Investment sales increased in May, but the arrival of more buyers to the commercial real estate market hasn’t boosted values.
Prices slipped modestly across all commercial property types and conditions in May, but top-quality assets are seeing valuations slide faster than their less-amenitized peers, according to CoStar’s May Commercial Repeat Sales Indices.
For Manhattan’s luxury market, this June was one for the books. Buyers signed contracts for 153 properties in the borough asking $4 million or more between June 1 and June 29, according to Olshan Realty’s report. The total landed among the three highest for the month since the brokerage began tracking the data nearly two […]
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Fortress Investment Group is getting ready to face substantially increased interest on $2B worth of bonds backed by Amazon-leased warehouses as a key payment deadline approaches.
As America’s largest trading partners race toward deals, they are increasingly worried about being hit with future tariffs on their critical industries.
Fortress Investment Group is approaching a debt deadline with no refinancing in sight. An entity tied to the company appears bound to miss a July 15 repayment date to refinance roughly $2 billion of bonds backed by Amazon warehouses, Bloomberg reported. The company disclosed the looming threat in a note to bondholders late last week. […]
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The Department for the Aging is moving ahead with an office lease that hit a snag over ethical concerns. The deal to move to billionaire Alexander Rovt’s 14 Wall Street was paused after criticism that city officials steered the lease to the donor of Mayor Eric Adams. The director of the Office of Risk Management […]
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Zohran Mamdani has made a lot of eye-catching campaign promises. But one two-word phrase has made the biggest mark: “rent freeze.” A little less than half of New York City tenants live in rent-stabilized apartments. And Mamdani, the presumed Democratic nominee for mayor, has said he would pause rent increases on those units. That’s not […]
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A leasing launch is not big news, but it’s worth mentioning at EMP Capital’s 1042 Atlantic Avenue because the 259-unit rental almost didn’t happen — and nothing like it will be built again. Not in the foreseeable future, at least. EMP nearly lost the Brooklyn project in January 2022 when Council member Crystal Hudson, in […]
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Whether caused by a long war or brief skirmish, the closing of skies to air travel is having big effects on cost, convenience and safety.
As the Senate prepares to vote on a key piece of the president’s domestic agenda, prominent critics, including Elon Musk, are speaking out.