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March 28, 2023

This Week’s N.Y. Deal Sheet

Jamestown COO David Himmel Provides His 2023 Outlook On The Retail Sector April 25
Financing deals and leasing sprang into action this week in New York City, even as liquidity questions linger for banks and other lenders. TOP FINANCING DEALS

This Week’s N.Y. Deal Sheet

JPMorgan Chase has agreed to provide a $500M condo inventory loan to Extell Development for its 217 West 57th St. property known as Central Park Tower, The Real Deal reports. The loan is secured by 87 apartment units at the property, which is approximately half the building’s inventory — which…

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Top Stories on Bisnow.com

Competitive Socializing Concepts See 386% Increase Over 2 Years, New Report Finds Competitive Socializing Concepts See 386% Increase Over 2 Years, New Report Finds
Wyndham Ramps Up New Brand To Capitalize On Extended-Stay Boom Wyndham Ramps Up New Brand To Capitalize On Extended-Stay Boom
Head Of Amazon's $2B Housing Equity Fund Resigns Head Of Amazon's $2B Housing Equity Fund Resigns
Short Sales Spike For Office Shares Short Sales Spike For Office Shares
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New Plan For Penn Station Revamp Sans Vornado Gains Traction

New Plan For Penn Station Revamp Sans Vornado Gains Traction

State officials are considering a different direction for the overhaul of Pennsylvania Station, which would involve ditching plans for 10 new office towers to fund the development — and finding a new location for Madison Square Garden — and instead building a revamped station around the arena.A subsidiary of the Italian…

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CRE Is About To Be A ‘Real Mess’ And A $270B Problem For The Banks

CRE Is About To Be A ‘Real Mess’ And A $270B Problem For The Banks

Commercial real estate is increasingly coming into focus as a source of stress on the financial system, as hundreds of billions in loans in the sector are set to expire this year.There are $270B of commercial real estate loans maturing this year, around $80B of which is secured by office…

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In Case You Missed It...

Buyer Fails To Close After Winning Flatiron Building At Auction For $190M Buyer Fails To Close After Winning Flatiron Building At Auction For $190M
Developers Chasing Rent Growth In Queens Amid Cost-Fueled ‘Brooklyn Spillover’ Developers Chasing Rent Growth In Queens Amid Cost-Fueled ‘Brooklyn Spillover’
REBNY Policy Chief Delivers Fiery Call To Action For Real Estate To Get More Political REBNY Policy Chief Delivers Fiery Call To Action For Real Estate To Get More Political
New York's Multifamily Developers Say They’re ‘Fighting For The Right’ To Build New York's Multifamily Developers Say They’re ‘Fighting For The Right’ To Build
Occupants Flee 1,400-Foot One Vanderbilt After 'Huge Shake' Occupants Flee 1,400-Foot One Vanderbilt After 'Huge Shake'
 
 
 
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