What happened, and who moved.
223 items
showing 121–180 of 223
It’s become fashionable in New York City commercial real estate to bash the state’s 485-x program, which provides tax incentives for new residential development in certain areas of the five boroughs in exchange for including affordable housing. The criticism revolves around 485-x’s higher construction wage…
NEW YORK CITY — NormAI, which provides legal and compliance services, has signed a 64,313-square-foot office lease at One World Trade Center in Lower Manhattan. The space spans the entire 60th floor and part of the 61st floor. Scott Bogetti, James Wenk and Kirill Azovtsev of Savills represented NormAI in the lease…
NEW YORK CITY — Council Advisorshas renewed its 17,685-square-foot office headquarters lease in Midtown Manhattan. The consulting firm signed a 10-year extension for its space at 685 Third Avenue, a 651,000-square-foot, newly renovated building. Daniel Horowitz, Jeffrey Peck, Roi Shleifer, Jacob Stern and Max Mond…
New York-based lender S3 Capital's nationwide expansion plans have brought it to Philadelphia.
Greystone provided $92M in Fannie Mae financing for three Section 8 communities in New York on behalf of Metropolitan Realty Group.
Cerberus buys $1.3 billion New York multifamily loan book at 92 cents on the dollar as regional banks accelerate exits from rent-regulated portfolios. The post Distressed Multifamily Debt Finds Buyers as Banks Exit New York Portfolios appeared first on Propmodo .
Greystone has provided a total of $91,851,000 in Fannie Mae loans to refinance and acquire three affordable housing communities located in New York. The financing was originated by senior managing director Eric Rosenstock and EVP Jeff Englund on behalf of Metropolitan Realty Group. The financing includes three…
Carlyle Group and Haussmann Development have plans to partner on a 99-unit apartment complex in Brooklyn’s Crown Heights neighborhood. The two developers filed plans Thursday with the New York City Department of Buildings (DOB) to bring a new 12-story mixed-use building to 566 Grand Avenue, near the corner of Grand…
New York City's largest office landlord is generating more cash than expected as companies clamor for a dwindling supply of premier Manhattan office space.
SYOSSET, N.Y. — A joint venture between Boston-based investment firm The Davis Cos. and operator GoodFriend Storage has acquired a 555-unit self-storage facility in the Long Island community of Syosset. The facility at 475 Underhill Blvd. comprises 40,344 net rentable square feet of space across two floors and 467…
NEW YORK CITY — Industrious has opened a 28,000-square-foot coworking space in Midtown Manhattan. The space spans the sixth and seventh floors of the 29-story building at 875 Third Ave. and features 226 office seats and 26 access seats. Members also have access to a range of onsite retail, fitness and culinary…
NEW YORK CITY — M&T Realty Capital Corp. has provided a $141.4 million bridge loan for the refinancing of Anagram Turtle Bay, a 194-unit apartment building located at 300 E. 50th St. in Manhattan. Designed by BKSK Architects, the 23-story building houses studio, one-, two- and three-bedroom units, as well as…
New York City is relying, in part, on more than 16,000 units planned via office-to-residential conversions to ease its enduring housing crisis. So, when the country’s largest conversion, sitting in the heart of Midtown, starts to buckle, it’s not taken lightly. The startling structural emergency at MetroLoft and…
SL Green is reaping the rewards of a resurgent New York City office market. “It might be the dead of summer, but our team is, of course, hard at work — this is truly when we shine the brightest, are completely dialed in on our business plan, and outwork the marketing,” said CEO Marc Holliday, […]
New York City apartment developers are building fewer studio apartments as they seek to make an unpopular housing incentive work for their projects.
ABILENE, TEXAS — New York City-based Dwight Capital has provided a $66 million HUD-insured construction loan for The Lariat at Abilene, a 312-unit multifamily project in West Texas. Situated on 13 acres, the garden-style property will comprise 13 three-story buildings that will house 186 one-bedroom units and 126…
SLINGERLANDS, N.Y. — Regional brokerage firm Adirondack Capital Parters (ACP) has negotiated the sale of Meadowbrook Apartments, a 98-unit building in Slingerlands, about 10 miles west of Albany. The property offers one- and two-bedroom units with private balconies/patios and amenities such as an outdoor pool,…
LIVERPOOL, N.Y. — Locally based brokerage firm Jacobson Properties has arranged the $13 million sale of a 38,913-square-foot medical office building located at 8324 Oswego Road in Liverpool, part of the Syracuse metro area. Lisa Menin of Jacobson Properties represented the undisclosed seller in the transaction and…
NEW YORK CITY — Corporate Suites has signed a 13-year, 34,857-square-foot office lease in Midtown Manhattan. The provider of flexible workspace solutions will occupy the entire 18th and 19th floors of the 22-story building at 16 E. 34th St. David Rosenbloom and Matthew Etlinger of Cushman & Wakefield represented…
On July 14, New York Gov. Kathy Hochul signed the nation’s first statewide moratorium on the building of new hyperscale data centers, pausing all state environmental permits for up to one year. The purpose, according to the governor’s announcement, is to take the time to establish “a nation-leading regulatory…
A New York distressed-debt specialist has taken control of the buildable heart of San Francisco’s largest apartment complex, using a construction loan it never got repaid to foreclose on land approved for nearly 1,700 new homes. Yellowstone Real Estate Investments has completed a foreclosure takeover of the…
JERICHO, N.Y. — Grassi, a provider of tax and accounting services, has renewed its 41,000-square-foot office lease in the Long Island community of Jericho. The space is located within 50 Jericho Quadrangle, which is situated at the intersection of Exit 40 of the Long Island Expressway and the Jericho Turnpike. Rob…
NEW YORK CITY AND CHARLOTTE, N.C. — JLL has arranged $617 million in financing for Charlotte, North Carolina-based Grubb Properties, supporting the formation of a new real estate investment trust… The post JLL Arranges $617M in Financing for Grubb Properties appeared first on Multifamily & Affordable Housing Business .
