A stunning take-down of Hochul’s rental-conversion law

June 16, 2025 / no comments

I’m glad I don’t curate op-eds, as I did for my previous employer. No longer must I deal with sugar-coated submissions like one Gov. Kathy Hochul just placed in Crain’s. Hochul’s piece touted the new Affordable Housing Retention Act as a “decisive step,” “powerful tool” and “such a victory — for renters, for neighborhoods, and […]

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

Bridge Investment Group lands $355M loan for industrial portfolio

June 16, 2025 / no comments

Bridge Investment Group is about to undergo a seismic change, but its real estate subsidiary is closing business as usual.  Bridge Logistics Properties, the alternative asset manager’s real estate investment arm, secured a $354.6 million loan to refinance a 24-asset industrial portfolio, the Commercial Observer reported. Invesco Commercial Real Estate Finance Trust — the private […]

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

Penthouse at 111 Murray sells 10 years after sales launch

June 16, 2025 / no comments

A penthouse at 111 Murray Street finally landed a buyer roughly a decade after the building’s sales launch. The Tribeca condo, asking just under $34 million, was the priciest home in Manhattan to enter contract last week, according to Olshan Realty’s weekly report. The apartment snagged an inked deal after multiple price cuts from the […]

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