Commercial real estate news and analysis for the New York market.
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.
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.