https://www.bisnow.com/sitemap Bisnow New York News http://blogs.law.harvard.edu/tech/rss en-US Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/office/nyc-office-development-poised-for-biggest-opportunity-since-gfc-landlords-say-132070 https://www.bisnow.com/new-york/news/office/nyc-office-development-poised-for-biggest-opportunity-since-gfc-landlords-say-132070 Some of New York City’s biggest commercial real estate names are betting that office has not only recovered from its pandemic downturn — it’s entering a brand new era. ciara.long@bisnow.com Tue, 25 Nov 2025 15:40:53 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/commercial-real-estate/doj-convicts-70-nycha-employees-in-bribery-plot-132086 https://www.bisnow.com/new-york/news/commercial-real-estate/doj-convicts-70-nycha-employees-in-bribery-plot-132086 The Department of Justice has convicted dozens of New York City Housing Authority employees in a pay-to-play contracting scheme.  The 70 employees were charged in February 2024 with accepting bribes in exchange for awarding repair contracts. In an... sasha.jones@bisnow.com Wed, 26 Nov 2025 13:25:28 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/retail/retail-property-management-cushmanwakefield-studiob-131980 https://www.bisnow.com/new-york/news/retail/retail-property-management-cushmanwakefield-studiob-131980 Retail property management isn’t what it used to be. The business has evolved from maintaining buildings and collecting rent to curating experiences, building communities and creating environments where people want to stay longer and come back often. This... julia.troy@bisnow.com Thu, 20 Nov 2025 10:11:30 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/deal-sheet/overtime-expands-in-dumbo-the-ny-deal-sheet-132055 https://www.bisnow.com/new-york/news/deal-sheet/overtime-expands-in-dumbo-the-ny-deal-sheet-132055 Sports media company Overtime is expanding in Downtown Brooklyn. The venture capital-backed sports content company signed for 41K SF at Two Trees Management Co.’s 20 Jay St., growing its existing space on the sixth and seventh floors, according to a... ciara.long@bisnow.com Tue, 25 Nov 2025 10:26:51 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/national/news/commercial-real-estate/blue-highway-initiative-short-sea-shipping-nyc-132029 https://www.bisnow.com/national/news/commercial-real-estate/blue-highway-initiative-short-sea-shipping-nyc-132029 Miles of prime waterfront real estate that supported the early industrial economies of cities like New York fell to the wayside after cars, trucks and highways replaced historic shipping routes.  Some of that land has been repurposed for apartments and... noah.zucker@bisnow.com Fri, 21 Nov 2025 15:46:15 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/office/esrt-ceo-tony-malkin-isnt-worried-about-ai-coming-for-office-footprints-132017 https://www.bisnow.com/new-york/news/office/esrt-ceo-tony-malkin-isnt-worried-about-ai-coming-for-office-footprints-132017 Artificial intelligence is already eliminating jobs, but not the kind that need a New York office, Empire State Realty Trust CEO Tony Malkin says. ciara.long@bisnow.com Fri, 21 Nov 2025 17:03:06 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/construction-development/developers-pitch-increased-density-for-stalled-pacific-park-megadevelopment-131988 https://www.bisnow.com/new-york/news/construction-development/developers-pitch-increased-density-for-stalled-pacific-park-megadevelopment-131988 The joint venture that recently took control of Pacific Park has an ambitious new vision for the long-stalled Brooklyn development covering several blocks of Atlantic and Flatbush avenues and air rights over subway rail yards. sasha.jones@bisnow.com Thu, 20 Nov 2025 12:54:04 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/hotel/discounts-driving-rebound-in-sales-of-manhattan-luxury-hotels-131981 https://www.bisnow.com/new-york/news/hotel/discounts-driving-rebound-in-sales-of-manhattan-luxury-hotels-131981 A growing number of owners who have held on to their luxury New York City hotels through the pain of the past five years have had enough. ciara.long@bisnow.com Thu, 20 Nov 2025 10:22:23 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/commercial-real-estate/higher-education-new-york-gbi-studiob-131475 https://www.bisnow.com/new-york/news/commercial-real-estate/higher-education-new-york-gbi-studiob-131475 American universities are facing an “enrollment cliff.”  