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<title>Bisnow News Feed</title>
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<description>Bisnow New York News</description>
<docs>http://blogs.law.harvard.edu/tech/rss</docs>
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<title>Value Of Tishman Speyer's Long Island City Office Complex Slashed In Loan Workout</title>
<link>https://www.bisnow.com/new-york/news/office/tishman-speyers-jacx-nets-loan-modification-after-towers-value-slashed-134628</link>
<guid>https://www.bisnow.com/new-york/news/office/tishman-speyers-jacx-nets-loan-modification-after-towers-value-slashed-134628</guid>
<description>Tishman Speyer has dodged an imminent maturity default on its 1.2M SF Long Island City office tower, buying time to fill a major vacancy.</description>
<author>ciara.long@bisnow.com</author>
<pubDate>Mon, 18 May 2026 15:40:15 -0400</pubDate>
<content:encoded><![CDATA[Tishman Speyer has dodged an imminent maturity default on its 1.2M SF Long Island City office tower, buying time to fill a major vacancy.]]></content:encoded>
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<title>Westchester Banks On Attracting More Reverse Commuters From NYC</title>
<link>https://www.bisnow.com/new-york/news/economic-development/westchester-county-metro-north-reverse-commute-nyc-134652</link>
<guid>https://www.bisnow.com/new-york/news/economic-development/westchester-county-metro-north-reverse-commute-nyc-134652</guid>
<description>As bridge-and-tunnel crowds stream into Manhattan each morning, a growing number of New Yorkers are heading the other way, reverse commuting to jobs beyond the city limits.</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Tue, 19 May 2026 17:01:26 -0400</pubDate>
<content:encoded><![CDATA[As bridge-and-tunnel crowds stream into Manhattan each morning, a growing number of New Yorkers are heading the other way, reverse commuting to jobs beyond the city limits.]]></content:encoded>
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<title>Discussing How To Bring Value To Healthcare Spaces At Bisnow's June 24 Healthcare Conference</title>
<link>https://www.bisnow.com/new-york/news/architecture-design/ewingcole-value-healthcare-spaces-bisnow-june-24-healthcare-conference-studiob-134421</link>
<guid>https://www.bisnow.com/new-york/news/architecture-design/ewingcole-value-healthcare-spaces-bisnow-june-24-healthcare-conference-studiob-134421</guid>
<description>Patients today have significantly more choices, and less loyalty, for where and how they receive care. This shift is forcing healthcare systems to think much more intentionally about how to optimize their real-estate portfolios while prioritizing higher-quality...</description>
<author>elizabeth.reyn@bisnow.com</author>
<pubDate>Tue, 05 May 2026 10:46:44 -0400</pubDate>
<content:encoded><![CDATA[Patients today have significantly more choices, and less loyalty, for where and how they receive care. This shift is forcing healthcare systems to think much more intentionally about how to optimize their real-estate portfolios while prioritizing higher-quality individualized care.
Architecture and engineering firm EwingCole lends its expertise to New York’s healthcare sector, often resulting in adaptive reuse developments and program expansions to existing sites. EwingCole principal Sophie Buttiens is at the helm of design and programming focused on ambulatory and outpatient environments, helping healthcare organizations align real estate strategy with evolving models of care.
