Ciara Long

3 days ago | bisnow.com | Ciara Long

Tishman Speyer has completed its first office acquisition in its hometown since before the pandemic. The New York City office giant, which owns Rockefeller Center and The Spiral, spent $105.5M on a fully leased, 12-story office building in Lower Manhattan. 148 Lafayette St., a fully-leased office in Lower Manhattan, which became Tishman Speyer's first NYC office acquisition in more than half a decade this week.

4 days ago | bisnow.com | Ciara Long

There is new management overseeing the first ground-up office development in Brooklyn in 40 years, and it announced its arrival with a major lease. 25 Kent in Williamsburg, which was the first ground-up office development in Brooklyn in four decades. Israeli billionaire Eyal Ofer’s Global Holdings Group is now the primary manager at 25 Kent, the 500K SF, eight-story office building developed by Heritage Equity Partners and Rubenstein Partners, according to a release.

4 days ago | bisnow.com | Ciara Long

It's been a decade since Time Equities bought a building in its hometown. That changed last week when the privately held real estate firm, which has 43M SF of assets under management worth roughly $6B and owns property in 37 U.S. states and seven countries, bought an apartment building in Brooklyn. “It’s a natural place for us to do business, if we can find an economic way to do it,” Time Equities Chairman and CEO Francis Greenburger said.

1 week ago | bisnow.com | Ciara Long

Just four years after launching with three houses to rent out to travelers, luxury short-term rental startup Wander has closed on a $50M venture capital investment from some of the biggest names in real estate. The funding round was co-led by Fifth Wall and QED Investors with participation from Starwood Capital Group, Breyer Capital, Redpoint Ventures and Uncork. It more than doubled Wander's $20M Series A round it raised in 2022.

1 week ago | bisnow.com | Ciara Long

The American Dream megamall across the Hudson River from New York City is worth just half of what it cost to build, according to a new property assessment. The $5B American Dream mall in East Rutherford, New Jersey. The 3.5M SF mall and entertainment complex in the Meadowlands, which features a ski slope, water park and amusement park, was valued at $2.5B this month by the Borough of East Rutherford, Bloomberg reported. Its assessed value in 2024 was $3.3B.