Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
July 10, 2023

Investment Sales In New York City Are Past The 'Trough' But Still Way Down

Announcing: National Commercial Real Estate Finance Conference Sept. 14

New York City investment sales picked up from the deathly quiet start to the year, but are still well below their historical pace.

Investment Sales In New York City Are Past The 'Trough' But Still Way Down

Nearly $2.8B of New York City commercial property sales closed in the second quarter according to Avison Young data provided to Bisnow. While that represents a 26% increase from the first quarter, it is a 38% drop from the trailing four-quarter average.New York is on pace to see some…

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com

Los Angeles Developer Found Guilty Of Murder-For-Hire, Arson Los Angeles Developer Found Guilty Of Murder-For-Hire, Arson
Ashford Hospitality Likely To Transfer 19 Hotels Back To Lenders Ashford Hospitality Likely To Transfer 19 Hotels Back To Lenders
Office Values Down 27% Over Last 12 Months, Apartments Drop 16% Office Values Down 27% Over Last 12 Months, Apartments Drop 16%
Multifamily Borrowers Should Have No Problem Extending Loans. But What Comes Next? Multifamily Borrowers Should Have No Problem Extending Loans. But What Comes Next?
Perforation

How Special Servicers Handle Troubled CRE Loans This Cycle Will Be Different Than Past Downturns

How Special Servicers Handle Troubled CRE Loans This Cycle Will Be Different Than Past Downturns  

With roughly $50B in CMBS loans tied to office buildings maturing in the next 18 months, special servicers — the firms hired by CMBS trusts to resolve issues as they arise — are about to be very busy.

The number of properties that have been transferred to special servicing is on the rise, but unlike the last two times special servicing rates shot up — in 2020 at the onset of the pandemic and during the Global Financial Crisis — interest rates are already…

Read Full Story

  Share:  
Perforation

Remembering Bisnow CEO Will Friend: ‘He Taught Me How To Be A Boss’

Remembering Bisnow CEO Will Friend: ‘He Taught Me How To Be A Boss’  

When Will Friend was 15 years old, he traveled alone from the United Kingdom to Washington, D.C., and after a few days he called his parents across the Atlantic to break some news: He wasn’t coming back.

Most teenagers could never have gotten away with such a bold move, but most kids weren’t Will and not only did he get away with it — he convinced them that it was a good idea.

So, he left the prestigious Harrow School in London, made famous by his idol Sir Winston Churchill, and set off for a new life. As he recalled later, he just instantly “fell in love with America.”

“I could feel the American dream,” Friend said in 2019 on The Fort podcast. “It’s hard to truly appreciate what that feels like until you’ve lived somewhere else. Anything is possible in America, and it’s important to never take that for granted.”

By all accounts, he never did. Motivating people to go to places within themselves and push beyond their own self-perceived limits was a hallmark of Will’s personality, but his first project was himself, and coming to the U.S. alone as a teenager was an early glimpse of the man Will became.

Through sheer determination, it worked out quite well for Will.  By the time he turned 27, he had already risen through the ranks of Bisnow to become its CEO. He transformed the company from a local, family-run events business into a global company that now boasts 350 annual digital and…

Read Full Story

  Share:  
Perforation

In Case You Missed It...

The 10 Biggest Blocks Of Manhattan Office Space Hunting For A Tenant The 10 Biggest Blocks Of Manhattan Office Space Hunting For A Tenant
New High Set For Manhattan Office Vacancy As Leasing Slump Drags On New High Set For Manhattan Office Vacancy As Leasing Slump Drags On
Global Holdings Takes Over 190-Room NoMad Hotel Via Deed-In-Lieu Global Holdings Takes Over 190-Room NoMad Hotel Via Deed-In-Lieu
Bankrupt MediaMath Looks To Reject 100K SF World Trade Center Lease Bankrupt MediaMath Looks To Reject 100K SF World Trade Center Lease
'Power Is The New Parking': What Companies Want Most In Their Industrial Space Is Rapidly Shifting 'Power Is The New Parking': What Companies Want Most In Their Industrial Space Is Rapidly Shifting
 
 
 
BISNOW
 
       
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: newsletter.archives@bisnow.com
 
   
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 68847