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...
Commercial Real Estate
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...
$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...
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,...
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...
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...
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...
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...
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...
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...
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