Commercial Real Estate

(Photo Illustration by Steven Dilakian for The Real Deal with Getty)
Tri-State

Tri-state rents are up and down — at the same time

Rent is in the eye of the beholder. In the tri-state area, at least. Compared with a year ago,...

Tri-state rents are up and down — at the same time
From left: Joseph Chetrit, Barry Sternlicht, David Rubenstein, Michael Dell, and Marc Holliday, along with 305 East 86th Street and 1540 Broadway (Getty, Carlyle, Google Maps)

New York City’s biggest borrowers of 2022

Lingering uncertainty in New York City’s office market and a virtual moratorium on new hotels allowed a self-storage deal to top the list of 2022’s largest real estate loans. The 10 largest financing deals...

New York City’s biggest borrowers of 2022
From left: Värde Partners’ IIfryn Carstairs and Hawkins Way Capital’s Ross Walker along with 525 Lexington (Getty, Värde Partners, Hawkins Way Capital, Google Maps)

Hawkins Way, Värde buy defunct Marriott East Side hotel

Hawkins Way Capital has picked up another shuttered hotel on Manhattan’s East Side. The Beverly Hills–based company and the...

Hawkins Way, Värde buy defunct Marriott East Side hotel
New York Community Bank CEO Thomas Cangemi

NYCB slashes 10% of staff as resi mortgages slump

New York Community Bank slashed 10 percent of its staff last week as rising rates sapped residential mortgage activity....

NYCB slashes 10% of staff as resi mortgages slump
Warehouse buildings
National

U.S. industrial sales dropped 30% toward normal in 2022

Rents and demand across industrial real estate were on the rise last year, but the sector’s sales boom appears...

U.S. industrial sales dropped 30% toward normal in 2022
A photo illustration of 8 Spruce Street and 616 First Avenue (Getty, Google Maps)

NYC multifamily sales boomed, but party could be over

New York City’s multifamily market had a banner 2022, but higher interest rates figure to slow things down this...

NYC multifamily sales boomed, but party could be over
From left: Ace Hotel’s Brad Wilson and Omnia Group's David Paz along with 225 Bowery (Getty, Google Maps, Ace hotel, Omnia Group)

Bowery micro-hotel files for bankruptcy

David Paz had dreams of turning a Lower East Side flophouse into a chic, budget-friendly hotel. Now he is just trying to keep the property out of its lenders’ hands. Paz’s company put the...

Bowery micro-hotel files for bankruptcy
200 Park Avenue and Tishman Speyer's Rob Speyer(Tishman Speyer, Getty)

MetLife Building gets the luck of the Irish

Irish eyes are smiling on one of the most famous commercial buildings in Manhattan. The Irish government leased 43,000 square feet at 200 Park Avenue, aka the MetLife Building, the Commercial Observer reported. The...

MetLife Building gets the luck of the Irish

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