Idan Ofer, Nathan Berman nab 101 Greenwich loan

January 23, 2026 / no comments

Idan Ofer and Nathan Berman wasted little time securing the financing for one of Manhattan’s next major conversions. Quantum Pacific and Metro Loft Management nabbed $220 million in construction and redevelopment debt from Apollo for the project at 101 Greenwich Street in the Financial District, the Commercial Observer reported. The floating-rate debt was arranged by Newmark’s Jordan Roeschlaub, Chris Kramer and Holden Witkoff. The financing news comes only weeks after filings shed light on the partners’ plans for the property. Late last month, Ofer — an Israeli billionaire — and Berman filed plans for a 614-unit office-to-residential conversion.  They acquired […]

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

Vornado’s Pier 94 studio lands first tenant

January 23, 2026 / no comments

Paramount’s hostile effort to acquire Warner Brothers remains up in the air, but the media company is taking over something slightly less expensive: Manhattan studio space. Paramount Television Studios signed a lease for 70,000 square feet at Vornado Realty Trust’s Sunset Pier 94 Studios, the Commercial Observer reported. Vornado developed the borough’s sole purpose-built film studio alongside joint venture partners Hudson Pacific Properties and Hudson Pacific Properties. The lease encompasses about a third of the facility, which includes 232,000 leaseable square feet, six soundstages, support space and offices. Paramount intends to use the space to film the second season of […]

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

German lender spars with Blackstone over $17M water damage at Seattle office building

January 23, 2026 / no comments

A Blackstone-owned Seattle office tower could be underwater — literally.  Frankfurt-based Dekabank alleges in a lawsuit that Blackstone Property Partners’ fund failed to repair and maintain the 23-story Exchange Building in Downtown Seattle, allowing “persistent water intrusions” through the property windows, requiring a full repair of the building facade. Dekabank, the lender on the property, alleges Blackstone’s inaction has been “disastrous” and led to at least $17 million in repairs.  The German lender further alleges Blackstone was more concerned with the bottom line than the state of the property. Blackstone put off maintenance that would have prevented the water damage, […]

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

At REBNY gala, Mamdani skips while Hochul pledges to continue as industry ally 

January 23, 2026 / no comments

Will he or won’t he? That was the question leading up to the Real Estate Board of New York’s annual gala on Thursday.  The trade group invited Mayor Zohran Mamdani to the event, but the new mayor didn’t show. This wasn’t terribly surprising, given that last year the mayor — then an Assembly member — protested outside the gala, and indicated this week that he had no plans to attend this year’s party at the Waldorf Astoria New York.  Then again, mayors have turned up or canceled at the last minute in previous years, left before the dinner to meet […]

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