Bisnow Commercial Real Estate News

National View count: 165

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

Jun 12, 2024 | Ciara Long, New York City

National Capital Markets

30 Hudson Yards, which features the Western Hemisphere's tallest observation deck.

New York View count: 82

This Week's N.Y. Deal Sheet

Jun 11, 2024 | Ciara Long, New York City

New York Deal Sheet

Kato International, the landlord of Tower 49, has asked a judge for changes to Chapter 11 bankruptcy proceedings as WeWork's case unfolds.

New York View count: 189

Competitor Takes Over WeWork’s Former NYC Headquarters

Jun 10, 2024 | Ciara Long, New York City

New York Office

Freddie Mac Headquarters 8200 Branch Drive McLean Virginia Washington DC

New York View count: 104

Meridian Appoints Chief Risk Officer Amid Freddie Mac Probe

Jun 7, 2024 | Ciara Long, New York City

New York Capital Markets

New York View count: 64

The Battle Over Broker Commissions Is Heating Up At City Hall

Jun 6, 2024 | Ciara Long, New York City

New York Multifamily

Hotel 57, where landlord Apple Hospitality REIT is suing LuxUrban for $83M in damages and alleging that the hotel operator has failed to pay rent since April.

New York View count: 12526

LuxUrban Faces $83M Lawsuit From REIT As More Landlords Try To Evict 'WeWork For Hotels'

Jun 5, 2024 | Ciara Long, New York City

New York Hotel

10 Bryant, where owner Property & Building Corporation Ltd. scored $385M in bonds on the Tel Aviv Stock Exchange and paid off its mortgage to JPMorgan Chase.

New York View count: 93

This Week’s N.Y. Deal Sheet

Jun 4, 2024 | Ciara Long, New York City

New York Deal Sheet

New York View count: 89

Manhattan Office Market Tightens, Bolstered By Big Leases

Jun 3, 2024 | Ciara Long, New York City

New York Office

New York View count: 79

NYC Housing Voucher Applications Top 150,000 In Less Than 12 Hours

Jun 3, 2024 | Ciara Long, New York City

New York Affordable Housing

Town Lane is reportedly interested in opportunities in hotels, multifamily buildings and warehouses in Sun Belt cities like Houston, the firm has previously stated.

National View count: 195

Former Blackstone Exec’s New Firm Raises $1.25B, Beats $1B Target

May 31, 2024 | Ciara Long, New York City

National Capital Markets

A truck makes deliveries to e-commerce customers in Manhattan.

New York View count: 205

New Permit Rule For Warehouses Seen As ‘Total Killer’ For NYC Industrial Development

May 30, 2024 | Ciara Long, New York City

New York Industrial

National View count: 130

CBRE: Artificial Intelligence To Take Big Bite Out Of Demand For Office Space

May 29, 2024 | Ciara Long, New York City

National Office

292 Madison Ave., where owner Vanbarton Group reportedly defaulted on a loan worth almost $90M this week.

New York View count: 172

Vanbarton Group Defaults On $87.5M Loan At Its Own Headquarters

May 29, 2024 | Ciara Long, New York City

New York Office

488 Madison Ave., where The Feil Organization scored a $100M refinancing deal for three commercial condos at the buildings base from Deutsche Bank and Morgan Stanley this week.

New York View count: 69

This Week's N.Y. Deal Sheet

May 28, 2024 | Ciara Long, New York City

New York Deal Sheet

388 Greenwich St. in Manhattan, which is fully owned and occupied by Citibank.

National View count: 180

Banks Push 5-Day Office Mandates In Response To Regulatory Changes

May 24, 2024 | Ciara Long, New York City

National Office

More than a third of tenants in New York affordable apartments were two months behind on rent or more, according to a New York Housing Conference study.

New York View count: 172

Unpaid Rent Is Still Piling Up, Threatening The Future Of NYC’s Affordable Housing

May 23, 2024 | Ciara Long, New York City

New York Affordable Housing

620 Sixth Ave., where tech firm Palantir signed a direct deal with landlord RXR this week after previously occupying the space as a WeWork tenant.