Some of EwingCole’s projects involve converting retail spaces into medical facilities across New York City and Long...]]></content:encoded>
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<title>Naftali, Access Refi Williamsburg Wharf For $374M: The N.Y. Deal Sheet</title>
<link>https://www.bisnow.com/new-york/news/deal-sheet/naftali-access-net-374m-refi-williamsburg-wharf-ny-deal-sheet-134642</link>
<guid>https://www.bisnow.com/new-york/news/deal-sheet/naftali-access-net-374m-refi-williamsburg-wharf-ny-deal-sheet-134642</guid>
<description>Naftali Group and Access Real Estate scored a huge refinancing for their master-planned, 3.75-acre development on the East River in Williamsburg.</description>
<author>ciara.long@bisnow.com</author>
<pubDate>Tue, 19 May 2026 13:09:24 -0400</pubDate>
<content:encoded><![CDATA[Naftali Group and Access Real Estate scored a huge refinancing for their master-planned, 3.75-acre development on the East River in Williamsburg.]]></content:encoded>
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<title>Newmark Is Chasing Nightingale's Co-Founder For $3M. His Firm Just Bought A $25M Building</title>
<link>https://www.bisnow.com/national/news/commercial-real-estate/newmark-is-chasing-nightingales-co-founder-for-3m-his-firm-just-bought-a-25m-building-134623</link>
<guid>https://www.bisnow.com/national/news/commercial-real-estate/newmark-is-chasing-nightingales-co-founder-for-3m-his-firm-just-bought-a-25m-building-134623</guid>
<description>Newmark is asking a New York court to compel Simon Singer, co-founder of Nightingale Properties and the firm's former president, to produce financial records as it tries to collect on a $3M judgment that Singer and his family trust have yet to pay. 
Singer's...</description>
<author>mark.bonner@bisnow.com</author>
<pubDate>Mon, 18 May 2026 12:14:09 -0400</pubDate>
<content:encoded><![CDATA[Newmark is asking a New York court to compel Simon Singer, co-founder of Nightingale Properties and the firm's former president, to produce financial records as it tries to collect on a $3M judgment that Singer and his family trust have yet to pay. 
Singer's attorneys have appealed the judgment and argue that Newmark shouldn't be able to collect because of its work representing his former business partner, Elie Schwartz, as he was defrauding investors in Nightingale deals to the tune of $63M.]]></content:encoded>
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<title>NYC Unveils Reforms To Slash Housing Development Timelines</title>
<link>https://www.bisnow.com/new-york/news/construction-development/speed-task-force-zohran-mamdani-affordable-housing-construction-134588</link>
<guid>https://www.bisnow.com/new-york/news/construction-development/speed-task-force-zohran-mamdani-affordable-housing-construction-134588</guid>
<description>In an effort to tackle the housing crisis, the Mamdani administration released a set of recommendations that would overhaul every part of the development process and could cut years off of schedules. 
The 36-page report, published Wednesday, was created...</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Thu, 14 May 2026 14:04:00 -0400</pubDate>
<content:encoded><![CDATA[In an effort to tackle the housing crisis, the Mamdani administration released a set of recommendations that would overhaul every part of the development process and could cut years off of schedules. 
The 36-page report, published Wednesday, was created by the Streamlining Procedures to Expedite Equitable Development task force, referred to as SPEED. The group was formed on Mayor Zohran Mamdani’s first day in office and has since met with more than 100 industry experts, advocates, developers, builders and trade organizations, according to the city’s announcement of the report.
The changes are expected to reduce timelines for all affordable housing projects by eight months....]]></content:encoded>
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<title>COPA Is Back: Council Revives Bill To Give Housing Groups First Dibs On Some Buildings</title>
<link>https://www.bisnow.com/new-york/news/multifamily/copa-revived-target-distressed-multifamily-buildings-134585</link>
<guid>https://www.bisnow.com/new-york/news/multifamily/copa-revived-target-distressed-multifamily-buildings-134585</guid>
<description>The Community Opportunity to Purchase Act is back on the table less than six months after it was vetoed by then-Mayor Eric Adams — in a less dramatic form. 
A new version of the controversial bill was introduced Thursday with the backing of 22...</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Thu, 14 May 2026 12:33:33 -0400</pubDate>
<content:encoded><![CDATA[The Community Opportunity to Purchase Act is back on the table less than six months after it was vetoed by then-Mayor Eric Adams — in a less dramatic form. 
