Naftali makes Manhattan’s biggest multifamily purchase in more than three years
JPMorgan, GoldenTree provide $675 million in financing on New York deal
Global developer Naftali Group has closed its purchase of a luxury apartment tower just across Fifth Avenue from New York City's Central Park for what CoStar data shows to be $810 ...
New York approves plan that could dramatically change midtown Manhattan
City clears path to add over 9,500 housing units in 42-block area south of Times Square
Manhattan’s Garment District and other nearby neighborhoods just south of Times Square are on their way to potentially having dramatic makeovers after the New York City Council app...
RXR buys former IBM Building in New York for $1.08 billion
Transaction is Manhattan’s largest office deal since 2022, CoStar data shows
The real estate investment firm RXR has closed on Manhattan’s biggest office purchase in at least three years, spending $1.08 billion.
Cushman & Wakefield, Piper Sandler to move New York offices in growing corporate relocations
2024 saw national jump in headquarter moves, CBRE says
In the latest evidence of New York’s bustling office leasing activity, real estate services firm Cushman & Wakefield and investment bank Piper Sandler have signed some of the large...
New York’s office foot traffic tops pre-pandemic level
City hits milestone as firms have implemented stricter attendance rules, study says
In a telling sign that employers’ stricter in-office mandates are paying dividends, New York office foot traffic in July topped the pre-pandemic level, a new study found.
Empty Brooklyn office tower to become mixed-use building under new owners
In pivot, 2-year-old building will accommodate more than 200 apartments
A vacant downtown Brooklyn office project that opened in 2023 is being turned into a mixed-use office and residential building.
Blackstone’s BREIT names interim CEO in wake of New York mass shooting
Move follows death of former chief Wesley LePatner
Blackstone Real Estate Income Trust named a company veteran as its interim chief executive following the death of Wesley LePatner in the July 28 mass shooting at its New York headq...
New York’s upscale supermarket chain Morton Williams gets new owner
ShopRite parent Wakefern bills itself as largest US retailer-owned cooperative
New York’s upscale family-owned supermarket chain Morton Williams is selling itself to Wakefern Food Corp., billed as the largest U.S. retailer-owned cooperative, which also owns o...
Celebrity-favorite hotel in Manhattan’s Tribeca has new owners
Republic Investment, Capstone plan upgrades
A 100-key boutique hotel that’s said to have counted among celebrity guests members of the Kardashian family has been sold.
More companies say they're tracking office attendance
Lack of in-office policy, enforcement are biggest obstacles to fuller workspaces, CBRE poll finds
More U.S. employers are tracking how many days employees are in the office as the pandemic-driven hybrid work pattern settles into a new normal.
Manhattan office tower completes $900 million refinancing
Midtown building has leased occupancy of over 97%
A top-tier office tower with nearly full leased occupancy has completed a $900 million refinancing loan.
Office tower on Manhattan’s Billionaires’ Row to become apartments
Project seeks to tap state tax incentive program that encourages conversions
A 32-story office tower on Manhattan’s Billionaires’ Row is set to be converted to a residential property as the city contends with below-average housing vacancy rates and record-h...
Midtown Manhattan housing plan clears hurdle
City wants to add close to 10,000 units south of Times Square
New York’s bid to add close to 10,000 housing units in Manhattan’s Garment District and nearby blocks has moved another step closer to reality.
WeWork signs second New York lease in a month
Move shows city coworking demand, CEO Santora says
WeWork, more than a year after exiting bankruptcy protection, has signed its second Manhattan office lease in a month’s time — the latest sign the company's hometown is a key part ...
Vornado is open to selling iconic properties in San Francisco and Chicago
Nothing in portfolio is ‘sacred,’ CEO Roth says
New York developer Vornado Realty Trust is open to parting with two high-profile properties in San Francisco and Chicago, the last two it owns outside New York, as Chief Executive ...
Durst lands $1.3 billion refinancing for high-profile Times Square property
TikTok is largest tenant at 1.8 million-square-foot Manhattan tower
The Durst Organization, one of New York’s largest privately owned real estate companies, has landed a $1.3 billion loan for a trophy Times Square office and retail tower.
Savills buys relocation businesses to expand services
Rivals including CBRE have also been diversifying their offerings
Tenant-focused real estate services firm Savills has bought two companies tied to helping North American corporate clients move offices, deals that come as traditional brokerages d...
Ashkenazy buys open-air shopping center in Queens, New York
Real estate investment firm plans to overhaul property
Private real estate investment firm Ashkenazy Acquisition Corp. has bought and plans to upgrade an open-air shopping center in New York’s Queens, continuing its strategy of buying ...
From more guards to AI weapon detection devices, office landlords respond to New York tower shooting
Building owners consider enhanced workplace security in wake of workplace killings
More guards are prowling RXR Realty office buildings in New York. Landlord KPG Funds is having talks with an Israeli-based artificial intelligence firm for workplace weapons survei...
Bally’s $4 billion New York casino bid is back in play
Mayor Eric Adams vetoes City Council’s recent rejection
A $4 billion Bally’s hotel and casino resort bid is back in business after getting a lifeline from New York Mayor Eric Adams.