Commercial real estate news and analysis for the New York market.
The gaming giant has finalized a nine-figure acquisition of municipal parkland in the Bronx, marking a major step forward for its planned casino development after securing state approval late last year.
RXR and One Investment Management have landed nearly half a billion dollars in financing to reposition a struggling Financial District office tower into nearly 800 rental units, marking one of the most significant adaptive reuse projects in downtown Manhattan.
386 Park Avenue South has secured three new tenants totaling over 65,600 square feet, with venture capital firm Primary Ventures and software company Sigma Computing each committing to approximately 26,250 square feet in the Manhattan property.
A trio of tenants has committed to more than 65,000 square feet of office space at 386 Park Avenue South, led by significant commitments from venture capital firm Primary Ventures and software company Sigma Computing.
In a surprising turn of events, New York Mayor Zohran Mamdani and President Donald Trump have convened to discuss the revival of the Sunnyside Yards housing project, potentially unlocking a massive new inventory of affordable residences in Queens.
In a significant vote of confidence for adaptive reuse, RXR and One Investment Management have secured $475 million to transform a distressed Lower Manhattan office tower into nearly 800 rental units.
Nearly 66,000 square feet of office space has been claimed at a prominent NoMad address, with venture capital and software firms leading the charge in a trio of new transactions.
A New York City-based multifamily specialist has added three adjacent walk-up buildings on West 96th Street to its holdings, continuing a strategy of concentrated neighborhood investment in Manhattan's residential corridors.
In a move that consolidates a significant residential block, Witnick Real Estate Partners has acquired three adjacent multifamily buildings on Manhattan's
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.
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.