Market
-
Essex Crossing’s $215M Debt Sent to Special Servicing
The Essex Crossing megadevelopment on the Lower East Side is days away from reaching a maturity default on its debt.…
Read More » -
The Real Deal Ranks NY’s Top Lobbyists
The industry doesn’t always speak the language of politics, but developers increasingly need to: politics now influences real estate at…
Read More » -
News Corp Building Sees 42 Percent Value Drop
Managing a billion-dollar property can come with some snags. That’s the case at 1211 Sixth Avenue, where the valuation has…
Read More » -
Dermot, Rockwood to Sell 250 East Houston Street
The Lower East Side’s former “Red Square” building — now both literally and figuratively no longer crimson — is up…
Read More » -
Manhattan DA Ghosting Real Estate Lawyer’s Scammed Clients
Brooklyn resident Pamela Brown lost her own $53,000 escrow deposit to a real estate attorney who pleaded guilty to stealing…
Read More » -
CMBS Market Rides Office Deals to 18-Year High
CMBS issuance in New York could reach $121 billion this year, its highest level since 2007, with office deals helping…
Read More » -
City Council to Vote on Jamaica, Long Island City Rezonings
In the final months of the Adams administration, these rezonings are heading to the finish line. The rezoning of some…
Read More » -
Hudson Valley Estate Seeks $90M in Possible Luxury Record
A sprawling Hudson Valley farm that took more than four decades to piece together has hit the market for $90…
Read More » -
Hochul Moves to Claim Whitney Park for State
New York Gov. Kathy Hochul wants to bring one of the Adirondacks’ most storied private estates into public hands, despite…
Read More » -
EB-5 Lender for Legion Investment’s Chelsea Condos Sues DHS
Read more Legion snags $155M construction loan for West Chelsea condos “Nobody saw this coming”: Trump’s plans to kill EB-5…
Read More »