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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,

Articles of the week ending December 20th Top Office Leases of NYC November 2024​ By TRD Staff, The Real Deal​ The New York office market saw significant activity in November, highlighted by major leases from firms like Ropes & Gray, TPG, Apple, and Verizon, indicating a strong demand for space as the year concludes. Times

Articles of the week ending December 13th SL Green Refinances 100 Park, Set to Buy Partner’s Interest​ By, Holden Walter-Warner The Real Deal ​SL Green has refinanced its debt at 100 Park Avenue, extending the mortgage maturity to December 2027 with an additional $70 million, while also securing a significant 220,000-square-foot lease with Alvarez &

Articles of the week ending December 6th This Week’s N.Y. Deal Sheet_ Vornado Lands New Deals With Apple, Amazon (December 12, 2024)​ By Ciara Long, Bisnow​Vornado Realty Trust secured significant leases with tech giants Apple and Amazon, while other notable transactions included Winston & Strawn renewing its lease at 200 Park Ave. and various deals