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February 20, 2024

This Week’s N.Y. Deal Sheet

Lendlease, Brookfield And Jamestown Headline The Speaker Lineup For New York Construction & Development Event Feb. 22

It was a quiet week for NYC CRE surrounding the federal holiday Monday, with just a handful of leases closing and the majority of sales and financing transactions taking place in the outer boroughs.

TOP LEASES

This Week’s N.Y. Deal Sheet

Northwood Investors has signed two nonprofits to leases spanning 69K SF at its 1180 Sixth Ave. office tower. Selfhelp Community Services signed for 46K SF, moving into a custom-designed space on the second and third floors of the 23-story building. American National Standards Institute signed for 23K SF for the entire 10th…

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Top Stories on Bisnow.com

Slight Uptick In CRE Loan Closings Signals Possible Stabilization Of Financing Market Slight Uptick In CRE Loan Closings Signals Possible Stabilization Of Financing Market
Smart-Glass Maker View Under Pressure From Cantor Fitzgerald, May Be Forced To Sell Assets Smart-Glass Maker View Under Pressure From Cantor Fitzgerald, May Be Forced To Sell Assets
Marcus & Millichap Reports $10M Loss, Shrinking Number Of Brokers Marcus & Millichap Reports $10M Loss, Shrinking Number Of Brokers
KBS REIT Must Raise $100M To Retain $613M Office Portfolio KBS REIT Must Raise $100M To Retain $613M Office Portfolio
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Supreme Court Declines To Hear 2 Challenges To Rent Stabilization Laws

Supreme Court Declines To Hear 2 Challenges To Rent Stabilization Laws

Opponents of New York's rent stabilization laws saw their two final chances to get the U.S. Supreme Court to consider their legal challenges go up in smoke Tuesday.The nation's highest court declined to hear two cases brought by individual owners of New York City apartment buildings. The…

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Another Potential Buyer Shows Interest In Acquiring WeWork

Another Potential Buyer Shows Interest In Acquiring WeWork  

Rental platform Rentberry is throwing its hat into the ring with “plans to explore” making an offer to buy bankrupt coworking company WeWork.   Rentberry said it intends to make an offer this week, backed by venture capital firm Berkeley Hills Capital. Rentberry didn't share details about how much…

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In Case You Missed It...

Engel Burman Files $22.5M Lawsuit Against Founder's Son In Family Feud Escalation Engel Burman Files $22.5M Lawsuit Against Founder's Son In Family Feud Escalation
Westfield Wants To Terminate Retail Lease At Fulton Center, Citing Safety Concerns Westfield Wants To Terminate Retail Lease At Fulton Center, Citing Safety Concerns
Trump Fined $355M, Banned From N.Y. Business In Fraud Verdict Trump Fined $355M, Banned From N.Y. Business In Fraud Verdict
Manhattan Building That WeWork Vacated Could Be Turned Into Migrant Shelter Manhattan Building That WeWork Vacated Could Be Turned Into Migrant Shelter
Legendary Broker Bob Knakal Out At JLL Legendary Broker Bob Knakal Out At JLL
 
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Covid-Era Back Rent Beginning To Flow For Apartment Landlords

Covid-Era Back Rent Beginning To Flow For Apartment Landlords  

After nearly four years, the country’s largest apartment owners are beginning to see revenue trickle in from units where renters were protected by pandemic-inspired moratoriums from evictions or rising rents. Turning those small revenue streams back on helped multifamily-focused REITs tread water in an increasingly choppy sea, according…

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