9 West sets new record for Manhattan office rent
New York’s office market has a new high-water mark — the latest sign of the growing divide between struggling, outdated buildings and Manhattan’s high-demand towers. Stefan Soloviev’s Soloviev Group signed a lease at 9 West 57th Street at $327.50 per square foot. That surpasses the previous record
Summit closes deal for Pinnacle portfolio, concluding fight with Mamdani
A contentious multifamily deal has closed, ending a bankruptcy saga. Summit Properties has closed on a portfolio of more than 5,100 mostly rent-stabilized New York apartments that were put into bankruptcy by Joel Wiener’s Pinnacle Group. Summit paid $451 million for the portfolio, in a deal that cl
TRD PolicyPro: City Council to form co-op and condo caucus
This story gives you a peek at the content coming to our new platform, TRD Policy Pro. Sign up to get early access here. Hey there, let’s get into today’s news at the intersection of policy and real estate: In this edition we mention: City Council members Kevin Riley and Julie Won, the Citizens Budg
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