Commercial Real Estate

Tom Barrack and Mahmood Khimji (Getty)

Colony sells most of its hotel biz to Highgate in $2.8B deal

Tom Barrack’s Colony Capital is selling the majority of its beleaguered hotel business to private investor Highgate Hotels in...

Colony sells most of its hotel biz to Highgate in $2.8B deal
731 Lexington Avenue and 410 East 61st Street (inset) with Vornado's Steve Roth (Googel Maps; VNO)

Home Depot eyes former Bed Bath & Beyond space on First Ave

Big-box retailers are playing musical stores on the Upper East Side. Home Depot, which currently leases nearly 80,000 square...

Home Depot eyes former Bed Bath & Beyond space on First Ave
Ian Schrager and the Pulic Hotel at 215 Chrystie Street (Getty; Google)

$60M mezz loan on Ian Schrager’s Public Hotel is for sale

Korean lender Shinhan Investment wants to sell its $60 million mezzanine loan on the Public Hotel in the Lower...

$60M mezz loan on Ian Schrager’s Public Hotel is for sale
220 East 42nd Street and SL Green CEO Marc Holliday (SL Green)

SL Green, Chetrit settle lawsuit over Daily News building

SL Green Realty and Jacob Chetrit have resolved their dispute over the busted deal for the Daily News Building,...

SL Green, Chetrit settle lawsuit over Daily News building
J.C. Penney at the Westfield South Shore mall in Long Island and  J.C. Penney CEO Jill Soltau (Google Maps; Getty)

J.C. Penney to keep Bay Shore outpost open for now

J.C. Penney announced Thursday that the department store chain will not shutter its store at the Westfield South Shore...

J.C. Penney to keep Bay Shore outpost open for now
(iStock)

With eviction moratorium set to expire, landlord-backed group raised more funds to help renters

Philanthropic donors have added $3 million to a landlord-backed initiative begun in May to help some of the neediest New Yorkers facing eviction due...

With eviction moratorium set to expire, landlord-backed group raised more funds to help renters
Signature Bank CEO Joseph DePaolo and New York Community Bank CEO Joseph Ficalora (Photos via Getty; Facebook; iStock)

NYC’s multifamily lenders see shares tumble in 2020

Despite assurances that rent collections have remained strong, share prices for community banks in New York have plummeted. Since...

NYC’s multifamily lenders see shares tumble in 2020
WeWork CEO Sandeep Mathrani (Getty)

WeWork sells majority stake in China division

WeWork has sold a $200 million stake in its China business, a move to reduce its long-term exposure to...

WeWork sells majority stake in China division
The analysis predicts that office vacancies across the world will continue upward (iStock)

Report: Office market won’t return to glory until 2025

The office market won’t reach pre-Covid levels until 2025, a brokerage report has found. The analysis by Cushman and...

Report: Office market won’t return to glory until 2025
Korean wave pours into U.S. commercial real estate

Korean wave pours into U.S. commercial real estate

In April, as New York faced the darkest days of the coronavirus outbreak to date, the city’s biggest office...

Korean wave pours into U.S. commercial real estate
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