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A photo illustration of 8 Spruce Street and 616 First Avenue (Getty, Google Maps)

NYC multifamily sales boomed, but party could be over

UPDATED Feb. 1, 2023, 3:43 p.m. New York City’s multifamily market had a banner 2022, but higher interest rates...

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
A photo illustration of Blackstone's Jon Gray (Getty, Blackstone)
National

Blackstone ramps up tenant evictions

One of the country’s biggest landlords is ramping up evictions after a long period of pandemic-related forbearance. Blackstone filed eviction lawsuits against hundreds of tenants across the nation, the Financial Times reported. Court records...

Blackstone ramps up tenant evictions
10 Riverside Boulevard (One Waterline Square, Getty)

Holiday hangover: Manhattan’s luxe market is stuck

Manhattan’s luxury market is still dealing with a holiday hangover. The borough saw 15 signed contracts, to make the...

Holiday hangover: Manhattan’s luxe market is stuck
3 Riverside Drive (Google Maps)

Won’t anyone buy this Upper West Side mansion?

The selling saga of an Upper West Side mansion is rolling along with another price cut for the landmarked...

Won’t anyone buy this Upper West Side mansion?

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