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September 5, 2023

This Week’s N.Y. Deal Sheet
Use Code LD2023 At Checkout

The week before Labor Day was expectedly slow in New York City's commercial real estate industry, with a handful of multifamily sales making up the most significant activity.

TOP SALES

This Week’s N.Y. Deal Sheet

New York University has acquired a multifamily building in Kips Bay for $210M, PincusCo reports. The higher education institution spent $210M on the 25-year-old, 209-unit building at 377 East 33rd St. The seller, Verbena Road Holdings, put the 23-story property on the market in April, asking $170M after having bought it…

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Top Stories on Bisnow.com
Firm That Raised Largest-Ever Self-Storage Investment Fund Fined $20.5M By SEC Firm That Raised Largest-Ever Self-Storage Investment Fund Fined $20.5M By SEC
37 Leases On The Line As Yellow's Bankruptcy Fallout Continues 37 Leases On The Line As Yellow's Bankruptcy Fallout Continues
With $2B In Maturities Coming By Year's End, Senior Housing Owners Face Fading Demand With $2B In Maturities Coming By Year's End, Senior Housing Owners Face Fading Demand
Keller Williams Execs Hit With Another Racketeering Suit Keller Williams Execs Hit With Another Racketeering Suit
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Diversified Healthcare Trust, Office Properties Income Trust Scrap Merger After Shareholder Revolt

Diversified Healthcare Trust, Office Properties Income Trust Scrap Merger After Shareholder Revolt

Office Properties Income Trust and Diversified Healthcare Trust have called off their planned merger. A vote on the deal that had been scheduled for Wednesday has been canceled.Since the announcement of the deal in April, it faced stiff opposition. A number of hedge funds with large stakes in DHC,…

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Is The Shed Dead? NYC Cracking Down On Unsightly Construction Scaffolding
PRESENTED BY:   Ingram Yuzek Gainen Carroll & Bertolotti, LLP
 
Is The Shed Dead? NYC Cracking Down On Unsightly Construction Scaffolding  

Along with the charming historic buildings and modern skyscrapers, what one may notice when walking the streets of New York City are the “green boxes,” or scaffolding sheds, that riddle the city, taking up about 400 miles of sidewalk space. These sheds are required to be installed to protect…

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In Case You Missed It...
N.Y. Hotel Occupancy Soars 10% As Tourists Flock To The City N.Y. Hotel Occupancy Soars 10% As Tourists Flock To The City
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Blackstone Sells Manhattan Multifamily Portfolio, Evading Foreclosure Blackstone Sells Manhattan Multifamily Portfolio, Evading Foreclosure
 
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Doomsday Averted? Emerald Creek’s Jeff Seidler To Address State Of CRE Market At Bisnow Event

PRESENTED BY:   Emerald Creek Capital
 
Doomsday Averted? Emerald Creek’s Jeff Seidler To Address State Of CRE Market At Bisnow Event  

Commercial real estate hasn’t quite returned to pre-pandemic levels, but it has improved enough that Emerald Creek Capital Managing Director Jeff Seidler is comfortable using words like "normalized" and "more predictable" to describe the state of CRE finance. Seidler, whose New York City-based firm is a bridge lender for commercial…

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