Commercial real estate news and analysis for the New York market.
Jonathan Rose Companies has purchased a 126-unit affordable housing community in Manhattan's Inwood neighborhood from Related Companies for $53 million. The transaction represents the eighth acquisition for the firm's Affordable Housing Preservation Fund VI, underscoring continued institutional interest in workforce housing assets.
Onyx Equities' Inwood Logistics Center has secured two new industrial tenants totaling over 87,000 square feet, with airline caterer Gate Gourmet leading the charge. The deals underscore continued demand for well-positioned logistics space in New York's outer boroughs.
A new breed of industrial outdoor storage properties equipped with electric vehicle charging infrastructure is commanding premium rents as logistics operators race to decarbonize their fleets. The emerging eIOS subsector represents a compelling opportunity for investors willing to upgrade existing assets.
Market maker Optiver has significantly expanded its presence at 360 Park Avenue South, adding 92,000 square feet to bring its total footprint to approximately 115,000 square feet. The deal is part of a broader leasing surge at the BXP-owned property, with four new tenants combining for 184,000 square feet of activity.
A Starwood Property Trust affiliate has offloaded a prime retail condominium in Manhattan's Greenwich Village, anchored by longtime tenant Le Poisson Rouge. The $21.3 million transaction highlights continued investor appetite for well-leased cultural venues in established nightlife corridors.
A purpose-built data center facility in Carlstadt, New Jersey has secured a full-building commitment, highlighting the continued institutional demand for compute-ready infrastructure in the New York metro area. The transaction underscores Bergen County's emergence as a critical node for digital infrastructure.
Tal, Oren, and Alon Alexander found guilty on all counts in Manhattan federal trial, facing 15 years to life in prison. The trio sold record-breaking properties to celebrities and billionaires.
Live Nation is reportedly negotiating a settlement that would require selling approximately 10 performance venues, potentially bringing significant entertainment assets to market. The divestiture stems from a sweeping federal antitrust lawsuit alleging the company abused its market dominance in the live events industry.
Oil drops 5% and stocks rebound as Trump says war is 'pretty well complete'—but Pentagon calls Tuesday 'most intense day of strikes' yet.
PGIM Real Estate Finance has backed Alterra IOS's latest acquisition spree with a nine-figure credit facility, enabling the industrial outdoor storage specialist to add 23 properties across 18 markets. The deal signals continued institutional appetite for IOS assets amid strong logistics sector fundamentals.
Brooklyn-born sales automation platform Clay has secured a substantial 163,000-square-foot headquarters at SL Green's iconic 11 Madison Avenue, signaling both the company's rapid growth and the continued demand for premium office space from tech tenants.
Andrew Levison, chief investment officer at The Dermot Company, has transformed his career from managing small properties in Connecticut to overseeing institutional-scale multifamily acquisitions and development across the nation.