Georgetown Co. will bring life sciences hub to Far West Side
The Georgetown Company will bring a life-sciences hub to Manhattan’s Far West Side, where Icahn School of Medicine at...
Court saves SJP’s 200 Amsterdam from wrecking ball
The controversial Upper West Side condo tower that a judge ruled was built too tall may avoid the wrecking...
National Issue
Underwater hotel owners are walking away from their properties
With its hotels business battered by the pandemic, Ashford Hospitality Trust took a cold, hard look at its portfolio...
National
TPG RE Finance CEO Greta Guggenheim stepping down
The head of TPG Real Estate Finance Trust is stepping down next month. Company CEO Greta Guggenheim, who joined...
National
CBRE’s 2020 earnings down 8%
“Asset-light” is the buzzword trending in the flex-office space — and at CBRE, too. Bob Sulentic, the commercial real estate giant’s CEO, said that was a big factor in CBRE’s decision to buy a...
SL Green, Ben Ashkenazy duke it out over Madison Avenue office
Two of New York real estate’s shrewdest chess players are attempting to outmaneuver one another for control over a...
Toby Moskovits’ Williamsburg Hotel enters bankruptcy
Toby Moskovits’ distressed Williamsburg Hotel has entered into bankruptcy. Heritage Equity Partners, under the LLC 96 Wythe Acquisition, filed...
Hedge funder Philip Falcone may lose UES, Hamptons homes
Embattled hedge funder Philip Falcone is in danger of losing his pricey homes on the Upper East Side and...
Clipper Equity lands $100M DoBro refi
David Bistricer tapped the CMBS market to refinance one of his Downtown Brooklyn office buildings with a $100 million loan. Bistricer’s Clipper Equity secured financing from Citi for the REIT’s 216,000-square-foot 141 Livingston Street,...
Issue
The Closing: Dov Hertz
Dov Hertz has left an indelible mark on New York’s skyline. Two marks, actually. Over the course of 14 years heading up acquisitions and assemblage for Extell Development, Hertz helped put together the sites...