CIM Group crashes up against another construction lawsuit

January 22, 2026 / no comments

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 […]

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

AI giant seeks more office space in Manhattan

January 22, 2026 / no comments

Artificial intelligence companies were one of the pacers of Manhattan’s office leasing recovery last year. They’re active again to start the year and giant Anthropic plans to join the fun. The startup behind the Claude chatbot is looking for between 250,000 and 450,000 square feet for offices in Manhattan, Bloomberg reported. Even at the low end of the range, a lease of that size would represent a significant expansion from the 10,000 to 20,000 square feet it occupies at 155 Sixth Avenue, according to CompStak; that lease is expiring this year. Anthropic declined to comment to the publication. The company […]

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

Charles Cohen’s 750 Lex auctioned off, returns to lender

January 22, 2026 / no comments

750 Lexington Avenue has officially left the Cohen Brothers orbit.  The troubled office tower hit the auction block on Wednesday in Lower Manhattan, but failed to garner any bids. The upset price, or minimum bid, was set at $161,854,848.66, but the property returned to the lender.  The auction did garner questions from one potential bidder, who brought legal counsel, about whether the plaintiff would consider lowering the minimum bid. But that would-be buyer declined to identify himself.  The auction marks not only a change in ownership for the office building, but a new low point for billionaire Charles Cohen, who […]

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