New York View count: 91

This Week’s N.Y. Deal Sheet

May 21, 2024 | Ciara Long, New York City

New York Deal Sheet

The Seagram Building, where owner RFR Holding sealed the deal on a substantial refinancing package this year after months of uncertainty.

New York View count: 229

Aby Rosen's RFR Facing $2.5B Debt Bill As Defaults Pile Up

May 20, 2024 | Ciara Long, New York City

New York Office

Jared Kushner In 2017, During His Tenure At The White House.

National View count: 104

Jared Kushner's Firm Wins Approval For $500M Hotel Project In Serbia

May 17, 2024 | Ciara Long, New York City

National Hotel

Westchester County's Ken Jenkins, Kings Capital Group's JD Summa, RXR & Red Oak Street's David Garten, H2M Architects + Engineers Jay Pisco, New Rochelle Mayor Yadira Ramos-Herbert and White Plains Mayor Thomas Roach onstage at Bisnow's 2024 Westchester State Of The Market event.

New York View count: 149

Amenities Aren't Enough To Draw Renters To Westchester, But Shiny New Downtowns Are

May 16, 2024 | Ciara Long, New York City

New York Mixed-Use

New York Governor Kathy Hochul and Mayor Eric Adams announcing the deal for Red Hook's Brooklyn Marine Terminal on Tuesday morning.

New York View count: 119

NYC Takes Over 122 Acres Of Brooklyn Waterfront With Eye On Redevelopment

May 14, 2024 | Ciara Long, New York City

New York Land

Tower 77 in Greenpoint, where developer Clipper Equity scored a $430M financing deal this week.

New York View count: 77

This Week’s N.Y. Deal Sheet

May 14, 2024 | Ciara Long, New York City

New York Deal Sheet

The Terrace, one of the many new amenities unveiled at 22 Vanderbilt that building ownership Milstein Properties says helped it reach near full occupancy.

New York View count: 273

Bain & Co. Relocating Huge NYC Office As Part Of Leasing Wave At 22 Vanderbilt

May 13, 2024 | Ciara Long, New York City

New York Office

The Georgetown Residences, a 217-key hotel in Washington, D.C., that was one of 16 LuxUrban Hotels transitioned to the Wyndham Hotels & Resorts platform as part of the deal struck between the two hotel companies last year.

National View count: 12805

Wyndham Removes Beleaguered LuxUrban Hotels From Its Platform

May 10, 2024 | Ciara Long, New York City

National Hotel

New York View count: 89

Manhattan Apartment Rents Just Hit The Highest April On Record

May 9, 2024 | Ciara Long, New York City

New York Multifamily

280 Park Ave., where Vornado Realty Trust and SL Green Realty signed Antares Capital signed to 76K SF this week.

New York View count: 91

Vornado Eyes Selling Fifth Avenue Retail As Office Occupancy Drops

May 8, 2024 | Ciara Long, New York City

New York Office

60 Wall St., a 1989-built office property, got a $575M new mortgage this week, but with some potentially high penalties for defaulting on payments.

New York View count: 111

This Week’s N.Y. Deal Sheet

May 7, 2024 | Ciara Long, New York City

New York Deal Sheet

731 Lexington Ave., where Bloomberg has renewed its 1M SF lease until 2040.

New York View count: 181

Bloomberg Extends 1M SF Headquarters Lease Until 2040

May 6, 2024 | Ciara Long, New York City

New York Office

National View count: 71

JLL Returns To Profitability After Cost-Cutting Campaign

May 6, 2024 | Ciara Long, New York City

National Commercial Real Estate

New York View count: 70

Manhattan Office Availability Ticks Down After Active April

May 2, 2024 | Ciara Long, New York City

New York Office

Moelis & Co.'s Matthew Janukowicz, EOS Investors' Sofie Issembert and the Hotel Association of New York City's Vijay Dandapani onstage at Bisnow's 2024 New York Hotel and Hospitality Conference.