A new version of the controversial bill was introduced Thursday with the backing of 22 New York City Council members. The legislation would give certain nonprofits first dibs to purchase multifamily properties that hit the market or receive an offer.]]></content:encoded>
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<title>Charles Cohen Defaults On $150M Decoration &amp; Design Building Loan</title>
<link>https://www.bisnow.com/new-york/news/capital-markets/charles-cohen-defaults-on-decoration-design-building-150m-loan-134569</link>
<guid>https://www.bisnow.com/new-york/news/capital-markets/charles-cohen-defaults-on-decoration-design-building-150m-loan-134569</guid>
<description>Another crown jewel of billionaire Charles Cohen's real estate portfolio is at risk.</description>
<author>ethan.rothstein@bisnow.com</author>
<pubDate>Wed, 13 May 2026 17:08:31 -0400</pubDate>
<content:encoded><![CDATA[Another crown jewel of billionaire Charles Cohen's real estate portfolio is at risk.]]></content:encoded>
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<title>Proprietary Data Obsession Is Holding Real Estate Back From AI</title>
<link>https://www.bisnow.com/national/news/ai/no-one-cares-about-your-data-fears-of-leaks-implementation-holds-cre-back-from-ai-134564</link>
<guid>https://www.bisnow.com/national/news/ai/no-one-cares-about-your-data-fears-of-leaks-implementation-holds-cre-back-from-ai-134564</guid>
<description>In real estate, data might as well be currency. 
Neighborhood demographics, vacancy rates and sales figures are tracked by nearly every brokerage and developer. The numbers inform daily decision-making, and, to defend against competition, many are kept...</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Wed, 13 May 2026 15:57:46 -0400</pubDate>
<content:encoded><![CDATA[In real estate, data might as well be currency. 
Neighborhood demographics, vacancy rates and sales figures are tracked by nearly every brokerage and developer. The numbers inform daily decision-making, and, to defend against competition, many are kept under lock and key.
But a sacrifice may be needed if executives want to reap the benefits of artificial intelligence, proptech experts said at Bisnow’s New York AI & Technology event on Wednesday.
“Real estate companies are in this difficult place where they feel like they have all this special data. They don't want Claude or OpenAI to have access to the data,” Fundrise CEO Ben...]]></content:encoded>
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<title>Developer Lands $72M To Build Williamsburg Luxury Gym: The N.Y. Deal Sheet</title>
<link>https://www.bisnow.com/new-york/news/deal-sheet/life-time-double-u-realty-williamsburg-lorimer-capital-deal-sheet-134544</link>
<guid>https://www.bisnow.com/new-york/news/deal-sheet/life-time-double-u-realty-williamsburg-lorimer-capital-deal-sheet-134544</guid>
<description>Double U Realty scored a $72M construction loan for a luxury Life Time sports facility coming to Williamsburg. </description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Tue, 12 May 2026 14:10:55 -0400</pubDate>
<content:encoded><![CDATA[Double U Realty scored a $72M construction loan for a luxury Life Time sports facility coming to Williamsburg. ]]></content:encoded>
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<title>Judge Tosses Core Club's RICO, Fraud Claims Against Shvo</title>
<link>https://www.bisnow.com/new-york/news/commercial-real-estate/judge-tosses-core-club-racketeering-fraud-claims-against-shvo-134545</link>
<guid>https://www.bisnow.com/new-york/news/commercial-real-estate/judge-tosses-core-club-racketeering-fraud-claims-against-shvo-134545</guid>
<description>Embattled luxury real estate developer Michael Shvo scored a major victory in court Monday when a judge dismissed claims of fraud and racketeering lobbed against him by a members-only club that is a tenant in his Fifth Avenue building.</description>
<author>ethan.rothstein@bisnow.com</author>
<pubDate>Tue, 12 May 2026 13:36:08 -0400</pubDate>
<content:encoded><![CDATA[Embattled luxury real estate developer Michael Shvo scored a major victory in court Monday when a judge dismissed claims of fraud and racketeering lobbed against him by a members-only club that is a tenant in his Fifth Avenue building.]]></content:encoded>
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<title>NYC Tenant Unions Are Multiplying. Mayor Mamdani Is In Their Corner</title>
<link>https://www.bisnow.com/new-york/news/multifamily/union-of-pinnacle-tenants-cea-weaver-zohran-mamdani-summit-properties-134528</link>
<guid>https://www.bisnow.com/new-york/news/multifamily/union-of-pinnacle-tenants-cea-weaver-zohran-mamdani-summit-properties-134528</guid>
<description>In the weeks after the bankruptcy sale of more than 5,200 New York City apartments closed, the properties' new management found itself in meetings with a group of tenants demanding repairs to their deteriorating buildings.
