Latest Updates Around The World
Summit Properties was confirmed on Friday as the buyer of more than 5,100 apartments from Pinnacle Group. Summit will pay $451.3 million for the largely rent-stabilized portfolio. The hearing marks the end of a weeks-long battle, with Joel Weiner’s Pinnacle and Summit on one side and Mayor Zohran Mamdani’s government and tenants on the other. […]
To start the year, Marc Holliday’s SL Green finds itself in two very different realities in the Manhattan office market. The contrast is hard to miss. On one side is 100 Park Avenue, where the real estate investment trust appears to be firmly in control. The sale of a minority stake in the building to […]
On Sunday the leader of New York City drew the plug from his re -election campaign. After months of speculation – and years of scandals – Eric Adams officially dropped his offer to come back as mayor of New York City. While Adams opposed pressure to leave the race, his departure felt inevitable when he […]
The week in real estate in New York started with a shock when Compass came in to acquire real estate everywhere, parent company of Corcoran, Sotheby’s International Realty, Coldwell Banker, Century 21 and other major brands. The all-stock values ​​everywhere at $ 1.6 billion and gives compass shareholders 78 percent owned by the combined entity. […]
