Articles of the week ending February 6th
US International Development Finance Corp. heads to Wall Street
By Loukia Gyftopoulou and Joe Deaux, Crain’s New York Business
The U.S. International Development Finance Corp. is opening its first New York City office at 100 Pearl Street to expand private sector talent and dealmaking after its lending capacity was boosted to $205 billion.
Cresa Hires Ray Anderson to Succeed Tod Lickerman as CEO
By Mark Hallum, Commercial Observer
Cresa has appointed longtime consultant Ray Anderson as CEO effective immediately to lead the firm’s next phase of expansion while former CEO Tod Lickerman remains on the board as a trusted adviser.
Bank of Montreal Inks 82K SF at Durst’s 151 West 42nd Street
By Amanda Schiavo, Commercial Observer
Bank of Montreal leased 82,422 square feet at Durst’s 151 West 42nd Street as Midtown led Manhattan office leasing in January with total activity surpassing 2 million square feet for the seventh straight month.
News _ US office forecast brightens as demand steadies, obsolete space removed
By Phil Mobley, CoStar Analytics
The US office market appears to have hit its vacancy peak in 2025 and is set for a slow, uneven recovery as steady tenant demand and the removal of obsolete space gradually tighten supply despite muted job growth.
News _ High-profile Brookfield Place building in Manhattan closes $800 million refinancing loan
By Andria Cheng, CoStar News
Brookfield’s fully leased 225 Liberty Street secured an $800 million CMBS refinancing at notably tight pricing, signaling strong investor confidence in top-tier Manhattan office assets despite broader market challenges.
ESRT Puts 250 West 57th Street Up For Sale
By Elizabeth Cryan, The Real Deal
Empire State Realty Trust has put its 250 West 57th Street office building on Billionaires Row up for sale at about $350 million as it continues shifting its portfolio away from office toward multifamily and retail assets.