The renters are seeking to negotiate...</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Mon, 11 May 2026 15:22:20 -0400</pubDate>
<content:encoded><![CDATA[In the weeks after the bankruptcy sale of more than 5,200 New York City apartments closed, the properties' new management found itself in meetings with a group of tenants demanding repairs to their deteriorating buildings.
The renters are seeking to negotiate on behalf of what has rapidly become one of the largest tenant unions of its kind in New York City, formed during the bankruptcy proceedings of Pinnacle Group. 
Unlike tenant movements of the past, the Union of Pinnacle Tenants has powerful allies. 
Cea Weaver, whom Mayor Zohran Mamdani tapped to lead the revived Office of Tenant Protection, has sat in on discussions between residents and Summit...]]></content:encoded>
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<title>Joseph Fingerman, Signature Bank's Former CRE Head, Is Growing A New Lending Force</title>
<link>https://www.bisnow.com/new-york/news/capital-markets/joseph-fingerman-peapack-private-bank-signature-134508</link>
<guid>https://www.bisnow.com/new-york/news/capital-markets/joseph-fingerman-peapack-private-bank-signature-134508</guid>
<description>In the financial capital of the world, an old player has planted an aggressive new flag. At its head is a familiar face.
Peapack Private executives watched its peers exit the market — in part due to the collapses of three financial institutions —...</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Fri, 08 May 2026 16:48:07 -0400</pubDate>
<content:encoded><![CDATA[In the financial capital of the world, an old player has planted an aggressive new flag. At its head is a familiar face.
Peapack Private executives watched its peers exit the market — in part due to the collapses of three financial institutions — leaving the opportunity for the century-old bank to enter a new era. They went on a hiring spree, opened a new flagship and brought in Joseph Fingerman, a high-ranking executive at one of those failed banks, to lead its rapidly growing commercial real estate arm.]]></content:encoded>
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<title>Rent Guidelines Board Paves Way For Rent Freeze In Preliminary Vote</title>
<link>https://www.bisnow.com/new-york/news/multifamily/rent-guidelines-board-rent-freeze-preliminary-vote-134494</link>
<guid>https://www.bisnow.com/new-york/news/multifamily/rent-guidelines-board-rent-freeze-preliminary-vote-134494</guid>
<description>In a highly anticipated preliminary vote, New York City's Rent Guidelines Board kicked the door wide open for a rent freeze across the city's 1 million apartments.</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Thu, 07 May 2026 20:53:05 -0400</pubDate>
<content:encoded><![CDATA[In a highly anticipated preliminary vote, New York City's Rent Guidelines Board kicked the door wide open for a rent freeze across the city's 1 million apartments.]]></content:encoded>
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<title>Soloviev To Pocket $526M In 9 W. 57th St. Refi</title>
<link>https://www.bisnow.com/new-york/news/capital-markets/soloviev-18b-loan-cash-in-on-9-west-57th-134486</link>
<guid>https://www.bisnow.com/new-york/news/capital-markets/soloviev-18b-loan-cash-in-on-9-west-57th-134486</guid>
<description>Sheldon Solow famously kept occupancy low for decades at 9 W. 57th St., preferring exclusivity over cash flow at the office tower overlooking Central Park.
