News
Midtown pays $45M for suburban complex, tees up rentals project
16+ hour, 40+ min ago (373+ words) Firm also owns adjacent property, giving it over 23 contiguous acres Midtown Capital Partners" Alejandro Velez (buyer) and TPA Group"s J. Nathan Pramik and Bradford " Midtown Capital Partners bought an office complex in Pembroke Pines for $44.5 million, making way for a…...
RXR acquires minority stake in Upper East Side luxury rental
1+ day, 21+ hour ago (321+ words) Scott Rechler's deal also includes 20 townhouse units nearby Scott Rechler is buying into a luxury rental building on the Upper East Side, as well as a bunch of townhouse units in its vicinity. RXR acquired a 45 percent stake in 265 East…...
JDS, PMG’s 111 West 57th Street snags top Manhattan contract, nears sellout
2+ day, 17+ hour ago (428+ words) Buyers signed contracts for 20 Manhattan homes asking $4M+ last week JDS Development and Property Markets Group's 111 West 57th Street is almost across the sellout finish line." One of the last remaining units at the Billionaires' Row tower, asking $18.3 million, found a buyer…...
Lenders cut nine-figure deals outside of New York City limits
2+ day, 17+ hour ago (330+ words) Real estate finance heads would be wise to train their eyes beyond New York City, where a pair of nine-figure debt deals unfolded in recent days. Closer to the Big Apple, Rose Associates and Battery Global Advisors refinanced their 440-unit…...
Midtown lands $84M debt for Flagler Village apartments amid supply overhang
1+ week, 1+ day ago (424+ words) BridgeInvest provided construction bridge loan for complex to be completed this summer Midtown Capital Partners scored an $84 million construction bridge loan for its Flagler Village apartment project." Miami-based Midtown Capital is expected to complete the 252-unit Astor Park Flagler Village…...
Manhattan office leasing roars back to pre-pandemic pace
1+ week, 1+ day ago (339+ words) Q4 marked highest yearly total since 2019 Manhattan office leasing closed out last year like it was 2019, posting its strongest quarter since before the pandemic. Demand surged, availability tightened and rents pushed higher across much of the city, according to Colliers data....
Manhattan’s top office leases of 2025
4+ week, 1+ day ago (1252+ words) NYU, Jane Street crack the 1M sf mark New York office leasing finally shook out of its pandemic-era rut in 2025." In the year that JP Morgan opened its new $3 billion headquarters at 270 Park Avenue as the ne plus ultra of the…...
New York City’s top office leases in November
1+ mon, 5+ day ago (403+ words) A workforce management platform and financial services firm topped November's list. The workforce management platform inked a new 10-year lease in the Penn Plaza building, relocating from its current home at 4 World Trade Center. Sacha Zarba and Jeff Fischer of…...
David Werner, 601W seal deal on $165M Midtown East buy
2+ mon, 1+ day ago (315+ words) JPMorgan Chase provides acquisition financing for 205 East 42nd Street David Werner Real Estate Investments and 601W Companies closed on an acquisition in Midtown East, raising the question: Is a conversion next? Werner and 601W bought 205 East 42nd Street from the Durst Organization for $165 million,…...
Andrew Farkas eyes $275M for Lexington Hotel
2+ mon, 3+ day ago (369+ words) Bank, joint venture looks to sell Midtown East property amid luxury hotel boom Andrew Farkas" Island Capital is looking to get in on New York City"s booming hotel market, offering the landmarked Lexington Hotel in Midtown East for sale....