The largest US real estate market, where office-to-residential conversions, a record affordable-housing push, and the debt maturity wall are reshaping the five boroughs.
Vornado, Citadel and Rudin lined up a $3.3B construction loan for 350 Park Avenue, showing office capital is open only for fully pre-leased trophy towers.
The winning bid on a state-owned Hell's Kitchen parking lot is a template for what clears a New York RFP in 2026.
The former Pfizer HQ was deemed stable, but the near-miss puts a price on the diligence conversions of aging stock now demand.
Mega-fabs are the anchor tenants of the nearshoring build-out, and each one drags a decade of development demand into its region.
A Milstein family holding of 50 years trades, and the buyer is already prepping the wrecking ball.
Office-to-resi gets the headlines, but the sharper conversion math is often in oddball assets.
A marquee vote of confidence in Manhattan's West Side office, at a moment when most capital still avoids the sector.
In a distress-and-rates cycle, a gateway-metro high-rise still pencils for well-capitalized partners betting on durable rent demand.
The 209-unit pair on the Upper West Side, more than half backed by Section 8 vouchers, traded at about $359,000 a unit.
The gating factor for data centers was always power. Now it is politics, and New York just moved first.
The state's largest financing tranche this year advances Hochul's $25B, 100,000-home housing plan.
The Delivery Protection Act has chilled construction even while parked in committee, landlords say.
Record rents and a permit surge are telling developers the same thing: New York is short of housing.
The company deepens its New York footprint even as it fights the city's short-term-rental crackdown.
