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June 13, 2025
Lower Manhattan hotel gets reborn as M Social
The 569-key Millennium Downtown New York, a lower Manhattan fixture across the street from the World Trade Center complex’s famed Oculus transportation hub, is getting a fresh makeover and rebrand as M Social, billed to target the “young at heart.”
June 13, 2025
Ivanhoé Cambridge defaults on New York City office tower
Ivanhoé Cambridge, the real estate arm of the CDPQ Quebec pension fund giant, is in default on its mortgage debt on its office tower at 85 Broad St. in Manhattan.
June 13, 2025
Stability defines New York's medical office sector
While the massive improvement witnessed over the past two years can explain the health of New York's office sector, the medical office sector is characterized by stability.
June 13, 2025
This broker's daughter delivers Father's Day gift, moving him closer to career dream
Broker Dan Granot says this Father's Day will be extra special because he's one step closer to a career goal he's longed for since he became a father.
June 13, 2025
Hotels serve up succulent, sweet summer dishes
Hotels bars and restaurants across the U.S. are ready for summer with their latest menu offerings.
June 12, 2025
New York developer debuts two luxury rental towers in Manhattan
MAG Partners, founded by longtime real estate executive MaryAnne Gilmartin during the pandemic, has begun leasing its second and third residential rental towers in New York as the city’s market asking rent has reached another record high.
June 12, 2025
New York council OKs plan to complete largest US private development
The New York City Council has signed off on a revised plan from developers Related Companies and Oxford Properties to build about 4,000 apartments as part of their proposed completion of Hudson Yards, the largest U.S. private development, on Manhattan’s far west side.
June 12, 2025
Major condo tower in New York’s Long Island City lands $525 million construction loan
A 55-story, 636-unit condominium development in New York’s Long Island City has landed a $525 million construction loan.
June 12, 2025
New Jersey’s northern counties lead the state in owner-user industrial property sales
An analysis of industrial property sales across New Jersey reveals that owner-user sales are at the highest level statewide since at least 2015.
June 12, 2025
High-profile office tower looks to buy time; Hawaii mall faces debt concerns; La Quinta hotel portfolio downgraded
This week's column examines a trophy office tower in New York said to be getting an all-important loan extension, a Hawaii mall with debt concerns and a downgrade for a loan backing a portfolio of La Quinta hotels. Read the entire piece by clicking "read more" below.
June 11, 2025
Ready to make acquisitions, Brookfield Asset Management names new CEO for real estate
Brookfield Asset Management, one of the world's largest real estate owners, has changed up its top management just as it completed raising $16 billion to snap up properties.
June 11, 2025
On its first day in effect, New York law criticized for ‘shake-up’ of largest US rental market
New York’s decades-old broker fee arrangement has officially ended, with a new law taking effect this week that stops apartment tenants from paying fees to brokers they didn't hire.
June 10, 2025
WeWork partners with booking app ClassPass to attract more business
Flexible office space provider WeWork has made a move to try to add more users by teaming up with ClassPass, a gym class and wellness appointment booking company.
June 10, 2025
Silverstein’s Manhattan casino plan adds high-profile restaurateurs
Silverstein Properties and its gaming partners have added some famed restaurateurs as part of their proposed plan for a mixed-use casino and hotel complex on the far west side of Manhattan.
June 10, 2025
Empty aisles, big questions: The future of NYC retail after Rite Aid closures
A fresh batch of vacant storefronts is popping up across New York City.
June 9, 2025
Tom Ford office lease fills up SL Green building on Manhattan’s Park Avenue
Luxury fashion label Tom Ford is relocating its Manhattan office to one of SL Green Realty’s properties on the corporate-headquarters-heavy Park Avenue.
June 9, 2025
Heart disease survivor Alexander Chudnoff, JLL lead charge for American Heart Association
It's hard to keep Alexander Chudnoff down, physically or mentally.
June 6, 2025
Major Brooklyn project under new ownership taps Bjarke Ingels as design architect
Bjarke Ingels Group has been tapped as the design architect for a 1,000-plus-unit residential project in Brooklyn’s Gowanus neighborhood under new ownership.
June 6, 2025
Samsung doubles office footprint at Vornado’s Penn 1 in Manhattan
Korean electronics giant Samsung has doubled its Manhattan office footprint at Vornado Realty Trust’s Penn 1 with direct access to the Penn Station transit hub.
June 5, 2025
Manhattan’s tech office leasing signals best annual start since 2000
Tech office leasing in New York, after closing its best post-pandemic year in 2024, has hit another milestone: Year-to-date deals in Manhattan have reached their highest level since 2000.

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