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New York & Tri-State  + Finance  | 

New York People and Company News, Week of Dec. 12, 2025

  • Newmark Group has hired Peter Trollope as global head of occupier solutions, based in New York. A globally recognized real estate executive who has guided complex real estate strategies for some of the world’s largest corporations, Trollope will oversee the continued growth and evolution of Newmark’s integrated Occupier Solutions business.  
  • As part of its promotion of 27 lawyers to partner and 17 to counsel, King & Spalding promoted two New York-based real estate attorneys. Steven Mare represents banks, debt funds and other financial institutions in real estate finance transactions, while Alec Rubenstein represents institutional lenders, alternative capital providers, insurance companies, and debt funds in the origination of commercial real estate financings. 
  • Empire State Realty Trust, Inc. announced that the Empire State Building has achieved Leadership in Energy and Environmental Design (LEED) Platinum certification under the Existing Buildings: Operations + Maintenance Version 5 program, the highest level of recognition under the U.S. Green Building Council’s latest standard. The Empire State Building is the largest LEED v5 Platinum project in the United States and the first in the state of New York to earn this recognition, according to ESRT. 
  • Lument Finance Trust, Inc. has closed LMNT 2025-FL3, a $663.8-million managed Commercial Real Estate Collateralized Loan Obligation. The company placed approximately $585 million of investment-grade securities with institutional investors, providing LFT with term financing on a non-mark-to-market, non-recourse basis. LMNT 2025-FL3 includes a 30-month reinvestment period, an advance rate of 88.1%, and a weighted average interest rate at issuance of Term SOFR plus 1.91%, before transaction costs. The initial collateral pool consists of 32 first-lien floating-rate mortgage loans and participations secured by 49 multifamily and commercial properties across the U.S.
Read More News Stories About: Newmark
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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
  • ◦People