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January 2, 2024

This Week’s N.Y. Deal Sheet

Developers And City Officials Share Insights On Multifamily Development Without 421-a March 21

Manhattan's office leasing market saw a strong end to 2023 carry into the new year. Several developers also landed major construction loans to close out the year, deals that were somewhat concentrated in the outer boroughs.

TOP LEASES

This Week’s N.Y. Deal Sheet

Vornado Realty Trust started 2024 with a 175K SF lease at its 2M SF office tower at 1290 Sixth Ave., the New York Post reported. Law firm King & Spalding is set to move in 2025 from SL Green’s 1185 Sixth Ave., where it has been…

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Top Stories on Bisnow.com

Trouble Piles Up As NAR Faces 'Extinction-Level Event' Trouble Piles Up As NAR Faces 'Extinction-Level Event'
CRISPR Drug Highlights Fluid Connection Between Drug Approvals And Real Estate CRISPR Drug Highlights Fluid Connection Between Drug Approvals And Real Estate
Mortgage REIT JER Files For Chapter 11 Mortgage REIT JER Files For Chapter 11
Your One-Stop Shop For End-Of-Year Recaps And 2024 Predictions Your One-Stop Shop For End-Of-Year Recaps And 2024 Predictions
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40 CRE Execs Tell Us How 2024 Will Play Out — And What They're Doing To Prepare

40 CRE Execs Tell Us How 2024 Will Play Out — And What They're Doing To Prepare  

Historians will not look back at 2023 as a happy year for commercial real estate. But that was then and this is now. As the Bisnow newsroom learned in the waning hours of 2023, the industry is more than ready for 2024 — for the challenge of willing it to become…

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Nontraded REIT Fundraising Plunged By Two-Thirds In 2023 While Investors Asked For Their Money Back

Nontraded REIT Fundraising Plunged By Two-Thirds In 2023 While Investors Asked For Their Money Back  

Nontraded REITs, once a darling among investors, lost much of their allure during 2023, raising $9.8B last year through November compared with $33.2B in 2022, The Wall Street Journal reports, citing Robert A. Stanger & Co. data. At the same time, investors cashed out to the tune of…

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In Case You Missed It...

Paul, Weiss Signs Largest U.S. Office Lease Of 2023 Paul, Weiss Signs Largest U.S. Office Lease Of 2023
13 Stories That Defined NYC Commercial Real Estate In 2023 13 Stories That Defined NYC Commercial Real Estate In 2023
Times Square Landlords Throw Weight Behind SL Green And Caesars’ Casino Bid Times Square Landlords Throw Weight Behind SL Green And Caesars’ Casino Bid
Duolingo Subleasing 86K SF From Spotify At 4 World Trade Center Duolingo Subleasing 86K SF From Spotify At 4 World Trade Center
Prada Buys Fifth Avenue Flagship For $425M Prada Buys Fifth Avenue Flagship For $425M
 
 
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