It’s getting easier to keep track of the buildings in the Financial District that aren’t getting converted from offices to residences versus the ones that are. Broad Street Development and Invesco are the latest to join the fray, filing plans for a 326-unit conversion at 80 Broad Street, Crain’s reported. The 423,000-square-foot office building would be condensed into 336,000 square feet thanks to design work by Rawlings Architects. Features of the conversion would include a basement fitness studio, a restaurant and a doctor’s office on the first floor, as well as co-working space, bike storage and a pool on the […]

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Silver has risen roughly 60 percent this month alone. What is going on?

Inflation is elevated but steady and the job market is holding up, leading economists to predict that the Federal Reserve will keep interest rates at current levels.

A dispute between an investor and a special servicer continues to play out in court.  Investor 400 Capital sued Rialto Capital Advisors late last year, accusing the special servicer of improperly keeping a loan in special servicing. Now, Rialto has changed track, but 400 Capital says it doesn’t go far enough. It’s a rare look into a fight between a commercial-backed mortgage securities investor and the nation’s largest special servicer by volume. As of June, Rialto was the named special servicer on more than 5,000 loans with a total unpaid principal of more than $94 billion, according to Morningstar. At […]

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New accommodations around the world allow you to soak up urban culture and immerse yourself in hotel creature comforts.

Succession drama, legal intrigue and political independence: These are top issues that DealBook would ask of the Federal Reserve chairman.

The company is part of a newer generation of software upstarts holding multiple tender offers where workers can sell stock before going public.

The coffee chain’s stock jumped after a better-than-expected earnings report.

“News” is something important that happens. It can also be something that doesn’t. If Mayor Zohran Mamdani does not attempt to get the City Council to override Eric Adams’ veto of the Community Opportunity to Purchase Act, that would be news. I say this because Mamdani has been a big proponent of COPA and its equivalent bill in Albany, TOPA (Tenant Opportunity to Purchase Act). The bills, heavily opposed by the real estate industry, would stall sales of multifamily buildings for months to give tenants and nonprofits a better chance to buy them. At this writing, Mamdani is just a […]

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There were 180 transactions totaling $1.2 billion filed in New York City records in the 24 hours before 4 p.m. on Tuesday, Jan. 27. 🏆 Residential: The most expensive home sale recorded in New York was for a sponsor unit at the Reuben Brothers’ 20 East 76th Street on the Upper East Side, known as The Surrey Residences. The nearly 5,000-square-foot pad sold to Uptown Fun, LLC for $24.3 million, the unit’s asking price. It has three bedrooms, four and a half baths and a terrace. Douglas Elliman’s Lauren Muss and Michelle Griffith had the listing. 🏆 Commercial: Soho was […]

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