New York View count: 89

Short-Term Gain, Long-Term Pain: Rocky Road Ahead For NYC's Migrant Shelter Hotels

Apr 24, 2024 | Ciara Long, New York City

New York Hotel

45-40 Vernon Blvd. in Long Island City, acquired by ZD Jasper for $47M this week.

New York View count: 61

This Week’s N.Y. Deal Sheet

Apr 23, 2024 | Ciara Long, New York City

New York Deal Sheet

New York View count: 183

Debt On Blackstone’s Forsaken Broadway Office Tower Sells For $200M

Apr 22, 2024 | Ciara Long, New York City

New York Office

New York Gov. Kathy Hochul speaks in Far Rockaway ahead of the 10th anniversary of Superstorm Sandy, Oct. 28, 2022.

New York View count: 128

'Big Bang Of Housing': N.Y. Passes Budget Deal With Development Tax Break, Good Cause Eviction Protection

Apr 20, 2024 | Ciara Long, New York City

New York Multifamily

National View count: 76

Ashford Hospitality Trust CEO To Resign

Apr 19, 2024 | Ciara Long, New York City

National Hotel

Director of NYC's Department of City Planning Dan Garodnick speaking at public rally at City Hall.

New York View count: 70

NYC Planning Head Dan Garodnick On 'Very Positive' State Housing Deal, City's Zoning Push

Apr 17, 2024 | Ciara Long, New York City

New York Multifamily

New York View count: 65

This Week's N.Y. Deal Sheet

Apr 16, 2024 | Ciara Long, New York City

New York Deal Sheet

New York View count: 81

Hochul Announces Long-Awaited Deal To Address New York's Housing Crisis

Apr 15, 2024 | Ciara Long, New York City

New York Multifamily

717 Fifth Ave., part of the quarter's biggest sale when Kering bought 715-719 Fifth Ave. for $963M, according to data from Avison Young.

New York View count: 97

International Buyers Lift NYC's CRE Sales Market To Best Quarter Since 2022

Apr 14, 2024 | Ciara Long, New York City

New York Capital Markets

Amazon is planning to invest more heavily into grocery delivery

National View count: 85

Amazon To Double Number Of Same-Day Delivery Distribution Hubs, CEO Says

Apr 12, 2024 | Ciara Long, New York City

National Industrial

New York View count: 67

Manhattan Rents Tick Down As More Renters Choose The Boroughs

Apr 11, 2024 | Ciara Long, New York City

New York Multifamily

L&L Holding Cos' 425 Park Ave., where Ken Griffin's Citadel is an anchor tenant, scored a $911M refinancing deal this week.

New York View count: 85

L&L Lands $911M Loan To Refinance Citadel-Anchored Park Avenue Tower

Apr 11, 2024 | Ciara Long, New York City

New York Office

New York View count: 173

‘You Can’t Lease Them Anyway’: The Most Common Affordable NYC Apartments Struggle To Find Tenants

Apr 9, 2024 | Ciara Long, New York City

New York Affordable Housing

299 Park Ave., where Fisher Brothers signed multiple deals totaling over 60K SF this week.

New York View count: 77

This Week’s N.Y. Deal Sheet

Apr 9, 2024 | Ciara Long, New York City

New York Deal Sheet

Public Advocate Jumaane Williams in December 2023, unveiling his office's annual list of New York City's worst landlords.

New York View count: 51

Public Advocate Arrested Outside REBNY HQ For Good Cause Protest

Apr 4, 2024 | Ciara Long, New York City

New York Multifamily

11 W. 34th St., home to a Foot Locker for years, is the subject of a foreclosure suit from lender Wells Fargo.

New York View count: 173

Jeff Sutton Could Relinquish Herald Square Retail Building In Foreclosure

Apr 3, 2024 | Ciara Long, New York City

New York Retail

Vornado Realty Trust's Penn 2, where Major League Soccer is moving to as it expands, in August 2022.