Over the next 15 years, the applicant pool of 18-year-old students is expected to shrink by nearly 15%, with states such as Illinois, California and New York projected to see the steepest declines.... emily.lynch@bisnow.com Wed, 22 Oct 2025 10:35:19 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/property-management/cushman-wakefield-layoffs-pinnacle-city-living-closures-131911 https://www.bisnow.com/new-york/news/property-management/cushman-wakefield-layoffs-pinnacle-city-living-closures-131911 A Cushman & Wakefield apartment management subsidiary is being sold, impacting at least 138 employees, mostly in New York City, according to a series of public filings. ethan.rothstein@bisnow.com Fri, 14 Nov 2025 13:23:17 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/deal-sheet/natixis-supplies-new-financing-for-uws-resi-tower-the-ny-deal-sheet-131943 https://www.bisnow.com/new-york/news/deal-sheet/natixis-supplies-new-financing-for-uws-resi-tower-the-ny-deal-sheet-131943 A trophy Upper West Side apartment building has been refinanced for $260M after its previous owner had trouble with its mortgage. ciara.long@bisnow.com Tue, 18 Nov 2025 13:48:14 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/affordable-housing/rent-stabilized-landlords-article-xi-hpd-131903 https://www.bisnow.com/new-york/news/affordable-housing/rent-stabilized-landlords-article-xi-hpd-131903 Landlords are on the hunt to find ways to reduce expenses on rent-stabilized apartments as costs balloon and a potential rent freeze looms.  An increasingly popular avenue is Article XI, a New York City program that eliminates real estate taxes, one... sasha.jones@bisnow.com Fri, 14 Nov 2025 14:16:47 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/hotel/related-oxford-sell-35-hudson-yards-equinox-hotel-131936 https://www.bisnow.com/new-york/news/hotel/related-oxford-sell-35-hudson-yards-equinox-hotel-131936 The developers of Hudson Yards have sold the only hotel in the $25B megaproject. ethan.rothstein@bisnow.com Mon, 17 Nov 2025 19:19:36 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/office/worldwide-plaza-with-over-1b-in-troubled-debt-to-be-auctioned-off-131894 https://www.bisnow.com/new-york/news/office/worldwide-plaza-with-over-1b-in-troubled-debt-to-be-auctioned-off-131894 A troubled Midtown office tower is scheduled to hit the auction block next year, another reminder that Manhattan's rising tide isn’t lifting all boats. ciara.long@bisnow.com Fri, 14 Nov 2025 11:30:52 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/commercial-real-estate/shvo-german-backers-accused-of-racketeering-in-core-club-dispute-131879 https://www.bisnow.com/new-york/news/commercial-real-estate/shvo-german-backers-accused-of-racketeering-in-core-club-dispute-131879 A partnership between a members-only club and Michael Shvo was intended to elevate the status of his buildings. Instead, it has been the source of a continuously escalating legal battle pitting the clubs against the developer and his investors — a... sasha.jones@bisnow.com Thu, 13 Nov 2025 14:56:03 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/hotel/worlds-tallest-holiday-inn-becomes-worlds-tallest-student-housing-131859 https://www.bisnow.com/new-york/news/hotel/worlds-tallest-holiday-inn-becomes-worlds-tallest-student-housing-131859 The new owner of a 50-story hotel in New York City's Financial District has turned the building into student housing just months after acquiring it. ciara.long@bisnow.com Wed, 12 Nov 2025 16:32:57 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/hotel/sonder-sued-by-moinian-over-chaos-caused-by-collapse-131856 https://www.bisnow.com/new-york/news/hotel/sonder-sued-by-moinian-over-chaos-caused-by-collapse-131856 When hospitality firm Sonder abruptly closed on Monday after Marriott International terminated its licensing deal, guests staying at Sonder properties were told to check out immediately and find alternate accommodations. What followed was nothing... ethan.rothstein@bisnow.com Wed, 12 Nov 2025 12:36:42 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/hotel/pierre-hotel-co-op-residents-sue-over-alleged-2b-sale-131843 https://www.bisnow.com/new-york/news/hotel/pierre-hotel-co-op-residents-sue-over-alleged-2b-sale-131843 Celebrity residents of the storied Pierre Hotel have filed suit against the building’s co-op board, alleging that it is secretly negotiating a sale that would force residents to move out. ciara.long@bisnow.com Tue, 11 Nov 2025 16:32:13 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/deal-sheet/rudin-32-sixth-ave-extension-131822 https://www.bisnow.com/new-york/news/deal-sheet/rudin-32-sixth-ave-extension-131822 Rudin has secured a four-year extension for the $425M CMBS loan secured by the 27-story, 1.2M SF office tower at 32 Sixth Ave. ciara.long@bisnow.com Mon, 10 Nov 2025 18:13:04 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/national/news/capital-markets/pacific-oak-initiates-strategic-review-as-substantial-doubt-over-its-existence-surfaces-131815 https://www.bisnow.com/national/news/capital-markets/pacific-oak-initiates-strategic-review-as-substantial-doubt-over-its-existence-surfaces-131815 An investment fund that owns offices and houses across the country is looking for the exit hatch as Israeli bondholders threaten legal action. sasha.jones@bisnow.com Mon, 10 Nov 2025 14:13:26 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/national/news/construction-development/developers-take-over-park-creation-as-cities-face-budget-cuts-131773 https://www.bisnow.com/national/news/construction-development/developers-take-over-park-creation-as-cities-face-budget-cuts-131773 