Structural scare at former Pfizer tower jolts Manhattan as major office and retail deals move ahead
After columns buckled at 235 East 42nd Street, attention shifted to project safety even as office and retail leasing stayed active.
Sam Losek
New York
Commercial real estate news and analysis for the New York market.
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Manhattan Condo Tower Lands $54M Refinancing Package
Derby Copeland Capital provided a $54M refinancing on 660 Lexington Avenue, brokered by Meridian Capital Group for borrowers Rybak Development and BK Developers.
Sam Losek
NYC Office Market Surges Past 4.2M SF in May, Crushing Decade-Long Averages
Manhattan office leasing hit 4.24M SF in May 2026, a 17.3% monthly jump that exceeded the 10-year average of 2.79M SF by more than 50%, per Colliers data.
Sam Losek
CMBS Debt Yields Climb to 10.3% as Negative Leverage Grips Four Major Property Sectors
CRED iQ analysis of 3,700 CMBS loans finds debt yields at a 10.3% weighted average as negative leverage persists in multifamily, industrial, retail, and self-storage.
Sam Losek
FinTech AI Startup Breaks Leasing Dry Spell at Chelsea Office Tower
Spade Data signed a 6,933-square-foot lease at 155 West 23rd Street in Chelsea, marking the first new commitment at the building since space returned to market in 2025.
Sam Losek
TQ Ventures Secures New SoHo Headquarters in Long-Term Office Lease
TQ Ventures signed a 10-year, 7,415 SF lease at 96 Spring Street in SoHo, establishing the venture capital firm's new primary headquarters.
Sam Losek
Fashion Distributor NYC Alliance Expands to 50K SF at 1441 Broadway in Midtown Relocation
NYC Alliance, the company behind Juicy Couture, signed an 11-year, 50,000 SF lease at 1441 Broadway, relocating from half a block away at 1411 Broadway.
Sam Losek
Geopolitical Tensions and Energy Threats Cast Shadow Over Commercial Real Estate Markets
Geopolitical tensions involving the U.S., Israel, and Iran are adding fresh uncertainty to CRE markets, threatening energy costs and interest rate outlooks.
Sam Losek
Jonathan Rose Companies Expands NYC Affordable Housing Portfolio with $53M Inwood Acquisition
Jonathan Rose Companies acquired the 126-unit Caroline Apartments in Manhattan's Inwood for $53M, the eighth deal for its Affordable Housing Preservation Fund VI.
Sam Losek
Financial Trading Firm Optiver Doubles Down on Midtown South with Major Expansion at BXP Tower
Optiver expanded by 92,000 SF at BXP's 360 Park Avenue South, bringing its total to ~115,000 SF in a broader 184,000 SF leasing wave at the Midtown South tower.
Sam Losek
Alexander Brothers, Luxury Real Estate Brokers to the Stars, Convicted of Sex Trafficking
Tal, Oren, and Alon Alexander — luxury real estate brokers to celebrities and billionaires — were convicted on all 10 sex trafficking counts in Manhattan federal court.
Sam Losek
Bally's Secures Bronx Casino Site with $156M City Land Purchase
Bally's Corporation paid $156.6M to New York City for a 16-acre Bronx parcel, clearing the path for a planned casino resort at the former Ferry Point golf course.
Sam Losek