New York View count: 65

This Week’s N.Y. Deal Sheet

Apr 2, 2024 | Ciara Long, New York City

New York Deal Sheet

1290 Sixth Ave., where law firm King & Spalding signed a 175K SF lease that takes them from SL Green's 1185 Sixth Ave. to a new home owned by Vornado.

New York View count: 75

Office Market Still Moving In Wrong Direction For Manhattan Landlords

Mar 31, 2024 | Ciara Long, New York City

New York Office

Downtown San Francisco Building Landscape

National View count: 106

Loan Modifications Shoot Up, Showing 'Extend And Pretend' Is Alive And Well

Mar 29, 2024 | Ciara Long, New York City

National Capital Markets

Dime Community Bank is among the lenders that ended 2023 with the highest level of exposure to multifamily loans, Fitch Ratings said in an analyst call Wednesday.

National View count: 91

Multifamily Loan Exposure A Risk To U.S. Banks, Fitch Says

Mar 28, 2024 | Ciara Long, New York City

National Multifamily

JDS Development's 9 DeKalb Ave., Brooklyn's first supertall, in Downtown Brooklyn.

New York View count: 168

Tallest Tower In Brooklyn Staring Down Foreclosure From Silverstein

Mar 28, 2024 | Ciara Long, New York City

New York Capital Markets

New York View count: 76

Building Trades Unions Join Forces To Fight REBNY’s 421-a Wage Floor Proposal

Mar 27, 2024 | Ciara Long, New York City

New York Affordable Housing

The Royalton hotel, in Midtown Manhattan, is one of the properties that LuxUrban claimed it had signed a lease in its public disclosures — when a deal had never actually completed. LuxUrban is now conducting an internal audit ahead of filing its year-end earnings results.

National View count: 12543

LuxUrban Hotels Stock Plummets After Disclosing Audit, Posting $65M Loss

Mar 27, 2024 | Ciara Long, New York City

National Hotel

New York View count: 183

The Stars Were Aligned For A Green Loan Program To Take Off In NYC. Instead, It Fizzled

Mar 21, 2024 | Ciara Long, New York City

New York Sustainability

Iconic NYC skyscraper the Empire State Building, which signed a 65K SF lease with architecture and construction engineer STV this week.

New York View count: 74

This Week's N.Y. Deal Sheet

Mar 19, 2024 | Ciara Long, New York City

New York Deal Sheet

The 21-unit rent-stabilized property at 248 Arlington Ave., purchased by East New York Community Land Trust last year for roughly $3M.

New York View count: 254

Community Land Trust Shaking Up Apartment Ownership In Brooklyn

Mar 18, 2024 | Ciara Long, New York City

New York Affordable Housing

New York View count: 73

Trump Can't Post $454M Bond To Appeal Fraud Verdict, His Lawyers Say

Mar 18, 2024 | Ciara Long, New York City

New York Commercial Real Estate

National View count: 83

Real Estate Investor Arrested For $77M WeWork Stock Offer Ploy

Mar 15, 2024 | Ciara Long, New York City

National Commercial Real Estate

RXR's head of leasing, Bill Elder, on the green at 5 Times Square's golf simulator.

New York View count: 115

RXR Is Still Bullish On Office — But Only If It Has A Golf Simulator

Mar 14, 2024 | Ciara Long, New York City

New York Office

The Moore Building on Nashville's Music Row, where TikTok plans to set up shop once a $2.8M buildout of a two-floor space is complete.

National View count: 105

TikTok Continues Its Real Estate Push Despite House Passing Bill To Ban It In U.S.

Mar 13, 2024 | Ciara Long, New York City

National Office

222 Broadway, reportedly under contract to for $150M to Jeff Gural's GFP Real Estate, could be the next FiDi office-to-resi conversion.

New York View count: 132

Financial District Tower To Sell For 30% Of 2014 Price In Office-To-Residential Play

Mar 13, 2024 | Ciara Long, New York City

New York Office

The Soloviev Group's 9 W 57th St., which signed global asset manager Tikehau Capital to 23K SF this week.

