May 22, 2026
New York office tower on Billionaires’ Row snags $321 million refinancing
A newly built boutique office tower overlooking Central Park on Billionaires’ Row in New York has secured a $321 million refinancing.
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May 22, 2026Waterfront tower tests demand in Queens as neighborhood gears up for housing boom
A luxury condominium development on Long Island City’s waterfront has launched sales near an area rezoned to allow the addition of more than 14,000 apartments in the fast-growing Queens neighborhood.
May 22, 2026Newmark names Kyle Lutnick chief strategy officer in newly created role
Newmark has appointed Kyle Lutnick, son of U.S. Commerce Secretary Howard Lutnick, to a newly created role as chief strategy officer.
May 21, 2026Carmel Partners buys 49% stake in Manhattan apartment portfolio
Carmel Partners has acquired a 49% stake in the Columbus Square apartment portfolio on Manhattan’s Upper West Side, where CoStar data shows the average market asking rent per unit is almost $2,000 above the city average.
May 21, 2026New York is 'sleepwalking into the age of AI,' city comptroller warns
New York is “sleepwalking into the age of AI,” the city comptroller’s office said Thursday, warning that uncertainty around the technology’s economic impact could have broad implications for jobs and the office-driven economy.
May 21, 2026Transwestern appoints Arizona leader, Cushman grows in South Florida, Avison Young expands New York team
Transwestern appointed Gene Laramee as its new regional asset services leader in Phoenix. Laramee will oversee property management operations for the firm’s office, industrial and healthcare portfolio across Arizona, Transwestern said.
May 21, 2026Limited-service hotels show strong break-even efficiency
A limited-service hotel can run at lower occupancy levels and still generate meaningful gross operating profit margins, or GOP margins.
May 21, 2026New York pulls ahead of London in transatlantic office investment race
Annual office sales in New York reached more than £10 billion ($13.8 billion) in Q1 2026, almost £2 billion higher than the comparable figure in London. This is the first time in a decade sales in New York have been higher than in London for three consecutive quarters, and it is the highest differential in the American city's favour for a decade.
May 20, 2026Trump administration picks Penn Station design team to begin overhaul next year
Penn Station, the busiest U.S. train station that’s often described as an eyesore, is set for a major makeover, with the Trump administration announcing that it has selected a team to lead the work.
May 20, 2026Brookfield’s GGP pushes back after Fifth Avenue retail loan lands in special servicing
A loan backed by a high-profile retail property on New York’s Fifth Avenue — anchored by a Coach flagship store — has been placed in special servicing, typically a signal of distress in commercial real estate. GGP, the U.S. shopping mall division of Brookfield, pushed back on the transfer, calling the action unwarranted.
May 20, 2026Brooklyn’s Industry City adds to tech tenant roster
Industry City, a 35-acre mixed-use waterfront redevelopment in Brooklyn’s Sunset Park neighborhood, is expanding its roster of tech tenants as it positions itself as an innovation hub.
May 20, 2026With Stephen Colbert signing off, the cathedral of late night awaits its next act
When Stephen Colbert signs off from his talk show on Thursday, the spotlight falls on the Ed Sullivan Theater. The venue, almost a century old with a cathedral‑like interior that helped define late-night television, is now awaiting the cue for its next role.
May 19, 2026Brooklyn luxury residential project lands $374 million refinancing
Williamsburg Wharf, a Brooklyn, New York, development on the last empty parcel along the Williamsburg waterfront, has secured a $374.4 million refinancing.
May 19, 2026New York low-rise near City Hall slated for luxury condo tower
A five-story New York commercial building steps from City Hall is set to be razed for a mixed-use luxury condo tower.
May 19, 2026Here’s why vacant downtown storefronts can be hard to lease
The Morristown Green, a historic town square in New Jersey, dates back to the Revolutionary War. Three of the streets surrounding it are bustling with bars and restaurants, but one stretch has been plagued with storefront vacancies for years.
May 19, 2026Avison Young appoints senior retail director; Lee promotes Chicago-area brokers; Partners launches federal leasing, healthcare practices
Avison Young promoted Los Angeles-based Meghann Martindale to senior director of U.S. retail strategy. In her expanded role, she will work alongside Gavin Farnam, leader of the brokerage’s U.S. retail services platform. Martindale will focus on turning retail data and insights into firm strategies that improve client decision-making and improve broker productivity, Avison Young said.
May 19, 2026Tikehau Investment Management: Strength in unity
Announced late last year, the merger of the asset management firm Sofidy with its sister company Tikehau Investment Management was finalized in early May. This union has created a real estate platform managing €14.3 billion in assets across 10 European countries and the United States on behalf of both individual and institutional investors. Its fully embraced growth ambitions could involve some massive deals.
May 18, 2026New York reclaims title for most global luxury retail openings
New York, home to the highest concentration of ultra-high-net-worth individuals globally, has regained its position as the world’s top market for luxury retail openings, according to a Savills study.
May 18, 2026Tishman Speyer’s Jacx office complex in New York has lost 44% of value, study finds
A Tishman Speyer office complex in New York has lost 44% of its value since 2021, according to a Morningstar Credit Analytics report.
May 18, 2026Argo Real Estate adds Michael Marks to New York executive team
Argo Real Estate, a New York-based privately held property firm with a nearly 75-year history in residential and commercial real estate, has named Michael Marks as chief operating officer. In this role, Marks will direct a portfolio of more than 12,000 owned-and-operated units in the greater New York metropolitan area and lead divisions including property management, brokerage, construction management and finance.