Despite shifting political winds in New York City, Ken Griffin's Citadel is spearheading a major redevelopment of 350 Park Avenue in partnership with Rudin and Vornado, signaling long-term confidence in the Midtown office market.
State legislators have reintroduced a measure aimed at extending rent stabilization protections to commercial tenants, potentially reshaping the landscape for small businesses and property owners alike.
The commercial real estate brokerage surpassed Wall Street expectations with fourth-quarter earnings of 68 cents per share, demonstrating resilience despite recent volatility driven by broader concerns about artificial intelligence's impact on the industry.
The unfinished Oceanwide Plaza complex, widely known as the 'Graffiti Towers,' has attracted a $470 million bid from KPC Development and Lendlease. This offer marks a pivotal turnaround attempt for the bankrupt project one month after an exit plan was established.
Despite shifting political winds in New York City, Ken Griffin's Citadel is spearheading a major redevelopment of 350 Park Avenue in partnership with Rudin and Vornado, signaling long-term confidence in the Midtown office market.
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.
