Commercial real estate news and analysis for the New York market.
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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.
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.
Mayor Mamdani and President Trump met at the White House to discuss reviving Sunnyside Yards, a plan to build 12,000 homes — half affordable under Mitchell-Lama — backed by $21 billion in federal grants.
New York state lawmakers have reintroduced the Small Rent Stabilization Act to cap rent increases for independent retailers in NYC's five boroughs.
Newmark beat Q4 earnings estimates with 68 cents per share versus the 66-cent Wall Street consensus, even as its stock dipped amid AI disruption concerns.
Colliers adds Corey Horowitz as SVP for its tri-state region, bringing 20-plus years of office leasing expertise from Mohr Partners.
Epic Insurance expands to roughly 25,500 sq ft at 1140 Avenue of the Americas, owned by American Strategic Investment Company, in Midtown Manhattan.
JGK Real Estate Holdings sold 280 Mulberry Street in SoHo for $23.4 million to JP Real Estate Group Limited, with Arya Management set to partner on the asset.
Brookfield Properties closed an $800M CMBS refinancing of its 44-story, 2.4M SF tower at Brookfield Place, injecting $172.5M in equity to retire a maturing $900M loan.
Bushburg Properties secured a $78M loan from Oak Funding and OakNorth Bank to convert 100 William Street in Manhattan's FiDi into 400+ apartments.