Brookfield is reaching into its own pocket to refinance a piece of lower Manhattan’s crown jewels. The Canadian investment manager is nearing an $800 million CMBS loan for 225 Liberty Street, a 44-story, 2.4 million-square-foot office tower that’s part of Brookfield Place, Bisnow reported. Brookfield is contributing roughly $173 million of fresh equity to help refinance a $900 million CMBS loan that dates back to 2016 and comes due this week. The financing, originated by Citi Real Estate Funding, JPMorgan Chase, Bank of Nova Scotia and Wells Fargo, carries a fixed rate of just under 5.9 percent on a five-year […]

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Manhattan office landlords fearful of losing JPMorgan Chase leases to its debuting headquarters at 270 Park Avenue need not yet worry. The bank expanded its presence at Brookfield’s 5 Manhattan West by 139,000 square feet in the fourth quarter, according to the Commercial Observer. The expansion, disclosed in a Colliers office report, brings JPMorgan’s footprint at the Midtown West building to 565,000 square feet. Further details of the deal, including the length of the expansion and the asking rent, were not reported. But the average asking rent in Midtown in the fourth quarter was $84.24 per square foot, according to […]

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Brad Karp’s resignation as chairman of the law firm Paul Weiss underscores a further reflection in the corporate world over the latest revelations.

Elected officials should honor the wishes of tenants who vote for them, right? Not necessarily. In upstate New York, the newly Democratic-controlled City Council just announced it will implement good cause eviction. “Clearly, this is something that the voters wanted,” Council President Sue Steele told the Times Union. “They made it very clear in the outcome of the last election.” One thing I’ve learned from years of covering politics is that no one knows exactly why people vote the way they do. The reasons vary tremendously from one voter to the next. Rarely do they come down to one issue […]

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Sen. Brian Kavanagh will not seek reelection, leaving his seat and his role as housing chair up for grabs.  Kavanagh, who announced this week that he will leave office after his term ends this year, has been chair of the Senate Committee on Housing, Construction and Community Development since January 2019, which proved to be a pivotal year for the real estate industry. Buoyed by the Senate’s newly-gained majority that year, the legislature approved the Housing Stability and Tenant Protection Act of 2019. The legislature also passed good cause eviction, created a state-based housing voucher program and approved a replacement […]

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There were 196 transactions totaling $266 million filed in New York City records in the 24 hours before 4 p.m. on Wednesday, Feb. 4, 2026. 🏆 Commercial: The priciest transaction to hit records was in Queens, where MEM Realty LLC, linked to Manuel Mejia, acquired two commercial units at 83-17 Broadway, a four-story, mixed-use building, in Elmhurst for a combined $5.8 million. The seller was Broadway FMFM LLC, tied to George Mantikas, which had previously purchased the properties for $6.4 million in 2014. Each unit spans 8,400 square feet. 🏆 Residential: The top home sale recorded was for a residential […]

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WK Kellogg is promoting Raisin Bran with William Shatner during the big game as cereal sales decline. It’s also tapping the latest health and wellness trend.

Pandora, known for its charm bracelets, is trying to reduce its exposure to the volatility in silver prices, the latest setback for a company also facing wary consumers and steep tariffs.

Martin Weil, one of hundreds being laid off at The Post, has worked on local news there since 1965, witnessing the paper’s rise and now retrenchment.

Greater Boston remains one of the most attractive markets for multifamily investment despite growing supply and slowing rent growth, but investors say they are prepared to put the brakes on new investment should a rent control ballot measure be enacted in November.
Marcus & Millichap anticipates a stable 2026 for multifamily investment, despite a sizable supply of multifamily housing set to deliver in the near term. Those deliveries will be offset by continued red-hot demand for housing and an anticipated falloff of new construction projects, Managing Director Thomas Shihadeh said.
That is, if market conditions persist.
New rent control measures could reset the multifamily picture in…