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The Grove, a 200-unit luxury multifamily rental located at 250 W 19th St. in Chelsea, is among the 11 buildings in the portfolio sold by Blackstone.
News

Blackstone Sells Manhattan Multifamily Portfolio, Evading Foreclosure

... portfolio are market-rate. UPDATE, AUG. 31, 3:30 P.M. ET: This story has been updated to include comment from ...

Aug 30, 2023
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With Landlords Still In Lawmakers' Crosshairs, Affordable Developers Warn Of Capital Flight
News

With Landlords Still In Lawmakers' Crosshairs, Affordable Developers Warn Of Capital Flight

... their hands up and say, ‘Maybe not yet. Maybe I'm not going to take a risk with all the other ...

Aug 30, 2023
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Fundrise Settles With SEC After Failing To Disclose It Paid Influencers $8M To Solicit Investors
News

Fundrise Settles With SEC After Failing To Disclose It Paid Influencers $8M To Solicit Investors

... a real estate crowdfunding platform. CORRECTION, AUG. 29, 4 P.M. ET: A Fundrise spokesperson said the firm is no longer ...

Aug 29, 2023
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After Jay-Z Closes The 40/40 Club, Rockrose Sells 12% Stake In Building For $44M
News

After Jay-Z Closes The 40/40 Club, Rockrose Sells 12% Stake In Building For $44M

... future of the property. CORRECTION, AUG. 25, 4:50 P.M. ET: A previous version of this story incorrectly reported that ...

Aug 25, 2023
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Ominous Sign: Nearly Two-Thirds Of WeWork Locations In NYC Are In Older Buildings
News

Ominous Sign: Nearly Two-Thirds Of WeWork Locations In NYC Are In Older Buildings

... going to be easy." CORRECTION, AUG. 25, 10:30 A.M. ET: The New York Stock Exchange Wednesday suspended trading of ...

Aug 24, 2023
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Goldman Sachs HQ 200 West St. NY
News

Goldman Sachs 'Reminding' Employees Of 5-Day In-Office Policy

... to ResumeBuilder.  “I can feel that in conversations that I'm having with clients, and with our customers about how they ...

Aug 23, 2023
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Nyack College's campus, which occupies eight floors of the 21-story, 1.2M SF 2 Washington St. property, may struggle to pay down its debts after announcing its intentions to close this month.
News

Lower Manhattan University To Shutter, Leaving Fate Of $50M Office Loan In The Air

... bit of a mystery.”  CORRECTION, AUG. 7, 3:35 P.M. ET: The property has $251K in its reserve account, according ...

Aug 04, 2023
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All 16 condos in the commercially-zoned Ritz-Carlton in Manhattan's NoMad district have been purchased by investors who plan to use them as short-term residential properties.
News

NoMad Ritz-Carlton Sells Out Condo Units Thanks To Airbnb Workaround

... to all the hotel’s amenities. The property’s commercial M-1 zoning means that people staying in the condos can ...

Aug 02, 2023
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Migrant Shelters, Bankruptcies Spell Good News For NYC Hotels That Hung On
News

Migrant Shelters, Bankruptcies Spell Good News For NYC Hotels That Hung On

... for these migrants is very, very positive,” Lesser said. “I'm working with a client now, a family office knows nothing ...

Jul 28, 2023
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cannabis dispensary
News

License Holders' Frustrations With New York's Sluggish Retail Cannabis Rollout Are Boiling Over

... figure in the state’s rollout process last month. "I'm just sitting here like, 'There is no transparency whatsoever,'" Anderson ... my 1,000 feet locked down right now while I'm negotiating this lease?” he asked at the meeting. “Or can ...

Jul 26, 2023
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