. A July 2016 appraisal valued the building at over $3.4 billion, making the property one of the most valuable office buildings in Manhattan. Solow finally decided on lowering rental rates for some vacant space in late 2017 after several large tenants such as Kohlberg Kravis Roberts, Providence Equity, and Silver Lake left the building. By 2018, the building had a 70 percent occupancy rate; Solow's son, Stefan Soloviev, attributed the increased occupancy rate to his own actions. Following Sheldon Solow's death in 2020, Soloviev reorganized his late father's firm, and the newly constituted Soloviev Group took over operation of 9 West 57th Street. Tenants After 9 West 57th Street opened, many financial firms took space there, and the building became associated with finance. Companies with offices there included hedge funds and private equity organizations. One early tenant, shoe company Nine West, named itself after the building, which was the company's first location. , law firms and hedge funds continue to occupy much of the space, including: Apollo Global Management Coatue Management D1 Capital Partners Forty North Capital LLC Och-Ziff Capital Management Ruane, Cunniff & Goldfarb Tiger Global Management The corporate offices of Avis Budget Group (37th floor) are also located in the building. Legal issues Sheldon Solow was known for being litigious during his lifetime, filing over 200 lawsuits, including several involving the Solow Building. The first such lawsuit involving the building was prompted when Solow refused to pay both Avon's broker and 9 West 57th Street's rental agent. Avon's broker Williams Real Estate sought its promised commission, as did Cushman & Wakefield, which held a contract with Solow as the building's exclusive rental agent. After a jury trial in State Supreme Court, in 1973, Solow was ordered to pay commissions of $150,000 to Cushman & Wakefield and $1.7 million to Williams. Solow aggressively protected the building's trademark, suing Avon in 1975 for publishing promotional materials that referred to 9 West 57th Street as the "Avon Building". The case remained dormant for two decades but was revived in the late 1990s, finally being dismissed in 2006. With the late 1990s and early 2000s came a series of lawsuits against tenants. Solow sued Avon in 1997, claiming it had failed to restore its offices in the building to