Manhattan
Manhattan Retail Rents Up for Sixth Consecutive Quarter
Manhattan’s retail market finished on a stronger note in 2023, driven by revived international tourism and robust luxury goods demand,… Read more
DMT Provides $41M for BK Apartment Building
Dwight Mortgage Trust (DMT), affiliated with Dwight Capital, has extended $41.2 million in bridge financing to Bruklyn Builders Inc. for… Read more
Manhattan Office Leasing Sees Highest Volume Since Q3 2022
Manhattan’s office leasing surged by 26.7% to reach 8.23 million square feet, according to Colliers’ most recent quarterly report. This… Read more
BOMA NY Leadership Forum: State of the CRE Market, National and NYC
A Special Report from The Experts at Cushman & Wakefield At a BOMA NY hosted leadership forum, experts from Cushman… Read more
Skanska Completes First Phase of East River Greenway Project
Skanska has closed the initial phase of the East Midtown Waterfront Esplanade and East River Greenway development in Manhattan, marking… Read more
Two Apparel Companies Ink 3K-SF Leases in Midtown
Adams & Company recently closed two deals in Midtown, Manhattan. Crosswinds Sourcing, a women’s wholesale apparel manufacturer, has leased 1,428… Read more
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