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March 12, 2024

This Week’s N.Y. Deal Sheet

Alexandria, BXP And AstraZeneca Among Companies Headlining International Life Sciences & Biotech Conference Sept. 11-12

The weather is warming up in New York, and so are the deals, with multiple leases larger than 100K SF signed, a number of significant loans and a pair of churches selling off real estate.

TOP LEASES

This Week’s N.Y. Deal Sheet

Global asset manager Tikehau Capital has signed a 23K SF lease at 9 W. 57th St., landlord The Soloviev Group announced. Tikehau will occupy space on the 45th floor of the 50-story skyscraper just south of Central Park, which recently underwent modernization and has tenants including Pointstate Capital and…

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Top Stories on Bisnow.com

More Construction Projects Are Being Delayed Or Abandoned Entirely More Construction Projects Are Being Delayed Or Abandoned Entirely
4 Years Into Pandemic, Office Use Showing No Signs Of Big Bounce Back 4 Years Into Pandemic, Office Use Showing No Signs Of Big Bounce Back
Inflation Ticked Up In February, Fueled By Housing Costs Rising Again Inflation Ticked Up In February, Fueled By Housing Costs Rising Again
DOJ, FTC Ask Court Not To Dismiss Antitrust Suit Against Yardi, Property Managers DOJ, FTC Ask Court Not To Dismiss Antitrust Suit Against Yardi, Property Managers
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New York Senate Includes 421-a Replacement, Good Cause In Budget Proposal

New York Senate Includes 421-a Replacement, Good Cause In Budget Proposal

The housing crisis is firmly on the agenda in this year's New York state legislative session. The New York Senate revealed its plan to create more affordable housing statewide late Monday night in its annual one-house budget proposal, including a new multifamily development tax abatement and zoning changes that could spur…

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Arrest Warrant Issued For Notorious Manhattan Apartment Landlord

Arrest Warrant Issued For Notorious Manhattan Apartment Landlord  

A New York City landlord is looking at the possibility of spending weeks behind bars on Rikers Island after chalking up almost 700 violations in a pair of residential buildings. A housing court judge issued an arrest warrant for Daniel Ohebshalom, whose name reached the top of the Public Advocate’s list of…

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In Case You Missed It...

American Dream Owner Sees World Cup Final As Chance To Change $5B Mall’s Story American Dream Owner Sees World Cup Final As Chance To Change $5B Mall’s Story
Adams, Construction Unions To Partner On $400M Workforce Housing Development Fund Adams, Construction Unions To Partner On $400M Workforce Housing Development Fund
NYCB Got A $1B Lifeline, But Multifamily Borrowers Are Still Adrift NYCB Got A $1B Lifeline, But Multifamily Borrowers Are Still Adrift
New York Community Bancorp Lands $1B In Equity, Names New CEO New York Community Bancorp Lands $1B In Equity, Names New CEO
City Planning Commission Says Yes To Adams' Commercial Zoning Reform City Planning Commission Says Yes To Adams' Commercial Zoning Reform
 
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Housing Secretary Marcia Fudge To Resign

Housing Secretary Marcia Fudge To Resign  

After three years leading the Biden administration’s housing efforts, Marcia Fudge, secretary of the Department of Housing and Urban Development, is stepping down. 

Fudge announced the resignation, which is to take effect March 22, on Monday, eight months before the 2024 presidential election. She was the first Black woman to lead the department in four decades.

“It has always been my belief that government can and should work for the people,” Fudge said in a  statement. “For the last three years, I have fully embraced HUD's mission to create strong, sustainable, inclusive communities and quality affordable homes for all.” She said it comes with “mixed…

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