Forest Hills senior housing project scores $150M in public and private financing

September 17, 2025 / no comments

Building New York City real estate is never easy. But some projects are more difficult than others.  After years of hurdles, a 144-unit affordable and senior housing project in Forest Hills, Queens, has secured financing and is set to break ground. TD Bank loaned $37.5 million for construction, while Community Preservation Corp is providing a $40 million long-term loan. On the public side, the city is providing $71 million from a program for senior housing. “As an affordable housing developer, I’ve never seen anything as difficult as this,” said Jeff Fox, of Foxy Development, which is co-developing the project. “Nothing […]

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

NYC’s top deals: Healthcare exec, producer part with UES co-op for $18M

September 17, 2025 / no comments

There were 193 transactions totaling $262 million recorded in New York City over the 24 hours before 4:00 p.m. on Tuesday, Sept. 16. 🏆 Residential: A deal for a full-floor co-op in Carnegie Hill was the top residential deal in the Big Apple, coming in at $18 million. The sellers of the unit at 1125 Fifth Avenue were Steven and Debra Wisch, and the buyer was a trust. Steven Wisch is the co-founder and executive chairman of healthcare company Network Eye, and Debra Wisch is a documentary film producer. The four-bedroom pad spans 4,600 square feet; the deal pencils out […]

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

Lab Leasing Sags As Demand Sputters, Recovery Could Take Years

September 17, 2025 / no comments

Lab leasing activity hasn’t capitalized on the momentum seen at the end of 2024, with major markets posting vacancy rates well above the norm and deal counts sliding sharply. 
The leases that have been signed tend to be renewals at shorter terms than landlords might like. And when taken together with a yawning glut of supply — a common topic at Bisnow’s International Life Sciences & Biotech Conference, held earlier this month in San Diego — a picture emerges of a market that might not rebound for years.
“Even average performance isn’t good enough to dig ourselves out of the supply hole…

Pennsylvania Data Center Development Boom Pits State Leaders Against Municipalities

September 17, 2025 / no comments

As Big Tech companies pour hundreds of billions into data centers to support artificial intelligence, new battle lines are forming in one of the states being targeted most for this development: Pennsylvania. 
President Donald Trump in July joined state leaders and industry executives in Pittsburgh to tout $36B in data center investments and another $56M for related energy projects in the state. 
“You’re going to see some real action here. So get ready,” the president said at the time.