His son, Stefan Soloviev, took a different approach after inheriting the family business in 2020....</description>
<author>ethan.rothstein@bisnow.com</author>
<pubDate>Thu, 07 May 2026 14:32:18 -0400</pubDate>
<content:encoded><![CDATA[Sheldon Solow famously kept occupancy low for decades at 9 W. 57th St., preferring exclusivity over cash flow at the office tower overlooking Central Park.
His son, Stefan Soloviev, took a different approach after inheriting the family business in 2020. He spent $53M renovating the building, pushed occupancy above 91% and is now poised to cash out in a major way.
Soloviev is set to pocket more than $500M through a refinancing of the Billionaires’ Row tower.]]></content:encoded>
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<title>City Fines Bronx 'Worst Landlords' $31M, Pushes To Intervene In Foreclosure</title>
<link>https://www.bisnow.com/new-york/news/multifamily/zohran-mamdani-bronx-landlords-karan-singh-rajmattie-persaud-court-judgment-134452</link>
<guid>https://www.bisnow.com/new-york/news/multifamily/zohran-mamdani-bronx-landlords-karan-singh-rajmattie-persaud-court-judgment-134452</guid>
<description>After racking up almost 2,000 violations, two Bronx landlords have been ordered to pay tens of millions of dollars in penalties over the conditions of their buildings. 
Karan Singh and Rajmattie Persaud, the owners of Robert Fulton Terrace and Fordham...</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Wed, 06 May 2026 11:25:26 -0400</pubDate>
<content:encoded><![CDATA[After racking up almost 2,000 violations, two Bronx landlords have been ordered to pay tens of millions of dollars in penalties over the conditions of their buildings. 
Karan Singh and Rajmattie Persaud, the owners of Robert Fulton Terrace and Fordham Towers, have been slapped with a $31M judgment in a lawsuit brought by the New York City Department of Housing Preservation and Development, Mayor Zohran Mamdani and HPD Commissioner Dina Levy announced Wednesday. ]]></content:encoded>
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<title>Cleary Gottlieb Downsizing To 475K SF At One Liberty Plaza: The N.Y. Deal Sheet</title>
<link>https://www.bisnow.com/new-york/news/deal-sheet/cleary-gottlieb-one-liberty-plaza-134434</link>
<guid>https://www.bisnow.com/new-york/news/deal-sheet/cleary-gottlieb-one-liberty-plaza-134434</guid>
<description>April in New York City's commercial real estate market was defined by another flurry of large office leases, most notably Cleary Gottlieb Steen &amp; Hamilton’s 475K SF deal at One Liberty Plaza. 
The law firm is already a tenant in Brookfield Properties’...</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Tue, 05 May 2026 14:26:30 -0400</pubDate>
<content:encoded><![CDATA[April in New York City's commercial real estate market was defined by another flurry of large office leases, most notably Cleary Gottlieb Steen & Hamilton’s 475K SF deal at One Liberty Plaza. 
