SL Green starts $2.5B selloff with 100 Park deal

January 5, 2026 / no comments

SL Green got the ball rolling with its plan to sell $2.5 billion worth of property. The REIT sold a minority stake in the office building at 100 Park Avenue to Rockpoint at a $425 million valuation, The Real Deal has learned. The Marc Holliday-led company bought a 49 percent stake in the 900,000-square-foot building from its partner Prudential in December 2024, at a $360 million valuation, and then injected some of its own equity into the property before flipping the interest to Rockpoint before the start of the new year. The 1940s-era office building just south of Grand Central […]

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Samuel Fisch finds conversion opportunity in Financial District

January 5, 2026 / no comments

Conversion fever is not going anywhere this year, with novice figures now jumping on board with established players. Samuel Fisch of Blue Fin Equities filed plans to convert 40 Fulton Street in the Financial District from office to residential use, the Commercial Observer reported. The 28-story building would be expanded by two stories and the residential unit count would come in at 169. Fisch signed a ground lease for the property in 2022 for $88.9 million, taking control of the building’s fate. Immediately before that, prominent investor David Werner bought the property from Vornado for $101 million. Fisch signed the […]

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Deutsche Bank Center’s $1.1B CMBS deal tops November loans

January 5, 2026 / no comments

Lenders made another billion-dollar bet on the Manhattan market office in November, the latest vote of confidence in the borough’s top-tier towers. Deutsche Bank Center landed the month’s marquee deal, a $1.1 billion CMBS loan from German American Capital Corporation and Wells Fargo. The fully leased Lincoln Square office tower is owned by a joint venture that includes Related Companies and sovereign wealth funds from Singapore and Abu Dhabi. Deutsche Bank occupies more than 93 percent of the former Time Warner Center under a 20-year lease.  Elsewhere in the borough, lenders doled out dollars to apartments, specialty medical buildings and […]

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Mamdani’s “rental ripoff” hearings to let tenants air grievances

January 5, 2026 / no comments

New Yorkers love to complain. Now they’ll have one more place to do it.  Newly-inaugurated Mayor Zohran Mamdani signed an executive order mandating “rental ripoff” hearings in all five boroughs. The hearings invite tenants to complain about their landlords, as well as propose changes from the city.  “New Yorkers know that too often, if they can find a home that they can afford, there is likely a reason they can afford it: Roaches and rats, heat that never turns on, elevators that are always out of order,” the mayor said at a press conference focused on his housing efforts.  Mamdani’s […]

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Here’s where rent board drama stands after Adams appointee backed out

January 5, 2026 / no comments

In the final hours of the Adams administration, the incoming mayor was handed a win.  One of Mayor Eric Adams’ new appointees to the Rent Guidelines Board, Lliam Finn, decided against serving, leaving a vacancy for Zohran Mamdani to fill, The Real Deal was first to report.  Before leaving office, Adams tried to replace him with Christie Peale, head of the Center for New York City Neighborhoods, a nonprofit focused on affordable homeownership. Though Peale appeared briefly on the board’s website over the weekend, she also turned down the role.  “It was an honor to be selected to serve in […]

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