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News

Foreign Investment In U.S. CRE Tumbles To Lowest Point Since 2011

... are high.   “If I'm a current owner and I'm thinking about selling and I ... . “So unless somebody forces me to, I'm not going to sell.”  Some of the pullback ... somebody capitulates.” CORRECTION, JUNE 28, 5 P.M. ET: A previous version of this story incorrectly ...

Jun 12, 2024
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1011 First Ave., the previous headquarters of The Roman Catholic Archdiocese of New York, which Vanbarton Group plans to convert to housing.
News

Vanbarton Nabs Loan To Convert Archdiocese HQ To Housing: The N.Y. Deal Sheet

... 115.6M sum from Flagstar Bank.  *** L+M Development Partners refinanced its 197-unit Long Island ... and replaces a $70M CMBS loan. L+M developed the building in 2012. An Avison ... with a $141.5M senior loan from M&T Realty Capital Corp., according to a release ...

Jul 15, 2025
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323 E. 19th St., Time Equities' first NYC multifamily acquisition since 2015.
News

Time Equities Makes First NYC Buy In 10 Years With Plans For More

... acquisition, which was financed with a $9.2M mortgage from M&T Bank, is “a little step into the water,” Greenburger ... ’s logic to taking the risk now, Greenburger said. “I'm caught with two thoughts. On the one hand, the regulatory ...

Jun 02, 2025
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The exterior of the base of 5 Times Square.
News

5 Times Square Gets Green Light For 1,250-Unit Conversion

... Office Conversion Accelerator, and it will capitalize on the 467-m tax incentive, according to the mayor's announcement. “The repositioning ... included in the project.  UPDATE, MAY 22, 4:55 P.M. ET: This story has been updated with a statement from ...

May 22, 2025
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Bob Knakal Launches New Investment Sales Firm With A Focus On AI
News

Bob Knakal Launches New Investment Sales Firm With A Focus On AI

... Map Room Bob Knakal here, and I’m thrilled to share some exciting news about ... and immense support from this incredible community, I’m proud to announce the launch of @BKRealEstateAdv (BKREA ... in New York City,” Knakal said. “I'm a very good cold caller. I can' ...

Apr 02, 2024
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Penn District Penn Station Madison Square Garden
News

Investment Sales Up 38% As NYC Developers Gear Up For Action

... New York City development. While the 485-x and 467-m tax incentive programs were passed last year, full rules and ... Q3. The deadline to commence a project applicable for 467-m, the office-to-residential conversion tax break, is the end ...

Apr 09, 2025
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75 Varick St., a joint venture of Trinity Church NYC, Norges Bank Investment Management and Hines, where Horizon Media has renewed its 360K SF lease this week.
News

This Week’s N.Y. Deal Sheet: Horizon Media Inks 360K SF Renewal

... . *** SL Green and RXR have renewed specialist media company M. Shanken Communications' 39K SF lease at Worldwide Plaza, Commercial ... Brooklyn’s first office-to-resi conversion under the 467-m tax abatement, Commercial Observer reported. The financing came ...

Mar 18, 2025
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SoMa at 25 Water St.
News

Lenders Getting Less 'Scared' Of Funding Office Conversions

... working with are very well positioned for it, but I'm sure there's many out there that are not as ... well positioned.” UPDATE, MARCH 4, 2:30 P.M. ET: A previous version of this story misstated the date ...

Mar 03, 2025
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Gymshark
News

Reluctant Marathon Man Noel Mack On How Gymshark Intends To Take America By Storm

... bit inconsistent, but I'm happy to be inconsistent because I'm constantly sharpening the sword. ... the rest of the year. Mack: I'm going to use that question as shameless self ... better for a couple of hours. I’m also training for the Paris marathon on 13 ...

Feb 28, 2025
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Teenagers Restricted At Increasing Number Of Malls Nationwide
News

Teenagers Restricted At Increasing Number Of Malls Nationwide

... supervision on Fridays and Saturdays after 5 p.m., NBC New York reported. "Like many shopping ... been subject to a curfew of 3 p.m. since 2021. In 2022, Atlantic Station, also ... of children under 16 after 4 p.m. The efforts come amid concerns about crime ...

Apr 18, 2023
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