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535-545 Fifth Ave
News

LNR Moves To Foreclose On Moinian After $310M Loan Default

... at maturity in March. UPDATE, JULY 11, 12:05 P.M. ET: This story has been updated to include a statement ...

Jul 10, 2025
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Naftali Group CEO Miki Naftali in front of a model of the JEM Private Residences, his first project in South Florida.
News

Miki Naftali Shrugs At South Florida Boom Talk After Mamdani Win

... the project. “But my argument is the following: When I'm done with [Jem Residences], I will be one of the ...

Jul 09, 2025
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105-20 66th Road, part of the 12-building Forest Hills co-op whose board is struggling with mounting costs, including Local Law 97 fines.
News

Building Owners Got A Long Leash For Local Law 97 Reporting. Some Are Still Scrambling

... CEO of sustainability consultancy firm The Cotocon Group. “What I'm hearing is a lot of misbelief that the law is ...

Jul 08, 2025
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The exterior of the base of 5 Times Square.
News

RXR Lands $575M For 5 Times Square Conversion: The N.Y. Deal Sheet

... since 2011, when it paid $12.8M to acquire it. *** M&T Realty Corp. originated a $50M mortgage to refinance the ...

Jun 24, 2025
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Integritas Capital founder Stephen Palmese
News

Why Stephen Palmese Left JLL: To Back Overlooked Developers

... small managed account for a specific strategy?’” he said. “I'm seeing more opportunities on a daily, weekly basis than I ...

Jun 20, 2025
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660 Madison Ave., where Barneys once occupied nine floors.
News

Billionaire Property Mogul Ben Ashkenazy Raises $750M For Comeback

... ’s lenders on Union Station. CORRECTION, JUNE 13, 5 P.M. ET: Ashkenazy sold Faneuil Hall in 2024. A previous version ...

Jun 13, 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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Vornado's Glen Weiss, Citadel's Paul Darrah and Cushman & Wakefield's Bruce Mosler onstage at Bisnow's 2025 New York Office and Workplace conference.
News

Manhattan's Trophy Office Owners Won't Let Tariffs Rain On Their Parade

... just need to manage.” UPDATE, MAY 22, 9:52 A.M. ET: This story has been updated to provide more context ...

May 21, 2025
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Pfizer World HQ Midtown
News

This Week's N.Y. Deal Sheet: Madison Realty Capital Lends $720M On Pfizer HQ Conversion

... PincusCo reported. The new debt comes from M&T Bank through the entity Manufactures And Traders ... has yet to receive permits.  *** L+M Development nabbed a $36.9M mortgage from ... $32M mortgage with Goldman Sachs. L+M has owned the 86K SF property since 2016 ...

May 20, 2025
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