Commercial real estate news and analysis for the New York market.
LaSalle Investment Management has brought on Peter Sibilia, formerly of Rithm Capital, to steer its U.S. transactions division as the firm looks to capitalize on evolving market conditions.
The gaming giant has finalized a nine-figure acquisition of municipal parkland in the Bronx, marking a major step forward for its planned casino development after securing state approval late last year.
The Supreme Court's fractured ruling on presidential trade authority has left commercial real estate professionals grappling with more questions than answers about future investment strategies and development costs.
RXR and One Investment Management have landed nearly half a billion dollars in financing to reposition a struggling Financial District office tower into nearly 800 rental units, marking one of the most significant adaptive reuse projects in downtown Manhattan.
386 Park Avenue South has secured three new tenants totaling over 65,600 square feet, with venture capital firm Primary Ventures and software company Sigma Computing each committing to approximately 26,250 square feet in the Manhattan property.
In a surprising turn of events, New York Mayor Zohran Mamdani and President Donald Trump have convened to discuss the revival of the Sunnyside Yards housing project, potentially unlocking a massive new inventory of affordable residences in Queens.
As New York City construction projects face mounting pressures from tight budgets and complex regulatory approvals, progressive design-build delivery methods are emerging as a critical strategy for keeping developments on track and financially viable.
A New York City-based multifamily specialist has added three adjacent walk-up buildings on West 96th Street to its holdings, continuing a strategy of concentrated neighborhood investment in Manhattan's residential corridors.
Denver-based data center developer Cologix has acquired the 40-acre Beaumeade Corporate Park in Ashburn, signaling continued aggressive investment in Northern Virginia's booming data center market. The $375 million deal underscores the premium that operators are willing to pay for well-positioned assets in "Data Center Alley."
State legislators have reintroduced a measure aimed at extending rent stabilization protections to commercial tenants, potentially reshaping the landscape for small businesses and property owners alike.
The commercial real estate brokerage surpassed Wall Street expectations with fourth-quarter earnings of 68 cents per share, demonstrating resilience despite recent volatility driven by broader concerns about artificial intelligence's impact on the industry.
Corey Horowitz brings decades of office leasing expertise to Colliers as the firm looks to expand its market share in the competitive tri-state region. The move signals Colliers' continued investment in top-tier talent amid a shifting office market landscape.