Down Town Association files for bankruptcy
Lower Manhattan’s oldest social club is going under. The Down Town Association said in a bankruptcy filing on Thursday it had less than $75,000 to pay $6.9 million in debt, primarily held by its...
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The Latest
19 years after 9/11, does Lower Manhattan still need subsidies?
In the nearly 20 years since the tragic Sept. 11 attacks, much has changed in Lower Manhattan. One constant,...
National
First black “Bachelor” for ABC comes from real estate world
The newest “Bachelor” isn’t just the first black man to hold the role in ABC series history. He also...
Howard Hughes project at 250 Water Street triggers primary race
A second-term Assembly member in Lower Manhattan has drawn a challenger inspired by a real estate issue: Howard Hughes...
On anniversary of 9/11, the World Trade Center office market is now helping propel Downtown
After the devastation of the Sept. 11 attacks, it was years before the city and developers could break ground on the 16-acre site. In...
Karfunkel family inks $200M refi for Lower Manhattan tower
The Karfunkel family has landed $200 million in refinancing for a Lower Manhattan office tower. The mortgage for 59...
The city is scrapping plans for a new 40-story lower Manhattan jail
The city is no longer planning to build a 40-story jail in Lower Manhattan due to the issue of...
Pan Am refinances downtown portfolio
Pan Am Equities has secured a total $60.6 million in financing for four projects in Lower Manhattan. The financing, provided in four separate transactions by People’s United Bank, will replace previous debt on 37-39...
Weekend Edition
Larry Silverstein’s needed a new $32.6M pad to escape Midtown’s “old fogeys”
After 33 years, Larry Silverstein felt it was time for a change. He and his wife, Klara, moved out of their long-time home on...
This low-key NYC real estate investor just landed on Bloomberg’s billionaire’s index
Real estate investor and banking executive Moses Marx, who owns several prominent commercial buildings in downtown New York, is one of the latest additions...