NYC’s top deals: Astoria apartment complex sells for $23M

December 5, 2025 / no comments

There were 169 transactions totaling $327 million recorded in New York City over the 24 hours before 4:00 p.m. on Thursday, Dec. 4, 2025. 🏆 Residential: The top recorded home sale in the Big Apple was in Tribeca. Andrew Fulton paid $7.9 million for a condo at 87 Leonard Street. The seller, Balt and Ro Properties LLC, had owned the unit since 2016, when the company bought it for just under $7.9 million. The unit measures about 7,400 square feet, with more than 400 square feet of exterior space. It also has six bedrooms and five and a half baths. […]

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Buying Is The New Building: Why Multifamily Developers Are Shifting To Acquisition Mode

December 5, 2025 / no comments

Some of the mid-Atlantic’s largest developers are putting away their shovels and taking out their checkbooks. 
Because acquiring apartments is cheaper than developing ground up, investors and developers — even those whose bread-and-butter has been ground-up development — are going all-in on buying existing apartments.
“I have a voracious appetite to buy new buildings,” Bozzuto Group CEO Toby Bozzuto said Tuesday at Bisnow’s Multifamily Annual Conference East, held at the Bethesda North Marriott Hotel & Conference Center. 

Delayed Recovery, Economic Angst Darken CRE’s December Mood 

December 5, 2025 / no comments

Stalled, stagnant and sputtering: The postpandemic comeback for commercial real estate was supposed to take off this year, but as the days tick down on 2025, CRE is reckoning with a reality check. 
Although there have been some positive signs in recent months, such as increased demand for Midtown Manhattan and San Francisco offices, a murky macroeconomic forecast has blunted growth prospects and put uncertainty firmly back into the equation.
“We’re probably in a lot better spot than we were 18 months ago,” Moody’s Economic Research Director Matt Reidy said. “But we’re probably not in as good of a spot as we…

The Wealthy Keep Moving To NYC Despite Mamdani Threats

December 4, 2025 / no comments

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.”

Morgan Stanley Buys Denver-Area Senior Living Facilities For $305M

December 4, 2025 / no comments

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…