For the first time since the pandemic, Denver’s office vacancy rate declined, seeing a minor quarterly drop of 20 basis points to 28.3%, according to CBRE’s Q4 report.
The dip is slight and vacancy is still up by 1.5% year-over-year, but the decrease is a welcome sign nearly six years after the pandemic upended office markets nationwide.

A state Supreme Court judge on Friday dismissed bribery and other charges against Marcal Group’s Mark Caller, throwing out one of five indictments accusing former Department of Buildings’ Commissioner Eric Ulrich of using position in exchange for various perks.  Judge Daniel Conviser granted a motion to dismiss the indictment against Caller and Ulrich, but declined to dismiss the remaining four bribery cases against Ulrich and other defendants.  The 2023 indictment accused Caller of selling Ulrich a discounted apartment at his company’s  133 Beach 116th Street, in exchange for help on a zoning change Marcal Group needed and expediting inspections at […]

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

The Department of Housing and Urban Development is telling landlords receiving federal aid to prove the citizenship and eligibility of nearly 200,000 tenants. 

The changes came after the app’s Chinese parent company spun out an American entity to run TikTok in the United States.

It will be the latest in at least half a dozen events that the breakaway league has held at Trump Organization resorts in the past four years.

Time is ticking for opponents of NYCHA’s West Chelsea redevelopment plans and the clock just ran out on a short-lived legal challenge from a former state senator. A judge denied a recent challenge brought by former state Sen. Thomas Duane to block the public housing authority’s project, Crain’s reported. The judge declined to grant an injunction that would’ve halted the planned demolition and rebuilding of the Fulton and Elliott-Chelsea Houses. In his ruling, the judge criticized the plaintiffs for their failure to bring the lawsuit sooner, claiming they knew demolition was imminent in late November, but took another month to […]

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

More developers are avoiding building apartments in rent-regulated markets as the cost of living and rising rents remain key political flashpoints. 

With tight business restrictions still in place, companies may find it challenging to even assess what opportunities exist for them in the South American nation.

Idan Ofer and Nathan Berman wasted little time securing the financing for one of Manhattan’s next major conversions. Quantum Pacific and Metro Loft Management nabbed $220 million in construction and redevelopment debt from Apollo for the project at 101 Greenwich Street in the Financial District, the Commercial Observer reported. The floating-rate debt was arranged by Newmark’s Jordan Roeschlaub, Chris Kramer and Holden Witkoff. The financing news comes only weeks after filings shed light on the partners’ plans for the property. Late last month, Ofer — an Israeli billionaire — and Berman filed plans for a 614-unit office-to-residential conversion.  They acquired […]

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

Anonymous Content, a production company whose top investor is Laurene Powell Jobs’s Emerson Collective, has named Darren Walker as president and chief executive.