Manhattan
CMBS Special Servicing Posts Modest Uptick in November
The Trepp CMBS Special Servicing Rate increased by four basis points in November, rising to 6.84%, the analytics firm reported.… Read more
Urban Retail is Back, Baby
A little more than three years ago, urban retail was all but dead. The lockdown resulting from the COVID-19 pandemic… Read more
Return to Lender: Week of Dec. 7, 2023
Coretrust Capital Partners’ Pasarroyo office building, located in Pasadena, CA, is set for a foreclosure auction on Dec. 20, according… Read more
SL Green to Sell 625 Madison Ave for $633M
SL Green Realty Corp., Manhattan’s largest office landlord, has entered into a contract to sell the fee ownership interest in… Read more
Office Accounts for Nearly 75% of New CMBS Distress
CMBS loans totaling $2.1 billion were added to the distress rate in November, with office accounting for nearly three-quarters (74.6%,… Read more
Michael Colacino Joins JLL to Lead Tri-State Brokerage
JLL has appointed Michael Colacino as president of the Tri-State Brokerage. Colacino will be based in Manhattan and will lead… Read more
Blinds To Go to Open in Upper East Side
Blinds To Go is set to debut its inaugural Manhattan storefront at 1011 Third Avenue, taking over the former Dylan’s… Read more
Northwell Health Receives Historic Contribution to Expand in NY
Northwell’s annual Constellation Gala revealed the naming of the forthcoming Upper East Side medical hub as the Victoria and Lloyd… Read more
WeWork to Dump 35 NYC Office Leases After Bankruptcy Filing
WeWork has filed for Chapter 11 bankruptcy protection, a significant downturn for the office-sharing company that once enjoyed Wall Street’s… Read more
WSCF Announces Fall 2023 Grant Recipients
The West Side Community Fund (WSCF) has announced the allocation of $100,000 to 21 grant recipients as part of its… Read more
WeWork Files Chapter 11 Bankruptcy
WeWork, the Softbank Group-backed office share company, filed for Chapter 11 bankruptcy protection in New Jersey federal court on Monday.… Read more
Brookfield Fires C&W From Handling Major US Office Listings
Brookfield Asset Management has terminated its real estate listings contract with Cushman & Wakefield in the United States, first reported… Read more
Food Bazaar Coming to Inwood Mixed-Use Development
JLL completed a new retail lease with Food Bazaar Supermarket to open a 37,000-square-foot full-service grocery store located at 375… Read more
Dermot Refis Upper West Side Luxury Apts. via KKR
The Dermot Company, in partnership with Affinius Capital and PGGM, obtained a refinancing loan from KKR for 101 West End… Read more
IPA Arranges Refi on West Chelsea, Bronx Assets
Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged the refinancing of two office/industrial assets located at 521… Read more
CushWake Tapped to Lease Redeveloped Terminal Warehouse
Columbia Property Trust, L&L Holding Company and Cannon Hill Capital Partners, the joint venture developers of Terminal Warehouse, have enlisted Cushman &… Read more
Sales and Leasing Veteran Returns to Houlihan Lawrence Commercial
Daniel Hickey has returned to Houlihan Lawrence Commercial to lead the firm’s practice in The Bronx. Prior to joining Houlihan Lawrence, Hickey… Read more