Author name: Rob Sattler

Articles of the week ending March 7th State seeks developer for mixed-use project on Intrepid Museum parking lot​ By Eddie Small, Crain’s New York Business ​ Gov. Kathy Hochul is seeking proposals for a mixed-use project with at least 25% affordable housing on a state-owned parking lot near the Intrepid Museum, as part of her […]

Articles of the week ending February 28th Empire State Building owner to launch dynamic ticket pricing​ By Eddie Small, Crain’s New York Business​ The Empire State Building observatory adopts dynamic pricing amid tourism uncertainties. Aby Rosen Pulls Another NYC Office Building Back From Brink​ By TRD Staff, The Real Deal ​ Aby Rosen’s RFR secured

Articles of the week ending February 21st KKR Has A Month To Decide On £1.6B Takeover Bid As Its Target Rejects Latest Attempt​ By Mike Phillips, Bisnow​ KKR has until March 14 to decide on a formal bid for healthcare real estate investor Assura after its latest £1.6B offer was rejected and its partner, USS,

Articles of the week ending February 14th Why NYC Nonprofits Might Have To Start Scrambling For Space​ By Ciara Long, Bisnow ​ NYC nonprofits are facing increasing challenges in securing office space as high-quality buildings fill up, lower-tier offices convert to housing, and competition for affordable locations intensifies. Manhattan office tower that seemed unlikely conversion

Articles of the week ending February 7th Refinancing at 299 Park Ave. in Midtown shows growing investor demand​ By Aaron Elstein, Crain’s New York Business​ 299 Park Ave.’s $500M refinancing shows strong investor demand for prime office spaces. News _ Manhattan office building sells at steep discount​ By Andrew Williams, CoStar Research​ 1370 Broadway sold

Articles of the week ending January 31st Stefan Soloviev Pays $67M for 24 West 57th Street​ By Rich Bockmann, The Real Deal ​ Stefan Soloviev’s $67M purchase of 24 West 57th Street expands his Billionaire’s Row assemblage, with potential plans for a luxury condo, boutique hotel, or commercial tower. Meta Expected to Spend Billions on

Articles of the week ending January 24th Trump’s Return-To-Office Mandate Faces Pushback​ By Emily Wishingrad, Bisnow​ Trump’s order for federal employees to return in-person faces union opposition over workforce impact, office space, and real estate effects. President Trump Signs Executive Orders Impacting Real Estate​ By Rich Bockmann, The Real Deal ​ President Trump’s recent executive

Articles of the week ending January 17th Touro University buys NY College of Podiatric Medicine for $42M _ Crain’s New York Business​ By C.J Hughes, Crain’s New York Business​ Touro University has acquired the New York College of Podiatric Medicine’s Harlem property for $42 million, expanding its footprint and student body as part of its

Articles of the week ending January 10th News _ Historic office building on Manhattan’s Park Avenue sells at 40% discount​ By Andria Cheng, CoStar News​ Williams Equities acquired the historic 470 Park Ave. S office building in Manhattan for $147.5 million, a 40% discount from its previous sale price, and plans further renovations to enhance

Articles of the week ending January 3rd Two Park Avenue Office Towers Change Hands in End-of-2024 Deals​ By Connect CRE​ Munich Re acquired full ownership of 320 Park Ave. for an estimated $500 million to $525 million, while Haddad Brands purchased 2 Park Ave. for $360 million in significant Manhattan office transactions. RXR, SL Green,