New York View count: 79

This Week’s N.Y. Deal Sheet

Mar 12, 2024 | Ciara Long, New York City

New York Deal Sheet

709 W 170th St., one of two properties where landlord Daniel Ohebshalom has allegedly amassed almost 700 violations.

New York View count: 64

Arrest Warrant Issued For Notorious Manhattan Apartment Landlord

Mar 11, 2024 | Ciara Long, New York City

New York Multifamily

NFP's Eric Sutter, Silverstein Properties' Malcolm Williams and BRP Companies' Mary Serafy onstage at Bisnow's 2024 Construction & Development event.

New York View count: 58

Cooling Inflation Hasn't Made Construction Cheaper. Builders Explain How They're Adapting

Feb 26, 2024 | Ciara Long, New York City

New York Construction & Dev

National View count: 65

CBRE Taps Former Morgan Stanley CRE Banking Head For Board Of Directors

Feb 23, 2024 | Ciara Long, New York City

National Commercial Real Estate

625 Madison Ave., where SL Green netted more than $600M as it ended a decades-long ownership saga this week.

New York View count: 166

Related Eyes Luxury Condo/Hotel Project After Buying 625 Madison For $630M

Feb 23, 2024 | Ciara Long, New York City

New York Office

New York View count: 82

N.Y. Attorney General To Trump: Pay Up Or Lose Your Properties

Feb 22, 2024 | Ciara Long, New York City

New York Commercial Real Estate

Northwood Investors' 1180 Sixth Ave. office property, where tenants signed 59K SF this week.

New York View count: 79

This Week’s N.Y. Deal Sheet

Feb 20, 2024 | Ciara Long, New York City

New York Deal Sheet

The headquarters of Marcus & Millichap in Calabasas, California.

National View count: 91

Marcus & Millichap Reports $10M Loss, Shrinking Number Of Brokers

Feb 19, 2024 | Ciara Long, New York City

National Commercial Real Estate

305 West End Assisted Living, park of B2K Development's portfolio.

New York View count: 387

Engel Burman Files $22.5M Lawsuit Against Founder's Son In Family Feud Escalation

Feb 19, 2024 | Ciara Long, New York City

New York Commercial Real Estate

New York View count: 77

Trump Fined $355M, Banned From N.Y. Business In Fraud Verdict

Feb 16, 2024 | Ciara Long and Ethan Rothstein

New York Commercial Real Estate

Vornado's 770 Broadway, Where Meta Is Cutting Its Space By A Third.

New York View count: 116

Meta Platforms To Vacate 275K SF At Vornado's 770 Broadway

Feb 14, 2024 | Ciara Long, New York City

New York Office

Empire State Realty Trust’s 1400 Broadway, where Burlington Store expanded by 68K SF this week.

New York View count: 65

This Week’s N.Y. Deal Sheet

Feb 13, 2024 | Ciara Long, New York City

New York Deal Sheet

New York View count: 60

ChatGPT Maker OpenAI Looking For 60K SF In NYC

Feb 13, 2024 | Ciara Long, New York City

New York Office

New York View count: 86

NYC’s Waterfronts Are Getting A Makeover For The E-Commerce Age

Feb 12, 2024 | Ciara Long, New York City

New York Economic Development

New York View count: 217

NYC Apartment Vacancy Falls To 1.4%, Lowest Level In Over 50 Years

Feb 9, 2024 | Ciara Long, New York City

New York Multifamily

Flooding in Odanah, Wisconsin, in 2018 after heavy rains. Approximately 18.2M units of rental housing nationally are at risk from extreme weather events due to climate change, according to a new study from Harvard's Joint Center for Housing Studies.

National View count: 144

41% Of U.S. Rental Housing Is In High-Risk Climate Areas, Study Finds

Feb 9, 2024 | Ciara Long, New York City

National Sustainability

Prada's flagship store at 720 Fifth Ave., which it is buying for $425M.

