Among theories of a looming exodus, New York’s condo brokers say they’re just as busy as ever with ultra-wealthy clients who want to live and work in the city that just elected a democratic socialist as mayor. 
“People thought people were moving out of New York and not coming back. It’s actually the opposite,” Charney Cos. Chief Data Officer and Brokerage President Andrew Steiker-Epstein said Wednesday at Bisnow’s New York Condos Conference. “You’re seeing people planting roots here, particularly in the luxury market.”

Two massive experiential retailers will be among the first businesses open next to the upcoming stadium for Miami’s Major League Soccer team, Inter Miami CF.

Morgan Stanley expanded its senior housing portfolio with the purchase of three MorningStar Senior Living facilities around Denver for $305M. 
Kayne Anderson Real Estate sold the properties, and MorningStar will continue to operate them, according to a press release announcing the sale. 
The Denver Business Journal reported that the sale included MorningStar’s RidgeGate location, which sold for $105.8M. The community was built in 2015 and consists of 224 units on 5 acres in Lone Tree. Residences range from independent living to assisted living and memory care.
MorningStar, a Denver-based company, has 14 Colorado locations. 
Will Milam, head of U.S. investments at Morgan Stanley Real Estate Investing, said…

The automaker switched production from Ontario in a bid to please President Trump. But the company defaulted on contracts covering hundreds of millions of dollars in assistance, Canada said.

Lender NewPoint Real Estate Capital is bringing on additional staff to bolster its move into the investment sales brokerage space. 

Morgan Stanley has had early-stage talks with potential investors who could help it mitigate risk related to a portfolio of loans to data center-focused businesses, Bloomberg reported, citing an anonymous source. 
The bank discussed using a so-called significant risk transfer, a type of securitization that transfers the credit risk of a portfolio or collection of assets to third-party investors, who are paid fees by the bank to take on that risk. 
Morgan Stanley is looking into other ways to manage its credit risk on this portfolio and may ultimately not use the risk transfer, sources told Bloomberg. 
The New York-based bank has been involved in financing…

Apple is taking a bigger slice of the Penn District. The tech giant is expanding by 95,000 square feet onto two more floors of Vornado Realty Trust’s Penn 11, The Real Deal has learned. Apple’s new lease brings its footprint at the Midtown South office building to 550,000 square feet. Apple now has the fourth and eighth through 16th floors of the 26-story building, which sits on the eastern side of Seventh Avenue between West 31st and 32nd streets. The company is taking over the 15th and 16th floors from AMC Networks, which is renewing and downsizing its lease from […]

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Throughout the tumultuous last decade for D.C. real estate, one factor has remained constant: The city has been led by a mayor the industry sees as a supporter of development. 
That could soon change. 

The saga of the former Z NYC Hotel in Long Island City took another turn last month when a former creditor on the property sold it for a sinking sum. Palette Hotels acquired 11-01 43rd Avenue from Taconic Capital for $25.5 million, Crain’s reported. Taconic acquired the former 100-key hotel from Merchants Capital in May 2021 for approximately $38.4 million, three years after Merchants acquired it for $32.3 million. Taconic lent Merchants $38 million at the property in 2019, allowing it to swoop in for its acquisition two years later. It’s unclear what Palette has planned for the site; the […]

This article originally appeared on The Real Deal. Click here to read the full story.

Abbott Diabetes Care said it had received reports of more than 700 injuries that may be associated with malfunctioning sensors.