Articles of the week ending October 31st
News _ How would New York real estate look with Mayor Mamdani_ These cities may offer clues_
By Ryan Ori, Brannon Boswell, Jonathan Lehrfeld, Andria Cheng, CoStar News
New York’s real estate industry fears major disruption under expected Mayor Zohran Mamdani’s progressive agenda, but experiences in cities like Chicago, Los Angeles, Boston, and D.C. suggest such sweeping reforms often face practical limits once in office.
RFR’s Aby Rosen On Midtown Rents, Amazon, Mamdani, the Chrysler Building and More – Commercial Observer
By Max Gross, Commercial Observer
Aby Rosen remains bullish on Midtown and New York real estate, emphasizing quality, resilience, and long-term confidence despite market cycles and political uncertainty under potential Mayor Zohran Mamdani.
AmTrustRE in Contract to Acquire 260 Madison Avenue for $217M – Commercial Observer
By Isabelle Durso, Commercial Observer
AmTrustRE is acquiring 260 Madison Avenue from Alex Sapir for $217M, with plans to invest up to $70M to reposition and boost occupancy at the 22-story Midtown office building.
FGS Global Inks 80K SF Lease at Vornado’s Penn 2
By Elizabeth Cryan, The Real Deal
FGS Global signed a 15-year lease for 80,000 square feet at Vornado’s newly renovated Penn 2, relocating from 909 Third Avenue to expand and be closer to parent company KKR in Hudson Yards.