New York View count: 109

Retailers Are Increasingly Becoming Owners In NYC’s Hottest Corridors

Feb 8, 2024 | Ciara Long, New York City

New York Retail

The redeveloped 787 11th Ave., which counts LeBron James and Arnold Schwarzenegger among its investors.

New York View count: 189

Georgetown Co. Seeks More Than $20M In Damages From Contractor Found Guilty Of Fraud

Feb 7, 2024 | Ciara Long, New York City

New York Office

Fisher Brothers' 1345 Sixth Ave., where Brevan Howard quadrupled its lease this week.

New York View count: 70

This Week’s N.Y. Deal Sheet

Feb 6, 2024 | Ciara Long, New York City

New York Deal Sheet

Darcy Stacom, a longtime CBRE leader, is leaving to start her own firm amid the most severe distress seen in NYC's office market since the Great Financial Crisis.

New York View count: 129

Darcy Stacom, 'Queen Of The Skyscrapers,' Leaves CBRE To Start New Firm

Feb 6, 2024 | Ciara Long, New York City

New York Capital Markets

The Cosmopolitan Was The Most Profitable Single-Asset Deal In Blackstone History

National View count: 176

Former Blackstone CRE Exec Could Hit $1B With First Fund At New Firm

Feb 2, 2024 | Ciara Long, New York City

National Capital Markets

New York View count: 62

Manhattan Office Leasing Dropped By Almost 40% In January

Feb 2, 2024 | Ciara Long, New York City

New York Office

New York View count: 114

Weekend Interview: Open Impact's Lindsay Ornstein On Running A Startup Brokerage, The Future Of NYC Office

Feb 2, 2024 | Ciara Long, New York City

New York Office

Avison Young's James Nelson, L&L Holding Co.'s David Orowitz, NYCEDC's Jennifer Sun, Howard Hughes' Zach Winick and CBRE's Gerry Miovski onstage at Bisnow's 2024 New York Forecast event.

New York View count: 105

Capital Is Flowing Back Into New York City Office Buildings

Feb 1, 2024 | Ciara Long, New York City

New York Commercial Real Estate

Mayor Eric Adams speaking at REBNY's 127th annual gala.

New York View count: 164

Hotel Developer Reportedly Reimbursed Donors To Eric Adams' 2025 Campaign

Feb 1, 2024 | Ciara Long, New York City

New York Commercial Real Estate

A New York Community Bank located in northern Manhattan.

New York View count: 92

NYCB Shares Plummet After CRE Loan Issues Prompt Dividend Cut

Jan 31, 2024 | Ciara Long, New York City

New York Capital Markets

New York View count: 85

This Week’s N.Y. Deal Sheet

Jan 30, 2024 | Ciara Long, New York City

New York Deal Sheet

Paramount Group's 745 Fifth Ave., where luxury fashion house LVMH is reportedly exploring an acquisition.

New York View count: 111

LVMH Reportedly Is Next Luxury Retailer Who Wants To Buy A Piece Of Fifth Avenue

Jan 29, 2024 | Ciara Long, New York City

New York Retail

Dock 72 in Brooklyn Navy Yard, viewed from the water

New York View count: 92

Dock 72 Lands 63K SF Relocation Of Pratt Institute Grad Program

Jan 29, 2024 | Ciara Long, New York City

New York Office

Hotel may be poised for a comeback in 2024, with record numbers of projects in the pipeline across the U.S. and more optimism from investors.

National View count: 91

U.S. Hotel Construction Reaches New Record

Jan 26, 2024 | Ciara Long, New York City

National Hotel

BLDG's multifamily rental property at 212 E. 44th St., known as The Summit, was under construction between 2015 and 2019.

New York View count: 90

NYC Comptroller Files $40M Suit Against Developer For Construction Wage Violations

Jan 26, 2024 | Ciara Long, New York City

New York Construction & Dev

530 Fifth Ave., where Thor Equities purchased a 50% stake in the retail condo in 2014 and is now being sued by two investors who allege that it has not paid them distributions on their investment.

