New York
Ariel Closes Sale of Eight-Building Prospect Park South Portfolio
Ariel Property Advisors closed the sale of a 411,892-square-foot, eight-building, 387-unit affordable housing portfolio situated in the Prospect Park South… Read more
Ziegler Closes $633M Financing for NYC’s First CCRC
Specialty investment bank Ziegler has closed on $632,925,000 financing for River’s Edge, reportedly the largest senior living tax-exempt bond transaction… Read more
RXR Closes on Financing for FiDi Office-to-Resi Conversion
RXR, in partnership with One Investment Management, has closed on more financing for the $500-million-plus office-to-residential conversion of 61 Broadway,… Read more
Betches Media Relocates Headquarters to Park Avenue South
Savills has arranged a 23,038-square-foot lease for Betches Media, a digital media company for young women, at 360 Park Ave.… Read more
Wells Fargo to Open Branch Locations as Part of Chicago Expansion
Wells Fargo plans to open ten branches locally this year, including its first in Orland Park, as part of its… Read more
Olayan’s 550 Madison Ave. Secures $800M Refi
Cushman & Wakefield and Greystone have arranged an $800-million loan to refinance The Olayan Group’s 550 Madison Ave., a 41-story landmarked office tower… Read more
Fanatics Expands West Village Lease to Entire Building
Fanatics Holdings, a global sports platform and leading provider of licensed sports merchandise, has signed a long-term lease to become the… Read more
Mott Haven Development Site Trades to Charter School Operator
Ariel Property Advisors closed the $25.5-million sale of a prime development site located at 261 Walton Ave. in the Mott Haven… Read more
Brookfield Veterans Clark, Friedrich Make Second Acquisition
TKF Burnside Real Estate Partners, the real estate investment and operating company founded by Ric Clark and Dennis Friedrich, said… Read more
KBRA Reports January Increases in CMBS Delinquency, Distress Rates
Kroll Bond Rating Agency reported the 30+ day delinquency rate among KBRA-rated U.S. private label CMBS increased to 8.1% in… Read more
Global Holdings Secures $450M Refi on NoMad Tower
Global Holdings said Wednesday it has secured a $450-million refinancing for 1250 Broadway, branded as Nomad Tower, its 39-story, LEED Platinum-certified office… Read more
Zenith IOS, J.P. Morgan Close on $130M Credit Facility
Brooklyn-based Zenith Industrial Outdoor Storage (IOS), in partnership with institutional investors advised by J.P. Morgan Asset Management, has closed on a $130-million… Read more
American Express to Build New Global Headquarters at 2 World Trade Center
Confirming earlier published reports, American Express said Wednesday it will relocate its global headquarters to 2 World Trade Center in… Read more
Free-Market Yorkville Apartments Go for $660K Per Unit
Marcus & Millichap finalized the sale of 443 E. 88th St., a 25-unit apartment building in Manhattan’s Yorkville neighborhood. The property sold for $16.5… Read more
Two Trees Signs Seven New Office Tenants in DUMBO
Two Trees Management Co. has secured seven new office leases in DUMBO, signing Think! Architecture + Design, Group Project Design, Clarity Cubed, Rovi Health, Bonside, CTS Builders and Veda… Read more
AMS Secures Construction Loan for Yorktown Active Adult Community
AMS Acquisitions secured $50.5 million of construction financing for a new 55+ active adult community located at 800 E. Main… Read more
Office-to-Resi Conversion Momentum Accelerates Across Manhattan
Roughly six months after Cushman & Wakefield’s September 2025 Office-to-Residential Conversions report identified a sharp acceleration in conversion activity across… Read more