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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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NYC Mayor Eric Adams in September 2024, flanked by then-First Deputy mayor Sheena Wright and top aide Ingrid Lewis-Martin. Wright resigned a month later in October, making her one of many high-level officials close to Adams to step down as federal investigations into the mayor intensified.
News

Former Adams Chief Adviser Charged With Taking Bribes From Real Estate Investor

... day, she said that she expected to be indicted.  “I'm being falsely accused of something,” Lewis-Martin said at the ... Long contributed to this story. UPDATE, DEC. 19, 7 P.M. ET: This story has been updated with a statement from ...

Dec 19, 2024
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(from left to right) Marty Burger of Infinite Global Real Estate Partners, MaryAnne Gilmartin of MAG Partners, Scott Rechler of RXR, William C. Rudin of Rudin, and Robert S. Blumenthal (Moderator).
News

Rudin, Rechler, Gilmartin, Burger Talk City Of Yes And What Comes Next

... ’s vote was set to start at 1:30 p.m. Thursday. The real estate powerhouses, who are itching to continue ... onstage for a full hour starting at 1:10 p.m. The zoning overhaul did eventually pass, but not until hours ...

Dec 06, 2024
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Alchemy Properties' Ken Horn
News

Weekend Interview: Alchemy Properties' Ken Horn On Working With Churches To Solve The Housing Crisis

... York where you want to create housing.  I'm not saying just get rid of landmarks, but I ... 'm saying look at it judiciously in terms of ... people are going to coast.  In December, I'm not sure there are going to be a lot of ...

Dec 06, 2024
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Debt on the 1930-built New Yorker Hotel building, a Manhattan icon, has changed hands.
News

Private Equity Firm Scoops Up $106M Loan On New Yorker Hotel

... space. The landmarked property’s former lender, M&T Bank, has been shopping around for a ... mature three months from the time that M&T began marketing the loan and remains ... to Bisnow’s requests for comment, while M&T and Newmark declined to comment to Bisnow ...

Sep 07, 2023
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NYC skyline
News

'Improved Math And Improved Sentiment' Drive 63% Rebound In NYC CRE Sales

... . “Last year, they simply said, ‘I am not buying. I'm not looking at transactions.’”   The recovery in deal volume is ... really happening without the help of 485-x and 467-m,” he said. “Right now, we're having a lot of ...

Oct 08, 2024
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