The owners of 745 Fifth Avenue are waving the white flag on a residential conversion and recommitting to offices, a pivot that underscores how far Manhattan’s top-tier office market has clawed back. Rithm Capital and the von Finck family abandoned plans to turn the Plaza District tower into apartments last year, according to a recent Fitch Ratings report detailed by Crain’s. Instead, the partners are moving forward with a $275 million refinancing that includes nearly $40 million of fresh equity and another $25 million earmarked for future leasing costs, capital improvements and other expenses. The prewar, 470,000-square-foot building was about […]

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Commercial real estate AI company Cambio announced its public launch and $18M in Series A funding. 
San Francisco-based Cambio uses agentic artificial intelligence, or AI that can perform tasks toward a certain goal with limited supervision, to take in building data and then use that information to evaluate performance, note retrofit opportunities and generate capital strategies.

Money flooded back into the office market last year, but it wasn’t spread evenly among building classes, according to a new report
Lenders outlaid nearly $46B in loans in 2025, a 92% increase from the year prior, according to a study by Avison Young. But 70% of new loan originations were for trophy office assets. 
Lenders also preferred top gateway markets, with office loan originations jumping nearly 560% in Silicon Valley to $883M, more than 300% in Manhattan to $23.5B and 127% in Orange County, California, to $847M, the study shows.
At the same time, lenders pared back on office loans in Phoenix, Los Angeles…

To conduct its much-maligned crackdown, Immigration and Customs Enforcement needs real estate. One pursuit in the Hudson Valley is being met by swift resistance. ICE is attempting to buy a warehouse at 29 Elizabeth Drive in Chester, Bloomberg reported. The owner of the warehouse is an affiliate of billionaire investor Carl Icahn, who didn’t comment to the local press, other than to say he became aware of the situation through a local newspaper. Last trading hands at the end of 2021, the warehouse is 60 miles from Manhattan and 15 miles from the airport, relevant when considering ICE’s typical operations […]

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L+M Development Partners and SMJ Development are looking to build one of Brooklyn’s largest mixed-use projects in recent years, potentially bringing more than 2,000 apartments to Bedford-Stuyvesant.

The lawsuit, citing “political discrimination,” said the banking giant told President Trump shortly after the Jan. 6 attack on the Capitol that it would close his accounts.

Ice, sleet and possibly significant snowfall are threatening to snarl air travel in much of the eastern U.S. starting on Friday. Here’s what to know.

Andrew Ross Sorkin, editor at large of DealBook, describes how leaders at the World Economic Forum in Davos remain on edge after President Trump, for now, backed down from threats of using tariffs or military force to gain Greenland.

The last quarter of 2025 came with price haircuts across much of the U.S. real estate landscape. Urban offices were hit particularly hard.

The CIM Group’s alleged construction issues are following the firm to a building it didn’t even develop. The condo board of the Astor at 235 West 75th Street is set to sue the Los Angeles-based firm for at least $10 million and demand repairs, Crain’s reported. The filing was a two-page summons, rather than a full lawsuit, leaving many details up in the air. The board of the prewar luxury building in the Upper West Side claims there are construction and operational issues at the property. There were a handful of lawsuits filed by owners at the building before CIM […]

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