The law firm is already a tenant in Brookfield Properties’ Financial District skyscraper. As part of the 20-year lease renewal, it will be moving into higher, newly redesigned floors. ]]></content:encoded>
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<title>Ken Griffin: Citadel NYC Tower 'Probably' Going Ahead Despite Mamdani Video</title>
<link>https://www.bisnow.com/new-york/news/economy/vornado-steve-roth-mamdani-ken-griffin-citadel-134431</link>
<guid>https://www.bisnow.com/new-york/news/economy/vornado-steve-roth-mamdani-ken-griffin-citadel-134431</guid>
<description>Despite claiming that New York City Mayor Zohran Mamdani put him “in harm's way” by filming a viral video outside of his $238M penthouse, billionaire Ken Griffin says he will still “probably go through with” building a $6B tower on Park Avenue...</description>
<author>ethan.rothstein@bisnow.com</author>
<pubDate>Tue, 05 May 2026 12:40:48 -0400</pubDate>
<content:encoded><![CDATA[Despite claiming that New York City Mayor Zohran Mamdani put him “in harm's way” by filming a viral video outside of his $238M penthouse, billionaire Ken Griffin says he will still “probably go through with” building a $6B tower on Park Avenue for his hedge fund, Citadel.]]></content:encoded>
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<title>Developer Pitches 1.2M SF Mixed-Use Project To Replace East Flatbush Retail Strip</title>
<link>https://www.bisnow.com/new-york/news/construction-development/bawabeh-east-flatbush-rezoning-134418</link>
<guid>https://www.bisnow.com/new-york/news/construction-development/bawabeh-east-flatbush-rezoning-134418</guid>
<description>A low-key Brooklyn developer has massive ambitions for a block of one-story retail shops next to elevated subway tracks in East Flatbush.</description>
<author>ethan.rothstein@bisnow.com</author>
<pubDate>Mon, 04 May 2026 17:17:53 -0400</pubDate>
<content:encoded><![CDATA[A low-key Brooklyn developer has massive ambitions for a block of one-story retail shops next to elevated subway tracks in East Flatbush.]]></content:encoded>
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<title>Gencom's Karim Alibhai Looks West After $1B East Coast Buying Spree</title>
<link>https://www.bisnow.com/national/news/capital-markets/gencom-looks-to-the-west-after-1b-east-coast-buying-spree-134373</link>
<guid>https://www.bisnow.com/national/news/capital-markets/gencom-looks-to-the-west-after-1b-east-coast-buying-spree-134373</guid>
<description>Hospitality-focused investment and development firm Gencom has spent more than $1B on acquiring five luxury hotels in New York and Miami over the past two years. It has no plans to slow down.</description>
<author>chloe.gallivan@bisnow.com</author>
<pubDate>Thu, 30 Apr 2026 14:57:36 -0400</pubDate>
<content:encoded><![CDATA[Hospitality-focused investment and development firm Gencom has spent more than $1B on acquiring five luxury hotels in New York and Miami over the past two years. It has no plans to slow down.]]></content:encoded>
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<title>Oxford Properties Hires MetLife Exec As New Head Of U.S.</title>
<link>https://www.bisnow.com/national/news/commercial-real-estate/oxford-properties-names-new-head-of-us-134367</link>
<guid>https://www.bisnow.com/national/news/commercial-real-estate/oxford-properties-names-new-head-of-us-134367</guid>
<description>The Canadian co-developer of the nation's largest mixed-use development appointed a new executive vice president and head of U.S. — the latest in a series of changes at the top of the company over the past year.</description>
<author>chloe.gallivan@bisnow.com</author>
<pubDate>Thu, 30 Apr 2026 12:18:29 -0400</pubDate>
<content:encoded><![CDATA[The Canadian co-developer of the nation's largest mixed-use development appointed a new executive vice president and head of U.S. — the latest in a series of changes at the top of the company over the past year.]]></content:encoded>
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<title>REPORT: Anthropic Closing In On Full-Building Lease In Hudson Square</title>
<link>https://www.bisnow.com/new-york/news/office/anthropic-closing-in-on-full-building-deal-at-330-hudson-134365</link>