The Durst Organization and The Port Authority of New York and New Jersey announced that Mercor has signed a lease at One World Trade Center for 25,550 square feet on the 77th floor. The term length was not disclosed. With this agreement, One World Trade Center is 97% leased and Mercor joins the growing community of…
Five landlords sue New York over rent freeze process, alleging Mayor Mamdani directed Rent Guidelines Board outcome affecting one million stabilized apartments. The post Small Landlords Challenge Rent Freeze Process in New York Lawsuit appeared first on Propmodo .
A month after the New York City Rent Guidelines Board voted to freeze rents on all stabilized leases, a group of landlords has filed a lawsuit claiming that the process was illegally influenced by the mayor. The complaint, filed Wednesday, accuses the...
Following the city’s rent freeze decision in June, it was very much expected that angry New York City landlords — now burdened with even more maintenance costs and increased upkeep on rent-stabilized apartments — would take legal action to overturn the vote. And now it’s a reality. A group of five small landlords…
It’s been well documented and much lamented just how few ground-up residential units are being developed and constructed in New York City due to the limitations of 485-x, a 2-year-old state tax incentive that appears to guide most developers to a 99-unit limit on new multifamily buildings in much of the city in…
The New York City Rent Guidelines Board (RGB) recently voted to freeze rents on both one- and two-year rent-stabilized lease renewals, fulfilling one of Mayor Zohran Mamdani’s signature campaign promises. For the approximately 2 million New Yorkers living in rent-stabilized apartments, the decision was…
United Talent Agency (UTA) and Empire State Realty Trust, Inc. announced that the agency will move its New York offices to the Empire State Building next summer. The new office will feature 100,948 square feet across four floors and will house the agency’s filmed entertainment, creators, news, publishing, theatre,…
Two tenants have signed on for 6,960 square feet each at Midtown East’s 757 Third Avenue, Commercial Observer has learned. Yuco Management, a New York City-based real estate development and management firm, inked a deal to take over the entire 27th floor of the 26-story Class A office building owned by New York…
The myriad headwinds facing New York City hotel investors just got even stiffer. The Big Apple’s hospitality industry confronted rising operating and borrowing costs from persistent inflation in recent years that was further compounded by a big drop in international tourism since President Donald Trump assumed…
For a few days last week, two buckling steel columns at the Pfizer Building became the biggest real estate story in America. If you only read the headlines, you might conclude that office-to-residential conversions are suddenly in trouble. The opposite is closer to the truth. Quietly, New York has become the…
NEW YORK CITY — Nashville-based brokerage firm Matthews has negotiated the $15.2 million sale of a 19,873-square-foot mixed-use building in Lower Manhattan. The five-story building at 158 Lafayette St., which was originally constructed in 1915 and renovated in 2017, was vacant at the time of sale and is zoned to…
NEW YORK CITY — HDR has signed a 74,500-square-foot office lease at 7 Penn Plaza in Midtown Manhattan. The architecture and engineering firm will occupy the 15th, 16th and 17th floors of the 18-story, 357,000-square-foot building, which is located at 370 Seventh Ave. Andrew Wiener and Kyle Young represented the…
NEW YORK CITY — Cushman & Wakefield has arranged a $26.3 million loan for the refinancing of The Bridgeline, a 91-unit apartment building in The Bronx. The 12-story building was completed in 2018 and offers amenities such as a fitness center, a resident lounge and a rooftop terrace. Brad Domenico, Frank Stanislaski…
New York has issued an executive order temporarily pausing discretionary data center permitting while environmental impacts and grid infrastructure costs are reviewed.
JLL represented global private markets investment firm HarbourVest Partners in securing its first New York City office at Soloviev Group’s 9 W. 57th St. The 10-year lease is for 19,752 square feet on a portion of the building’s 49th floor. Headquartered in Boston, HarbourVest is among the world’s leading private…
A talent agency known for its star-studded client list is moving into New York City’s most iconic building.
