Commercial real estate news and analysis for the New York market.
In a vote of confidence for Midtown Manhattan's office market, risk management firm Epic Insurance has expanded its presence at 1140 Avenue of the Americas, bringing its total footprint to roughly 25,500 square feet.
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.