Articles of the week ending June 20th
Why Sunset Park Is Emerging As Brooklyn’s ‘Next Big Thing’
By Ciara Long, Bisnow
Sunset Park is emerging as Brooklyn’s next major development hub, driven by Industry City’s transformation, affordable housing, city-backed waterfront redevelopment, and increasing private investment in large-scale residential and industrial projects.
Lightning Society Takes 19K SF at Chetrit’s 45 Howard for Social Club – Commercial Observer
By Larry Getlen, Commercial Observer
Lightning Society has leased 19,000 square feet at Chetrit’s 45 Howard Street in SoHo to launch a thought-driven, culturally focused social club set to open in spring 2026, marking its first permanent location.
1440 Broadway Back in Special Servicing Despite Lifeline
By Lilah Burke, The Real Deal
Despite a loan extension and ownership changes, 1440 Broadway has fallen back into special servicing due to financial distress, low occupancy, and tenant losses, highlighting ongoing struggles in the Times Square office market.