Should the mayor stay out of rent board debates? Hopefuls weigh in

May 1, 2025 / no comments

One day after the Rent Guidelines Board recommended raising rents on rent-stabilized apartments by up to 4.75 percent, three mayoral candidates weighed in on whether mayors should have more sway over the board’s actions.  City Council Speaker Adrienne Adams said the City Council should have a say over the mayor’s appointees to the board, to […]

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

Burlington, Other Retailers Snag Joann Store Leases

May 1, 2025 / no comments

As retailer Joann works its way through bankruptcy, other retailers have called dibs on some of the craft store’s locations. Burlington has signed up to assume 45 leases of former Joann store locations, according to a Monday court filing.
Burlington will move in as soon as this month to some locations, which span the country. Cure amounts range from $0 to just over $58K, according to the filing. Hobby Lobby, a Joann competitor, plans to take two Joann locations and Boot Barn will take another. 
Burlington’s 2024 was the opposite of Joann’s. The same year that Joann first filed for bankruptcy, Burlington opened 101 net…

Metro Loft, David Werner near nabbing record loan for Pfizer HQ conversion 

May 1, 2025 / no comments

Metro Loft and David Werner’s high-profile conversion of Pfizer’s former headquarters building in Midtown Manhattan may have yet another record to boast. Madison Realty Capital is finalizing a loan north of $700 million to the partners for their project at 235 East 42nd Street, The Promote reported. The construction financing would represent record financing for […]

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

StreetEasy to boot agents from specialty tools over private listings

May 1, 2025 / no comments

StreetEasy has hurled the latest rock in the ongoing battle over private listings. The Zillow-owned listing platform will shut off agent access to widely-used programs like StreetEasy Experts, StreetEasy Concierge and Zillow Premier Agent for New York City agents found publicly-marketing listings to select groups of consumers.  The new guideline includes marketing listings through an […]

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

Harry Macklowe asks for mercy from East Hampton authorities

May 1, 2025 / no comments

Harry Macklowe is looking to work with local authorities to resolve the obstacles in his attempts to sell his East Hampton home.  The billionaire developer submitted an application to be reviewed by the village’s zoning board of appeals regarding the status of 64 West End Avenue, according to the East Hampton Star. Should the village […]

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

Office rebound continues: Manhattan leasing on track for best year since 2000

May 1, 2025 / no comments

Manhattan’s office leasing market remains on the up and up. Coming off the strongest first quarter since 2019, tenants inked deals for 3.38 million square feet in April, up 23 percent year over year, according to a new Colliers report. Although leasing volume was down from March, the availability rate continued to tighten, dropping from […]

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