New York View count: 231

Investors Sue Thor Equities Over Lack Of Distributions From Fifth Avenue Building

Jan 25, 2024 | Ciara Long, New York City

New York Retail

New York View count: 76

SL Green To Raise $1B NYC Debt Fund, Forecasts Growth After Painful Year

Jan 25, 2024 | Ciara Long, New York City

New York Office

NYC skyline, smoke, greenhouse gas emissions

New York View count: 222

Local Law 97 Is Officially In Effect. Most Landlords Are Ready — For Now

Jan 24, 2024 | Ciara Long, New York City

New York Sustainability

New York City Mayor Eric Adams onstage at his 2024 State of the City address.

New York View count: 58

Adams Pledges New Housing On Public Land, Crackdown On Illegal Weed Shops In State Of The City

Jan 24, 2024 | Ciara Long, New York City

New York Economy

175 Water St., the office tower formerly home to insurance firm AIG.

New York View count: 136

2 Struggling Manhattan Office Buildings Get $100M In Tax Breaks For Renovations

Jan 23, 2024 | Ciara Long, New York City

New York Office

Fisher Brothers' Park Avenue Plaza, located at 55 E. 52nd St., is now 100% leased following an expansion by existing tenant Evercore.

New York View count: 97

This Week’s N.Y. Deal Sheet

Jan 23, 2024 | Ciara Long, New York City

New York Deal Sheet

645 N Arlington Ave., a medical office property owned by American Healthcare REIT according to the company's website. The REIT is reportedly seeking $700M from investors for its IPO.

National View count: 75

American Healthcare REIT Eyes $700M IPO

Jan 22, 2024 | Ciara Long, New York City

National Healthcare

A packed networking floor at the afterparty for the REBNY 128th annual gala.

New York View count: 170

At 128th REBNY Gala, NYC CRE Kicks Off What Could Be ‘A Very, Very Hard Year’

Jan 19, 2024 | Ciara Long, New York City

New York Economy

Ciara Long

Articles by Ciara Long

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

This Week's N.Y. Deal Sheet

Competitor Takes Over WeWork’s Former NYC Headquarters

Meridian Appoints Chief Risk Officer Amid Freddie Mac Probe

The Battle Over Broker Commissions Is Heating Up At City Hall

LuxUrban Faces $83M Lawsuit From REIT As More Landlords Try To Evict 'WeWork For Hotels'

This Week’s N.Y. Deal Sheet

Manhattan Office Market Tightens, Bolstered By Big Leases

NYC Housing Voucher Applications Top 150,000 In Less Than 12 Hours

Former Blackstone Exec’s New Firm Raises $1.25B, Beats $1B Target

New Permit Rule For Warehouses Seen As ‘Total Killer’ For NYC Industrial Development

CBRE: Artificial Intelligence To Take Big Bite Out Of Demand For Office Space

Vanbarton Group Defaults On $87.5M Loan At Its Own Headquarters

This Week's N.Y. Deal Sheet

Banks Push 5-Day Office Mandates In Response To Regulatory Changes

Unpaid Rent Is Still Piling Up, Threatening The Future Of NYC’s Affordable Housing

This Week’s N.Y. Deal Sheet

Aby Rosen's RFR Facing $2.5B Debt Bill As Defaults Pile Up

Jared Kushner's Firm Wins Approval For $500M Hotel Project In Serbia

Amenities Aren't Enough To Draw Renters To Westchester, But Shiny New Downtowns Are

NYC Takes Over 122 Acres Of Brooklyn Waterfront With Eye On Redevelopment

This Week’s N.Y. Deal Sheet

Bain & Co. Relocating Huge NYC Office As Part Of Leasing Wave At 22 Vanderbilt

Wyndham Removes Beleaguered LuxUrban Hotels From Its Platform

Manhattan Apartment Rents Just Hit The Highest April On Record

Vornado Eyes Selling Fifth Avenue Retail As Office Occupancy Drops

This Week’s N.Y. Deal Sheet

Bloomberg Extends 1M SF Headquarters Lease Until 2040

JLL Returns To Profitability After Cost-Cutting Campaign

Manhattan Office Availability Ticks Down After Active April

Short-Term Gain, Long-Term Pain: Rocky Road Ahead For NYC's Migrant Shelter Hotels

