The 10 largest Manhattan loans recorded in February totaled $1.7 billion, a third less than January’s total. During this relatively slow month, Gary Barnett’s Extell Development closed on two loans in the top five, including the…
WeWork has named Kimberly Ross as its new chief financial officer, the company announced on Monday. Ross, most recently vice president and CFO at Baker Hughes, will start at WeWork on March 16. She previously held…
SoftBank executive Rajeev Misra identified two high-ranking colleagues as obstacles in his pursuit of power to lead the company’s $100 billion tech fund after he joined the company in 2015. And so, the former Wall Street…
Midtown accounted for nearly half of Manhattan’s office leasing volume in the first month of the new decade while activity slowed in Midtown South and Downtown. A total of 3.56 million square feet in Manhattan office…
New York Community Bank has a message for the industry: Lending on rent-regulated buildings is still its bread and butter. Officials from New York Community Bank on its fourth quarter earnings call this morning fired back…
The landlord of the Fairway Market in Red Hook vowed to “immediately” look to replace the supermarket with another grocery store if the bankrupt company shuts it down as expected in the next few months. Gregory…
Hotel management startup Life House raised $30 million to invest in technology as it seeks to expand into properties across the country. Its tech is now in hotels in the Miami area and Denver. The Series…
A Brooklyn landlord who served 20 days in jail after pleading guilty to mortgage fraud has successfully had his conviction overturned. Daniel Melamed won his case by convincing a panel of New York state appellate judges…
A mixed-use property in Chinatown will be auctioned off at the end of January after its owner failed to attract new office tenants to the bankrupt building. The roughly 46,000-square-foot building, at 55-59 Chrystie Street, has…
One of the biggest rent-stabilized portfolios in New York City is facing a financial reckoning. Multiple sources with direct knowledge of the matter say the Dawnay Day portfolio has a large amount of debt and its…