<guid>https://www.bisnow.com/new-york/news/office/anthropic-closing-in-on-full-building-deal-at-330-hudson-134365</guid>
<description>Artificial intelligence giant Anthropic is nearing a deal to cement a major Manhattan expansion.</description>
<author>ciara.long@bisnow.com</author>
<pubDate>Thu, 30 Apr 2026 11:35:38 -0400</pubDate>
<content:encoded><![CDATA[Artificial intelligence giant Anthropic is nearing a deal to cement a major Manhattan expansion.]]></content:encoded>
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<media:thumbnail url='https://cdn.bisnow.net/fit?height=350&amp;type=jpeg&amp;url=https%3A%2F%2Fs3.amazonaws.com%2Fcdn.bisnow.net%2Fcontent%2Fimages%2F2025%2F06%2F683f61ccf091d-img_3572-3.jpeg&amp;width=710&amp;sign=EHiqLuZv24QqqMivr4hadze9__1rYlZFYr-Uc5LOkFo' width='710' height='350' />
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<title>N.Y. AG Accuses Brooklyn Condo Developer Of Ignoring Subpoena</title>
<link>https://www.bisnow.com/new-york/news/multifamily/attorney-general-barry-leon-louis-greco-475-washington-134357</link>
<guid>https://www.bisnow.com/new-york/news/multifamily/attorney-general-barry-leon-louis-greco-475-washington-134357</guid>
<description>The state Attorney General's Office is investigating two Brooklyn developers over allegations of misappropriating funds and failing to comply with condo conversion laws, and it is getting tired of being stonewalled.</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Wed, 29 Apr 2026 18:25:44 -0400</pubDate>
<content:encoded><![CDATA[The state Attorney General's Office is investigating two Brooklyn developers over allegations of misappropriating funds and failing to comply with condo conversion laws, and it is getting tired of being stonewalled.]]></content:encoded>
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<title>Sovereign, HudsonPoint Buy 575 Fifth Ave. For $378M: The N.Y. Deal Sheet</title>
<link>https://www.bisnow.com/new-york/news/deal-sheet/sovereign-partners-metlife-575-fifth-avenue-134327</link>
<guid>https://www.bisnow.com/new-york/news/deal-sheet/sovereign-partners-metlife-575-fifth-avenue-134327</guid>
<description>MetLife and Beacon Capital Partners have closed the sale of 575 Fifth Ave., four years after first putting the property on the market.</description>
<author>ciara.long@bisnow.com</author>
<pubDate>Tue, 28 Apr 2026 13:53:46 -0400</pubDate>
<content:encoded><![CDATA[MetLife and Beacon Capital Partners have closed the sale of 575 Fifth Ave., four years after first putting the property on the market.]]></content:encoded>
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<title>Hyundai Taps REIT To Find Tenants For $274M Building It Never Occupied</title>
<link>https://www.bisnow.com/new-york/news/office/hyundai-motor-group-tribeca-sl-green-office-15-laight-street-134325</link>
<guid>https://www.bisnow.com/new-york/news/office/hyundai-motor-group-tribeca-sl-green-office-15-laight-street-134325</guid>
<description>More than three years after Hyundai Motor Group paid nearly $300M in cash for a newly built Tribeca building it intended to turn into an office and showroom, it has decided it would rather lease it out to other companies.</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Tue, 28 Apr 2026 12:59:17 -0400</pubDate>
<content:encoded><![CDATA[More than three years after Hyundai Motor Group paid nearly $300M in cash for a newly built Tribeca building it intended to turn into an office and showroom, it has decided it would rather lease it out to other companies.]]></content:encoded>
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<title>Paramount Group Gets New Name, $250M Portfolio Revamp Under New Owner</title>
<link>https://www.bisnow.com/national/news/office/rithm-infusing-250m-into-former-paramount-portfolio-rebranding-company-134320</link>
<guid>https://www.bisnow.com/national/news/office/rithm-infusing-250m-into-former-paramount-portfolio-rebranding-company-134320</guid>
<description>Five months after New York City-based office REIT Paramount Group was acquired by Rithm Capital Corp., the landlord has been rebranded as Elecor Properties, Rithm announced Tuesday.</description>
<author>jarred@bisnow.com</author>
<pubDate>Tue, 28 Apr 2026 11:44:42 -0400</pubDate>
