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NYC’s Population Continues to Decline

NYC’s Population Continues to Decline

by Phil Hall | Mar 14, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The Big Apple is getting smaller, based on new estimates from the U.S. Census Bureau. New York City’s population lost nearly 78,000 residents in 2023, according to a report in the New York Times. The year before, more than 126,000 residents moved out. Between April...
Historic NYC Church Selling Air Rights to Ken Griffin

Historic NYC Church Selling Air Rights to Ken Griffin

by Phil Hall | Mar 11, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A historic church in Midtown Manhattan has agreed to sell at least 150,000 square feet of its air rights to a partnership led by hedge fund executive Ken Griffin. St. Bartholomew’s Church at 325 Park Ave. has entered into the transaction with Griffin, Rudin Management...
Former Silverstein Properties CEO Marty Burger Launches Infinity Global Real Estate Partners

Former Silverstein Properties CEO Marty Burger Launches Infinity Global Real Estate Partners

by Phil Hall | Feb 28, 2024 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

One of New York City’s most prominent real estate executives has launched a new company focused on development, acquisitions, financing and fund management across the United States. Marty Burger, the former CEO of Silverstein Properties, has announced the opening of...
Guest Opinion: How to Fix New York City’s Housing Crisis

Guest Opinion: How to Fix New York City’s Housing Crisis

by John Ketcham | Feb 22, 2024 | Current News & Events, Guest Opinion, Real Estate News, U.S. Housing Market, WRE News Exclusive

John Ketcham is a fellow and director of cities at the Manhattan Institute for Policy Research. This article is adapted from written testimony submitted today before the U.S. House of Representatives’ Subcommittee on Housing and Insurance hearing “Restoring Prosperity...
Refinancing Secured for Landmark NYC Building

Refinancing Secured for Landmark NYC Building

by Phil Hall | Feb 15, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Capital Markets Group at JLL (NYSE:JLL) has secured the $395 million refinancing of 70 Pine St., a landmarked 66-story property in the heart of New York City’s Financial District. The property was built in 1932 as the offices of Cities Service Company (later known...
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