NYC real estate financing conditions are improving, while the range of active buyers is expanding, according to CBRE’s New York City 2026 Midyear Market Outlook. CBRE reports that New York’s active buyer pool now includes high-net-worth investors, private equity firms, real estate investment trusts and institutional capital, representing the broadest market participation seen in several years. Private capital and local operators remain active, but institutional participation

60 Guilders and Sentry Realty have acquired 1441 Broadway, a Midtown Manhattan office property also known as 10 Times Square, for approximately $240 million. According to Commercial Observer, the estate of L.H. Charney sold the property, while Newmark arranged both the sale and the acquisition financing. Fortress provided the buyers with a floating-rate acquisition loan equal to approximately 70% of total project cost. This means the transaction combines acquisition debt with

Slate Property Group and RiseBoro Community Partnership have closed on acquisition and construction financing for two affordable and supportive housing developments in Williamsburg, Brooklyn. According to Commercial Observer, the development team secured a $162.9 million loan to build the projects at 178 Montrose Avenue and 73 Meserole Street. JPMorgan Chase originated the financing, which was arranged by the New York City Housing Development Corporation. The broader financin

Manhattan’s retail market continued to recover during the first half of 2026, with leasing demand expanding beyond the borough’s best-known shopping corridors. According to the Real Estate Board of New York’s H1 2026 Manhattan Retail Report, average asking rents increased in 8 of the 16 retail corridors tracked, while the number of available storefronts continued to decline in many of the most competitive locations. Demand remains especially strong in SoHo, Madison Avenue, Lo

Demolition has been completed at 23-10 43rd Avenue in Long Island City, clearing the site for the future PS508Q public school building. According to New York YIMBY, the former five-story office building has been removed, although excavation for the new school has not yet begun. The approximately 0.49-acre site is located between 23rd and 24th streets within the Special Long Island City Mixed-Use District. Designed by ESKW/Architects for the New York City School Construction A

A joint venture of PGIM Real Estate, Tribeca Investment Group and Meadow Partners has secured a $228.9 million refinancing loan for 295 Fifth Avenue, a renovated office building in Manhattan’s Midtown South neighborhood. According to Commercial Observer, Rialto Capital Management and Hines provided the new floating-rate, interest-only bridge loan. The financing was arranged by Walker & Dunlop. Also known as the Textile Building, 295 Fifth Avenue is a 19-story office property

Event venue operator Glasshouses has signed a long-term lease for approximately 70,000 square feet at 3 World Trade Center, where it plans to establish its new flagship Lower Manhattan location, Glasshouse Downtown. The venue will be located at 175 Greenwich Street within the Westfield World Trade Center complex. It will occupy two full floors at the base of the tower and is being designed to accommodate nearly 1,500 guests. Glasshouse Downtown is expected to host corporate m

NYC investment sales reached $17.38 billion during the first half of 2026, according to preliminary data from Ariel Property Advisors’ H1 2026 All Asset Investment Sales Report. The market recorded 1,224 transactions involving 1,651 properties. Compared with the first half of 2025, total dollar volume increased 37 percent, transaction volume rose 5 percent and property volume increased 8 percent. This marked New York City’s strongest first-half investment sales performance si

Apex Building Group and L+M Development Partners have secured more than $217 million in financing for the third phase of Alafia, a large-scale affordable housing community in the Spring Creek section of East New York, Brooklyn. Developed in partnership with RiseBoro Community Partnership and Services for the UnderServed, Alafia Phase III will include two residential buildings with a combined 273 affordable apartments. The phase is expected to be completed in 2029. According t