Walker & Dunlop, Inc. arranged $228.9 million in financing to refinance 295 Fifth Ave., a newly redeveloped, 19-story Class A office tower in Manhattan’s Midtown South submarket. Better known as the Textile Building, the century-old landmark long served as a hub of New York City’s textile industry. Dustin Stolly,…
NEW YORK CITY — Investment management firm Axonic Capital has arranged a $72 million senior loan for the refinancing of the leasehold interest of 430 Park Avenue, a 19-story office building in Midtown Manhattan. The floating-rate loan was funded through Axonic’s affiliated insurance business. The…
Los Angeles-based United Talent Agency (UTA), known for its high-profile clients, has aptly selected New York City’s most famous office building for its new East Coast headquarters. UTA leased 100,948 square feet at the Empire State Building in a move that will consolidate its various office locations across…
Brookfield Asset Management and Canada Pension Plan Investment Board are teaming up for a $5.2B bet on the U.S. industrial market. BAM, the New York-based investment management arm of Toronto-based Brookfield Corp., and CPPIB plan to buy LXP Industrial...
HarbourVest Partners, a global private markets investment firm, is moving into its first New York City office, Commercial Observer has learned. The firm, which is headquartered in Boston, has inked a 10-year deal for 19,752 square feet on part of the 49th floor of the Soloviev Group’s 9 West 57th Street. The asking…
New York's governor signed an executive order establishing a one-year moratorium on data-center development projects with power capacities of 50 megawatts or more.
San Francisco is pursuing policy measures to increase residential apartment development in response to rental rates exceeding those in New York City.
A former pharmaceutical headquarters in New York undergoing conversion to multifamily housing has had safety netting installed due to structural concerns with buckled columns.
Jackson Laboratory leased 41,000 SF at 619 West 54th Street's Hudson Research Center, owned by Taconic Partners' Elevate Research Properties.
Third-party logistics provider Highline Commerce is expanding its industrial footprint at Brooklyn’s Industry City for the second time in four years, Commercial Observer has learned. Highline’s lease renewal at 67 34th Street in Brooklyn’s Sunset Park neighborhood tacked on another 18,000 square feet to its…
This is a news article published by Inside Self-Storage in July 2026 reporting on a lawsuit settlement between Extra Space Storage, a self-storage REIT, and the New York City Department of Consumer and Worker Protection. The item covers a legal matter involving the self-storage sector with relevance to New York City operations.
Bentley Zhao’s New Empire Corporation, a New York City-based developer of residential mixed-use buildings, dropped $33.5 million to acquire a Midtown parking garage at 10 East 30th Street, according to a deed filed in property records on Thursday. The purchase, made through the entity Rolls Yacht Tower Management,…
The New York City Rent Guidelines Board’s decision to impose the first-ever two-year freeze on rent-stabilized apartments raises a simple question: Why commission months of economic research if you’re going to ignore it? Or put another way: If the Rent Guidelines Board (RGB) ignores its own data, why do we need the…
NEW YORK CITY — A joint venture between Global Holdings and MAG Partners will develop a 149-unit apartment building in Manhattan’s SoHo district. The new building at 122 Varick St. will include 5,000 square feet of ground-floor retail space, and 25 percent of the units will be designated as permanently affordable…
DENVER — Jason Hornik and Greg Parker with Marcus & Millichap’s Denver office have brokered the sale of The Jewell at 4470 E. Jewell Ave. in Denver. A New York-based… The post Marcus & Millichap Brokers Sale of The Jewell in Denver appeared first on Multifamily & Affordable Housing Business .
The post New York People and Company News, Week of July 17, 2026 appeared first on Connect CRE .
Locally based Synergy and New York-based Axonic Capital have acquired 265 Franklin St., a 21-story Class A office tower in Downtown Boston. The acquisition marks the first joint venture between the two firms. The seller was Clarendon Properties and the acquisition price was $116 million, according to the Boston…
A vast majority of cooling towers in New York City have been out of compliance with city health laws over the past decade, which could complicate the city's response to its second major Legionnaires’ disease outbreak in as many years. Since 2017,...
Mayor Zohran Mamdani on Thursday issued the Rental Ripoff Report, a package of 23 tenant protection recommendations. The Real Estate Board of New York (REBNY) responded with a statement from President James Whelan saying that the administration “continues to paint property owners with a broad brush, unfairly…
Scoop N Scootery, a rapidly expanding ice cream franchise with 10 locations across seven states, has selected Bleecker Street for its first New York City location. Lee & Associates NYC arranged the 1,325-square-foot retail lease at 162 Bleecker St., where the company signed a 15-year lease for the ground-floor…
PARAMUS, N.J. — RH Outlet has opened a 50,700-square-foot store in the Northern New Jersey community of Paramus. The luxury home furnishings retailer has relocated its Paramus store from an unspecified, nearby space to a freestanding building within Ikea Drive Plaza. Curtis Nassau and Patrick Brake of RIPCO Real…