Articles of the week ending September 25th
Nothing is Stopping Office-to-Resi Conversions in NYC
By Holden Walter-Warner, The Real Deal
NYC office-to-residential conversions continue to gain momentum, highlighted by a $219 million construction loan for 100 Wall Street and Soros Fund Management’s planned sale of the Argonaut building as a potential residential conversion opportunity.
Fully leased Manhattan office property lands refinancing
By Andria Cheng, CoStar News
Manhattan’s fully leased 40 10th Ave. secured a $293.2 million refinancing, highlighting continued demand for high-quality office properties with strong tenants, modern design and premium rents.
AI Leasing Race Heats Up Between New York And San Francisco
By Elizabeth Cryan, The Real Deal
AI companies are rapidly expanding office footprints in New York and San Francisco, with Anthropic leading major leases as firms secure space for future hiring and access to specialized talent.