Furnishing firm picks up 4 condos at 60 Guilders, Carlyle’s Midtown South project
Kevin Chisholm’s 60 Guilders and the Carlyle Group have found a buyer for four condos at their Midtown South...
Commercial Real Estate
New York’s multifamily sales improve in Q3
New York City’s multifamily investment sales improved in the third quarter compared to second quarter results, as the number...
Bank OZK’s lending up in third quarter
New York’s commercial real estate market has been pummeled by the pandemic, but one of its biggest condo construction lenders reported almost no write-downs in the third quarter. On its earnings call Friday, Arkansas-based...
Gap Inc. will close 350 stores and exit malls entirely
Another big retailer is leaving struggling malls behind. Gap Inc. announced Thursday that it will close 350 of its...
Citi Field lease clause could stymie billionaire’s quest for the Mets
Little stands in the way of Steve Cohen, the billionaire hedge fund manager, acquiring the New York Mets —...
WeWork bonds, already junk, downgraded by Fitch
WeWork’s credit rating, already rated as junk, has been downgraded on concerns that the pandemic could seriously weaken demand...
The Closing: Wendy Silverstein
Wendy Silverstein’s career has been all about getting her hands dirty. The 17-year veteran of Vornado Realty Trust helped grow the company from a $3 billion owner of New Jersey strip malls to a...
Cash-strapped borrowers are increasingly giving keys back to lenders
UPDATED, Oct. 23, 2020, 5:15 p.m.: Many commercial mortgage-backed securities borrowers that are strapped for cash are trying to...
Appraisal cuts Kushner Companies’ Times Square retail value 80%
New York Times food critic Pete Wells’ epic takedown of Guy Fieri’s restaurant is no longer the worst review...
SL Green’s lament: Office comeback “always right around the corner”
As New York City progressed through the different reopening phases over the summer, office landlords pointed to Labor Day...