Parks don’t generate a profit. In fact, they remove land from uses that could. They’re not exclusive amenities to those who live or work in a building. And they require a significant amount of upkeep, making them costly. Even after the pandemic created... sasha.jones@bisnow.com Fri, 07 Nov 2025 08:55:54 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/commercial-real-estate/barry-sternlicht-starwood-thinking-of-leaving-nyc-because-of-mamdani-131778 https://www.bisnow.com/new-york/news/commercial-real-estate/barry-sternlicht-starwood-thinking-of-leaving-nyc-because-of-mamdani-131778 Barry Sternlicht is worried that Zohran Mamdani’s tenure as mayor could push New Yorkers out of the city — starting with his own employees. “We’ll see how this works, but the team in New York is for the first time saying maybe we should leave,”... sasha.jones@bisnow.com Fri, 07 Nov 2025 11:51:43 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/office/robinhood-taking-125k-sf-at-vornados-penn-district-tower-131761 https://www.bisnow.com/new-york/news/office/robinhood-taking-125k-sf-at-vornados-penn-district-tower-131761 The two biggest Midtown Manhattan office leases signed in October were both inked by household names in the same building.  ethan.rothstein@bisnow.com Thu, 06 Nov 2025 14:50:03 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/construction-development/desimone-builders-construction-industry-middle-market-studiob-131426 https://www.bisnow.com/new-york/news/construction-development/desimone-builders-construction-industry-middle-market-studiob-131426 When construction veteran Eric DeSimone decided to strike out on his own this year, he wanted to build a company that would change industry standards for the better. His venture, DeSimone Builders, aims squarely at the middle market, a slice of the industry... marynia.kruk@bisnow.com Fri, 17 Oct 2025 15:03:14 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/economy/give-him-a-chance-nyc-real-estate-leaders-preach-pragmatism-mamdani-era-131739 https://www.bisnow.com/new-york/news/economy/give-him-a-chance-nyc-real-estate-leaders-preach-pragmatism-mamdani-era-131739 After months of threats from business leaders that Zohran Mamdani becoming mayor of New York City would spur an exodus, no flights have been booked and no bags have been packed.  Instead, most real estate executives woke up Wednesday with an air of... sasha.jones@bisnow.com Wed, 05 Nov 2025 18:14:32 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/commercial-real-estate/new-york-bisnow-event-herrick-feinstein-studiob-131342 https://www.bisnow.com/new-york/news/commercial-real-estate/new-york-bisnow-event-herrick-feinstein-studiob-131342 New York City, the epicenter of commercial real estate, is showing signs of recovery after several years of economic downturn. The Big Apple's resiliency in sectors like office and industrial is opening things up for more leasing activity.  Observers... john.knowles@bisnow.com Mon, 13 Oct 2025 12:38:26 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/affordable-housing/new-yorkers-vote-to-fast-track-affordable-housing-production-131718 https://www.bisnow.com/new-york/news/affordable-housing/new-yorkers-vote-to-fast-track-affordable-housing-production-131718 New Yorkers voted in favor of three ballot measures Tuesday that were designed to accelerate the process for approving housing development in a city battling a dire shortage. sasha.jones@bisnow.com Tue, 04 Nov 2025 20:04:07 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/commercial-real-estate/mamdani-wins-nyc-mayoral-election-131716 https://www.bisnow.com/new-york/news/commercial-real-estate/mamdani-wins-nyc-mayoral-election-131716 The global center of capitalism has elected Democratic Socialist Zohran Mamdani as its next mayor. ciara.long@bisnow.com Tue, 04 Nov 2025 20:01:09 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/deal-sheet/asset-manager-buys-247m-notes-on-croman-portfolio-the-ny-deal-sheet-131703 https://www.bisnow.com/new-york/news/deal-sheet/asset-manager-buys-247m-notes-on-croman-portfolio-the-ny-deal-sheet-131703 Debt tied to a 49-building Manhattan portfolio owned by Croman Real Estate has been sold. Flagstar Bank, which is pushing to reduce its exposure to New York City apartment buildings, sold $247M in notes to a shell company managed by Bellwether Asset Management, PincusCo... ciara.long@bisnow.com Tue, 04 Nov 2025 13:53:26 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/new-york/news/office/vornado-ceo-steve-roth-everything-will-work-out-if-mamdani-wins-131704 https://www.bisnow.com/new-york/news/office/vornado-ceo-steve-roth-everything-will-work-out-if-mamdani-wins-131704 As New Yorkers headed to the polls Tuesday, Vornado Realty Trust CEO Steve Roth got on the phone to reassure Wall Street about the favorite to become the city's next mayor. “The election in New York City, with the prospect of a Democrat Socialist... sasha.jones@bisnow.com Tue, 04 Nov 2025 14:09:32 -0500