Talk of settlement at Summit and Pinnacle hearing, but no resolution yet

January 15, 2026 / no comments

The bankruptcy sale of 5,151 apartments from Pinnacle Group to Summit Properties is on the eve of a possible confirmation.  But the sale was unable to close at a Thursday court hearing. The city and tenants had objected to the sale, prompting hours of cross examination and argument before a bankruptcy court judge. Despite conversations about a settlement between the parties, no agreement was reached by the end of the hearing, with an attorney for the city saying that getting approval from the administration would go beyond business hours. By the end of the day, the U.S. bankruptcy court judge, […]

This article originally appeared on The Real Deal. Click here to read the full story.

Eli, Isaac Chetrit face foreclosure on Manhattan building

January 15, 2026 / no comments

Blackstone is looking to foreclose on a Manhattan office building where brothers Eli and Isaac Chetrit allegedly defaulted on a $19 million loan. The lender filed a New York state lawsuit to take 286 Fifth Avenue, a 12‑story, 44,400‑square‑foot property, Crain’s New York Business reported. Blackstone acquired the debt after Signature Bank’s 2023 collapse. The Chetrits are members of the high-profile family of investors that has multiple distressed properties in New York. The outlet was unable to reach them for comment. The brothers have faced similar troubles before. In 2024, debt dealer Maverick Real Estate Partners, which recently bought other […]

This article originally appeared on The Real Deal. Click here to read the full story.

Greek businessman sells former Rockefeller townhouse for $16M

January 15, 2026 / no comments

A townhouse once owned by a fourth-generation Rockefeller has changed hands again.  George Logothetis, the founder and executive chairman of international holding company Libra Group, sold the home at 13 East 94th Street for $15.5 million, according to public records.  Logothetis bought the home for $12.5 million in 2011 from an entity tied to Renee and Mark Rockefeller, the great-grandson of Standard Oil founder John D. Rockefeller.  Sotheby’s International Realty’s Serena Boardman, who represented the previous seller in 2011, had the listing. The home initially hit the market in December 2024, asking $19.5 million before Boardman dropped the price to […]

This article originally appeared on The Real Deal. Click here to read the full story.

Large Occupiers Vie For £1.2B London Office Development

January 15, 2026 / no comments

A new £1.2B City of London development appears to have achieved something that has been absent from the office market for the past few years — competition among big tenants. 
Three large occupiers have earmarked 75 London Wall as their first choice for a new headquarters, Green Street News reported. 
There has been a lack of Grade A office development for the past decade, leaving limited new prime office space for big companies that need to move. 
That means occupiers are looking to secure new premises well before current leases expire.
The 500K SF building at 75 London Wall is being built by a joint venture…