<content:encoded><![CDATA[Five months after New York City-based office REIT Paramount Group was acquired by Rithm Capital Corp., the landlord has been rebranded as Elecor Properties, Rithm announced Tuesday.]]></content:encoded>
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<title>Flagstar Swallows $4.8M Loss To Shed Performing Rent-Stabilized Loan</title>
<link>https://www.bisnow.com/new-york/news/multifamily/alma-realty-signs-83m-cmbs-rent-stabilized-crown-heights-apartments-134310</link>
<guid>https://www.bisnow.com/new-york/news/multifamily/alma-realty-signs-83m-cmbs-rent-stabilized-crown-heights-apartments-134310</guid>
<description>In a sign of just how badly Flagstar Bank wants to reduce its exposure to rent-stabilized buildings in New York City, it offered one of its borrowers a nearly $5M discount if it could refinance its loan, even though the buildings were full and the mortgage...</description>
<author>ciara.long@bisnow.com</author>
<pubDate>Mon, 27 Apr 2026 17:24:11 -0400</pubDate>
<content:encoded><![CDATA[In a sign of just how badly Flagstar Bank wants to reduce its exposure to rent-stabilized buildings in New York City, it offered one of its borrowers a nearly $5M discount if it could refinance its loan, even though the buildings were full and the mortgage was being paid on time.]]></content:encoded>
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<title>Rising Oil Prices Cast Uncertainty Over NYC's Booming Building Pipeline</title>
<link>https://www.bisnow.com/new-york/news/construction-development/rising-oil-prices-cast-uncertainty-over-nycs-booming-building-pipeline-134287</link>
<guid>https://www.bisnow.com/new-york/news/construction-development/rising-oil-prices-cast-uncertainty-over-nycs-booming-building-pipeline-134287</guid>
<description>Contractors are worried that cost increases linked to the war in Iran could push prices up for the wave of planned developments in New York City. </description>
<author>ciara.long@bisnow.com</author>
<pubDate>Fri, 24 Apr 2026 15:39:55 -0400</pubDate>
<content:encoded><![CDATA[Contractors are worried that cost increases linked to the war in Iran could push prices up for the wave of planned developments in New York City. ]]></content:encoded>
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<title>Brooklyn Is All The Rage. Why Isn't Its Retail Booming?</title>
<link>https://www.bisnow.com/new-york/news/retail/brooklyn-retail-stores-williamsburg-downtown-brooklyn-134283</link>
<guid>https://www.bisnow.com/new-york/news/retail/brooklyn-retail-stores-williamsburg-downtown-brooklyn-134283</guid>
<description>Living in any of Bedford-Stuyvesant, Bushwick or Sunset Park comes with a distinct but equally trendy reputation for Brooklyn’s young professionals — one that brands, in theory, would love to latch onto. 
Yet, securing the right retail remains...</description>
<author>sasha.jones@bisnow.com</author>
<pubDate>Fri, 24 Apr 2026 14:26:45 -0400</pubDate>
<content:encoded><![CDATA[Living in any of Bedford-Stuyvesant, Bushwick or Sunset Park comes with a distinct but equally trendy reputation for Brooklyn’s young professionals — one that brands, in theory, would love to latch onto. 
Yet, securing the right retail remains a challenge in many parts of the borough, brokers and developers said Thursday at Bisnow’s Brooklyn State of the Market. ]]></content:encoded>
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<title>Gary Barnett Files Plans For Upper West Side Supertall</title>
<link>https://www.bisnow.com/new-york/news/multifamily/gary-barnett-extell-files-plans-upper-west-side-supertall-134257</link>
<guid>https://www.bisnow.com/new-york/news/multifamily/gary-barnett-extell-files-plans-upper-west-side-supertall-134257</guid>
<description>Extell Development’s plan for a controversial tower in one of Manhattan's most development-averse neighborhoods is coming into focus.</description>
<author>ciara.long@bisnow.com</author>
<pubDate>Thu, 23 Apr 2026 13:25:16 -0400</pubDate>
<content:encoded><![CDATA[Extell Development’s plan for a controversial tower in one of Manhattan's most development-averse neighborhoods is coming into focus.]]></content:encoded>
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