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May 2, 2023

This Week’s N.Y. Deal Sheet

Hear From The Domain Cos. On Executing Two Top Brooklyn Projects: 420 Carroll & The Majestic Development June 1

Activity was muted in New York City this week, with leases few and far between as a shaky financial environment curtails appetite for risk among lenders and buyers alike.

TOP LEASES

This Week’s N.Y. Deal Sheet

Kamber Management Co.’s Tower 45, at 120 West 45th St., has signed several leases totaling 36K SF, according to a release. South Korean bank Nonghyup Bank took 8K SF on the 19th floor, hedge fund Rivulet Capital took 5K SF on the 27th floor, AECOM Capital took 4K SF on…

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Top Stories on Bisnow.com

Arizona Company Launches OZ Fund Aimed At Turning Ghost Towns Into Theme Parks Arizona Company Launches OZ Fund Aimed At Turning Ghost Towns Into Theme Parks
Marriott Beats Q1 Expectations With $5.6B Revenue Driven By Travel Surge Marriott Beats Q1 Expectations With $5.6B Revenue Driven By Travel Surge
Pressure Is On For Property Managers Tasked With Challenge Of Maintaining Profits Pressure Is On For Property Managers Tasked With Challenge Of Maintaining Profits
BREIT Fulfills 29% Of April Withdrawal Requests, Limits Redemptions For Sixth Month Straight BREIT Fulfills 29% Of April Withdrawal Requests, Limits Redemptions For Sixth Month Straight
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Steven Roth: Vornado Going 'On Offense,' Eyeing Apartments Near Penn Station

Steven Roth: Vornado Going 'On Offense,' Eyeing Apartments Near Penn Station  

Vornado CEO Steven Roth used his company’s first-quarter earnings call Tuesday morning to take swipes against media coverage of the REIT's portfolio, describing various reports ranging from “just silly” to plain wrong. “You'll pardon us if we get a bit annoyed at the disinformation,” Roth said in response to analyst questions about…

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Lab Leasing Shows Life Sciences Demand Strong Overall, But Slow, Uncertain In Spots

Lab Leasing Shows Life Sciences Demand Strong Overall, But Slow, Uncertain In Spots  

Like the biologists and technicians working inside gleaming new lab space, life sciences real estate professionals look for patterns and hypotheses to explain how systems work and evolve.

Right now, the signals many are getting from a study of the market are decidedly mixed.

Bisnow reached out to developers and operators of the 15 largest life sciences projects projected to open in 2023 and found a very mixed story of pre-leasing success. Some firms and locations were in very strong demand, while others have struggled to sign pre-lease agreements in the months before…

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In Case You Missed It...

Manhattan Office Leasing Falls Below 2020's Pace Manhattan Office Leasing Falls Below 2020's Pace
NYC Creates $15M Fund For New Passive House Developments NYC Creates $15M Fund For New Passive House Developments
Louis Vuitton Planning To Redevelop Fifth Avenue Store Into Flagship Building Louis Vuitton Planning To Redevelop Fifth Avenue Store Into Flagship Building
Natural Gas Ban, Rental Assistance Funding In, Housing Out Of $229B State Budget Deal Natural Gas Ban, Rental Assistance Funding In, Housing Out Of $229B State Budget Deal
SL Green Nets $500M Refinancing Deal For Third Avenue Tower SL Green Nets $500M Refinancing Deal For Third Avenue Tower
 
 
 
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