This Week’s N.Y. Deal Sheet

Debt On Blackstone’s Forsaken Broadway Office Tower Sells For $200M

'Big Bang Of Housing': N.Y. Passes Budget Deal With Development Tax Break, Good Cause Eviction Protection

Ashford Hospitality Trust CEO To Resign

NYC Planning Head Dan Garodnick On 'Very Positive' State Housing Deal, City's Zoning Push

This Week's N.Y. Deal Sheet

Hochul Announces Long-Awaited Deal To Address New York's Housing Crisis

International Buyers Lift NYC's CRE Sales Market To Best Quarter Since 2022

Amazon To Double Number Of Same-Day Delivery Distribution Hubs, CEO Says

Manhattan Rents Tick Down As More Renters Choose The Boroughs

L&L Lands $911M Loan To Refinance Citadel-Anchored Park Avenue Tower

‘You Can’t Lease Them Anyway’: The Most Common Affordable NYC Apartments Struggle To Find Tenants

This Week’s N.Y. Deal Sheet

Public Advocate Arrested Outside REBNY HQ For Good Cause Protest

Jeff Sutton Could Relinquish Herald Square Retail Building In Foreclosure

This Week’s N.Y. Deal Sheet

Office Market Still Moving In Wrong Direction For Manhattan Landlords

Loan Modifications Shoot Up, Showing 'Extend And Pretend' Is Alive And Well

Multifamily Loan Exposure A Risk To U.S. Banks, Fitch Says

Tallest Tower In Brooklyn Staring Down Foreclosure From Silverstein

Building Trades Unions Join Forces To Fight REBNY’s 421-a Wage Floor Proposal

LuxUrban Hotels Stock Plummets After Disclosing Audit, Posting $65M Loss

The Stars Were Aligned For A Green Loan Program To Take Off In NYC. Instead, It Fizzled

This Week's N.Y. Deal Sheet

Community Land Trust Shaking Up Apartment Ownership In Brooklyn

Trump Can't Post $454M Bond To Appeal Fraud Verdict, His Lawyers Say

Real Estate Investor Arrested For $77M WeWork Stock Offer Ploy

RXR Is Still Bullish On Office — But Only If It Has A Golf Simulator

TikTok Continues Its Real Estate Push Despite House Passing Bill To Ban It In U.S.

Financial District Tower To Sell For 30% Of 2014 Price In Office-To-Residential Play

This Week’s N.Y. Deal Sheet

Arrest Warrant Issued For Notorious Manhattan Apartment Landlord

Cooling Inflation Hasn't Made Construction Cheaper. Builders Explain How They're Adapting

CBRE Taps Former Morgan Stanley CRE Banking Head For Board Of Directors

Related Eyes Luxury Condo/Hotel Project After Buying 625 Madison For $630M

N.Y. Attorney General To Trump: Pay Up Or Lose Your Properties

This Week’s N.Y. Deal Sheet

Marcus & Millichap Reports $10M Loss, Shrinking Number Of Brokers

Engel Burman Files $22.5M Lawsuit Against Founder's Son In Family Feud Escalation

Trump Fined $355M, Banned From N.Y. Business In Fraud Verdict

Meta Platforms To Vacate 275K SF At Vornado's 770 Broadway

This Week’s N.Y. Deal Sheet

ChatGPT Maker OpenAI Looking For 60K SF In NYC

NYC’s Waterfronts Are Getting A Makeover For The E-Commerce Age

NYC Apartment Vacancy Falls To 1.4%, Lowest Level In Over 50 Years

41% Of U.S. Rental Housing Is In High-Risk Climate Areas, Study Finds

Retailers Are Increasingly Becoming Owners In NYC’s Hottest Corridors