Commercial real estate news and analysis for the New York market.
Twin Group Associates seeks to capitalize on the shifting dynamics of Lower Manhattan by converting a six-story commercial property into residential units, further cementing the area's evolution from a strictly business-centric hub.
JGK Real Estate Holdings has divested a pre-war residential property in Manhattan's SoHo neighborhood, securing $23.4 million from a corporate buyer linked to a Brooklyn-based management firm.
The Balloon Museum has secured a full-building commitment at Seaport Entertainment Group's reimagined Tin Building, marking the immersive art venue's first permanent U.S. location in Lower Manhattan's historic waterfront district.
Brookfield Properties locked in a five-year, $800 million CMBS loan for its 2.4-million-square-foot tower at Brookfield Place, contributing $172.5 million in fresh capital to replace a maturing $900 million mortgage.
Oak Funding and OakNorth Bank financed Bushburg Properties' acquisition of 100 William Street, a 21-story tower bought from Manulife at less than half its prior sale price, for conversion into over 400 residential units.
A wave of major lease signings from JP Morgan Chase, Bloomberg, and Millennium Management signals renewed confidence in Manhattan's office market heading into 2026.