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

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

Law firms now account for 17.1% of Manhattan office leasing in 2026, up from 11% in 2025. Simpson Thacher's 916,000-SF deal leads a historic wave of legal sector expansion. Discover what this means for NYC real estate investors.