The Wealthy Keep Moving To NYC Despite Mamdani Threats

December 4, 2025 / no comments

Among theories of a looming exodus, New York’s condo brokers say they’re just as busy as ever with ultra-wealthy clients who want to live and work in the city that just elected a democratic socialist as mayor. 
“People thought people were moving out of New York and not coming back. It’s actually the opposite,” Charney Cos. Chief Data Officer and Brokerage President Andrew Steiker-Epstein said Wednesday at Bisnow’s New York Condos Conference. “You’re seeing people planting roots here, particularly in the luxury market.”

Morgan Stanley Buys Denver-Area Senior Living Facilities For $305M

December 4, 2025 / no comments

Morgan Stanley expanded its senior housing portfolio with the purchase of three MorningStar Senior Living facilities around Denver for $305M. 
Kayne Anderson Real Estate sold the properties, and MorningStar will continue to operate them, according to a press release announcing the sale. 
The Denver Business Journal reported that the sale included MorningStar’s RidgeGate location, which sold for $105.8M. The community was built in 2015 and consists of 224 units on 5 acres in Lone Tree. Residences range from independent living to assisted living and memory care.
MorningStar, a Denver-based company, has 14 Colorado locations. 
Will Milam, head of U.S. investments at Morgan Stanley Real Estate Investing, said…

REPORT: Morgan Stanley Weighs Hedging A Data Center Bet

December 4, 2025 / no comments

Morgan Stanley has had early-stage talks with potential investors who could help it mitigate risk related to a portfolio of loans to data center-focused businesses, Bloomberg reported, citing an anonymous source. 
The bank discussed using a so-called significant risk transfer, a type of securitization that transfers the credit risk of a portfolio or collection of assets to third-party investors, who are paid fees by the bank to take on that risk. 
Morgan Stanley is looking into other ways to manage its credit risk on this portfolio and may ultimately not use the risk transfer, sources told Bloomberg. 
The New York-based bank has been involved in financing…