Olmstead Properties and Vertex have acquired 19 West 44th Street in Midtown Manhattan, purchasing the 302,000-square-foot office building from Savanna at a 45% discount from its 2017 acquisition price of $195 million. The deal reflects continued price corrections in Manhattan's office market.
Olmstead Properties and Vertex have acquired 19 West 44th Street in Midtown Manhattan, purchasing the 302,000-square-foot office building from Savanna at a 45% discount from its 2017 acquisition price of $195 million. The deal reflects continued price corrections in Manhattan's office market.
Targo Capital Partners has acquired a 31-unit apartment building at 185 East Houston Street from S&H Equities as part of a broader $81 million portfolio strategy. The six-story Lower East Side property marks the firm's continued push into Manhattan's residential market.
Brookfield Asset Management has amassed approximately $900 million for its second dedicated real estate rescue fund, signaling that institutional investors see substantial opportunity in providing liquidity solutions to distressed commercial property owners.
Voters in Monterey Park have approved the United States' first permanent municipal prohibition on data center construction, with over 86% of ballots cast in favor of the restriction. The decisive mandate introduces unprecedented zoning hurdles for the digital infrastructure sector and establishes a new template for community-led opposition to industrial computing facilities.
A comprehensive look at the national office market heading into 2026 — from tightening availability in gateway cities to the Fed's rate path and REIT performance.