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January 30, 2024

This Week’s N.Y. Deal Sheet

Jed Resnick Of Douglaston Development Discusses Breaking Ground On $320M Multifamily Project In Brooklyn March 21

Higher education institutions were responsible for some of the largest leases this week in New York City, while financing activity was dominated by a slew of multifamily loans.

TOP LEASES

This Week’s N.Y. Deal Sheet

Greater New York Mutual Insurance has signed a 52K SF lease at the Empire State Building, Bloomberg reported. The insurer’s headquarters is currently located at 200 Madison Ave., and it is unclear whether the lease will see the firm relocate or open a new office in the 

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Top Stories on Bisnow.com

Apartment Defaults To Double This Year, Fitch Predicts Apartment Defaults To Double This Year, Fitch Predicts
Walker & Dunlop Investment Partners Closes $157.5M Multifamily Debt Fund Walker & Dunlop Investment Partners Closes $157.5M Multifamily Debt Fund
Small Labs Hit Growth Spurt To Make Space For Biotech's Evolution Small Labs Hit Growth Spurt To Make Space For Biotech's Evolution
Landlords No Longer Discounting Retail Rent As Vacancy Dips Landlords No Longer Discounting Retail Rent As Vacancy Dips
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N.Y. Comptroller Asks eXp Realty To Investigate Sexual Harassment Allegations

N.Y. Comptroller Asks eXp Realty To Investigate Sexual Harassment Allegations

The office of the New York State comptroller has asked eXp Realty to investigate allegations of sexual harassment and assault at company events, The New York Times reports. There are currently two lawsuits pending against the company by five women who worked as agents for eXp.The state comptroller…

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Ashkenazy Sells Boston's Iconic Faneuil Hall Marketplace

Ashkenazy Sells Boston's Iconic Faneuil Hall Marketplace  

Boston's historic  Faneuil Hall Marketplace has traded hands after city leaders raised concerns about underinvestment and a string of national chains opening.  J. Safra Group reached a deal to acquire the ground lease for the marketplace from New York-based Ashkenazy Acquisition Corp., the buyer  announced Monday.…

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In Case You Missed It...

Dock 72 Lands 63K SF Relocation Of Pratt Institute Grad Program Dock 72 Lands 63K SF Relocation Of Pratt Institute Grad Program
LVMH Reportedly Is Next Luxury Retailer Who Wants To Buy A Piece Of Fifth Avenue LVMH Reportedly Is Next Luxury Retailer Who Wants To Buy A Piece Of Fifth Avenue
NYC Comptroller Files $40M Suit Against Developer For Construction Wage Violations NYC Comptroller Files $40M Suit Against Developer For Construction Wage Violations
Investors Sue Thor Equities Over Lack Of Distributions From Fifth Avenue Building Investors Sue Thor Equities Over Lack Of Distributions From Fifth Avenue Building
SL Green To Raise $1B NYC Debt Fund, Forecasts Growth After Painful Year SL Green To Raise $1B NYC Debt Fund, Forecasts Growth After Painful Year
 
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'Waterless' Data Centers Aren't Always The Most Sustainable Choice

'Waterless' Data Centers Aren't Always The Most Sustainable Choice  

As more data centers rise in desert communities and provoke concerns over their massive water consumption, the developers of these facilities are increasingly highlighting their ability to build “waterless” data centers. But when it comes to whether such a data center is actually the most sustainable option for a specific community, the waters can be murky. 

The data center industry’s record growth over the past three years has led to greater public scrutiny of the sector’s environmental footprint and sustainability practices. While the brightest spotlight has focused on the enormous amounts of energy these facilities consume, their water consumption is  drawing greater attention as…

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