Election-year state-vs-city politics are affecting Mamdani’s first days in office

January 7, 2026 / no comments

When Gov. Kathy Hochul stood on a stage a year ago, praising the real estate industry and musing that any elected official absent from the Real Estate Board of New York’s annual gala was “missing a damn good party,” then-mayoral hopeful Zohran Mamdani was on the street outside the event. The protestors with whom he gathered held signs that read “Rent Freeze” and “REBNY Raised My Rent.” A lot has happened since that party. Mamdani now acknowledges that his view of the private sector’s role in the housing market has shifted, making his case to the city’s business community in […]

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

BXP lands major tenant at 343 Madison

January 7, 2026 / no comments

BXP locked in a major tenant for its under-construction Midtown trophy tower. Global investment and insurance firm Starr signed a roughly 275,000-square-foot lease at 343 Madison Avenue, BXP’s 46-story office tower rising above Grand Central Terminal, the firms announced. The 20-year deal gives Starr floors 16 through 27 and accounts for about 30 percent of the 930,000-square-foot building. The landlord did not disclose the asking rent. The lease marks a big win for BXP, which started construction without a significant amount of the space pre-leased. Starr will use the space as its New York headquarters, expanding and relocating from another […]

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

Carlyle strikes in Brooklyn again with $105M purchase

January 7, 2026 / no comments

The Carlyle Group and a familiar partner are back on the Brooklyn multifamily market, this time snapping up a 132-unit property for $105 million. The private equity firm and Jay Greenberg’s Z+G Property Group acquired the 13-story apartment building at 130 Second Street in Gowanus, Crain’s reported. The seller was a joint venture of Joyland Management, Meral Property Group and the Loketch Group. The deal breaks down to $795,000 per unit. A JLL team including Ethan Stanton, Jeffrey Julien and Rob Hinckley brokered the sale, which was first reported by The Promote. Invesco Real Estate provided an $80 million loan […]

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

TF Cornerstone’s LIC multifamily leads November’s outer-borough loans

January 7, 2026 / no comments

Lenders wrote nine-figure checks in November for everything from multifamily developments to shelters and student housing. TF Cornerstone’s recently-completed luxury Long Island City multifamily development landed the month’s largest deal, a $347 million refi from M & T Realty Capital. Apartment projects in Long Island City, Williamsburg and Gowanus also pulled in fresh capital, while debt flowed to a shelter-heavy portfolio in the Bronx and Queens and student housing in Brooklyn Heights.  Here are November’s top five outer borough loans. Malt money | $347M | Long Island City M & T Realty Capital Corporation provided a $347 million loan to […]

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

Rithm Capital lands first big lease since Paramount takeover 

January 7, 2026 / no comments

While kicking Albert Behler to the curb at 1633 Broadway, Rithm Capital is welcoming a major tenant to the Midtown Manhattan office, its first significant move since its billion-dollar acquisition of Paramount Group last month. Paris-based financial services firm Natixis agreed to take 203,000 square feet at 1633 Broadway, the Commercial Observer reported. The lease was signed before the end of the fourth quarter and was disclosed in a Savills report. Details of the lease were not disclosed, though the deal is said to be long-term as Natixis relocates from 1251 Sixth Avenue. Asking rents at its new digs range […]

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