Brookfield is reportedly in exclusive talks to acquire a stake in Hudson Square Properties, a 13-building office portfolio located in and around Manhattan’s Hudson Square neighborhood. According to Commercial Observer, the proposed transaction would give Brookfield a 10 percent ownership interest in the portfolio, which is being valued at approximately $3.5 billion. Brookfield would also become the joint venture’s long-term operating partner if the deal is completed. Hines, w

Manhattan’s office market recorded its strongest first half of leasing demand in more than two decades, according to the latest Colliers Q2 2026 Manhattan Office Market Report. Office leasing volume reached 11.02 million square feet in the second quarter, exceeding the five-year quarterly average by 29.4% and the ten-year average by 31.3%. Total leasing activity during the first half of 2026 reached 22.80 million square feet, representing a 10.5% increase from the same period

Governor Kathy Hochul joined city, state, labor, and business leaders on July 9 to celebrate the official groundbreaking of the new American Express global headquarters at 2 World Trade Center. The project will be developed by Silverstein Properties on land owned by the Port Authority of New York and New Jersey under a long-term ground lease. Designed by Foster + Partners, the tower will complete the commercial office component of the 16-acre World Trade Center campus. The he

Whitestone Lanes in Flushing, Queens, is expected to be redeveloped into multifamily housing following a $45 million transaction. The $45 million sale of Whitestone Lanes in Flushing, Queens, marks a significant redevelopment move for one of the neighborhood’s long-standing commercial sites. The 48-lane bowling alley, located at 30-05 Whitestone Expressway, has been operated by a multigenerational ownership group and is now being positioned for a major residential redevelopme

EB-5 investors often receive polished project presentations, attractive renderings, and clear immigration timelines. These materials are useful, but they should not be the end of project review. A serious EB-5 decision should go beyond the pitch deck. Before subscribing to a regional center project, investors should understand the project’s structure, job creation strategy, capital position, regional center support, and exit logic. A strong project should not only appear elig

Demolition has begun at 350 Park Avenue, the site of a 1,414-foot supertall office skyscraper in Midtown East, Manhattan. Designed by Foster + Partners and developed by Vornado Realty Trust, Rudin, and Ken Griffin, the 64-story structure will yield 1.8 million square feet of Class A office space with a capacity of 6,000 employees. Griffin's companies Citadel and Citadel Securities will serve as the anchor tenants, occupying at least 850,000 square feet. The 53,000-square-foot

EMP Capital Group is forging ahead with its plan to bring new residential buildings to Astoria, Queens. The real estate investment and development company has filed two new plans with the New York City Department of Buildings calling for the construction of a 99-unit building at 35-13 Steinway Street and a 77-unit residential property next door at 35-08 41st Street. Elichai Pariente, founder of EMP Capital, and registered architect Ralph Kowalczyk of Issac & Stern Architects

Banks trying to reenter the commercial real estate lending game have found themselves in a Catch-22. Regulatory scrutiny and balance sheet issues effectively barred financial institutions from the market starting in 2023. Instead of disappearing completely, they lowered their exposure by lending to their new counterparts. "We've backlevered ourselves essentially by financing some debt funds and causing that margin compression," KeyBank Real Estate Capital Regional Executive A

The residential development market in New York City continues to thrive, driven by robust tenant demand and supportive zoning policies. Recently, prominent Brooklyn-based developer Avery Hall Investments officially filed plans with the New York City Department of Buildings (NYC DOB) to construct a new 18-story mixed-use residential tower in the heart of Brooklyn’s Crown Heights neighborhood. Located at 1550 Bedford Avenue, at the prominent intersection of Eastern Parkway and