Gothamist The judge overseeing the bankruptcy of 93 apartment buildings with 5,100 units in New York City has blocked an effort by the city’s newly inaugurated mayor to delay a proposed sale of the properties by 30 days Mayor Zohran...
Commercial Observer Santander Bank has provided $88 million of financing for the development of the 120-unit Benedict Court apartment property in Greenwich, Conn Cushman & Wakefield arranged the financing The property is being developed at 7-23...
Commercial Observer Natixis has leased 202,875 square feet at the 25 million-sf 1633 Broadway office building in Midtown Manhattan The property is owned by Rithm Capital Corp, which inherited it last year through its acquisition of Paramount Group...
The CMBS trusts placed a winning credit bid of $1302 million at the property's foreclosure action just more than a month ago That was more than two years after the previous owner, Unibail-Rodamco-Westfield, announced that it would turn the property...
Commercial Observer Rialto Capital has provided a $150 million loan against the 270,000-square-foot office building at 100 Fifth Ave in the Union Square area of Manhattan The property is owned by Sovereign Partners, which bought it in 2023 for $1265...
Commercial Observer Bank of America, Standard Chartered PLC, and Wells Fargo Bank have provided $16 billion of financing for the development of the 14 million-square-foot 70 Hudson Yards office building in Manhattan The loan is the largest for a New...
Gothamist Zohran Mamdani, who was sworn in as New York City’s mayor on New Year’s Day, will soon get a majority of seats on the Rent Guidelines Board, which governs rate increases at the city’s roughly 1 million rent-stabilized...
Commercial Observer Hubb NYC Properties has paid $40 million, or $571,428/unit, for the 70-unit apartment property at 599 Baltic St in the Gowanus section of Brooklyn, NY The property was purchased from Adam America Real Estate of New York JLL Real...
Park Hotels & Resorts Inc, which at the start of the year said it would sell up to $400 million of its properties, is now planning to sell additional assets that it deems non-core to its portfolio In total, it expects to generate up to $600 million...
Commercial Observer Lexin Capital has filed plans to convert the 156,500-square-foot office property at 229 West 28th St in the Chelsea section of Manhattan into 270 apartment units The New York investor has owned the property since 2014,...
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