Elizabeth Cryan

Contributor at The Real Deal

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Articles

Feil Finally Kicking Off Billionaires’ Row Office-To-Resi Conversion

1 week ago | therealdeal.com | Elizabeth Cryan

The Feil Organization is plowing ahead with a long-planned luxury office-to-resi conversion on Billionaires’ Row. Feil and its joint venture partners BLDG and the Nakash Family are starting construction this Spring on the conversion of the 14-story, 85,000-square-foot office building at 140 West 57th Street into 47 luxury condos, the developer announced. Deutsche Bank provided a $65 million construction loan for the project.
Upstate waterfront megadevelopment Edge-on-Hudson lands $238M refi

1 week ago | therealdeal.com | Elizabeth Cryan

The developers of a sprawling waterfront development in Sleepy Hollow landed a $237.5 million refi. Hudson Bay Capital provided the loan to Biddle Real Estate Ventures, King Street Capital and PCD Development for the 70-acre mixed-use development Edge-on-Hudson and a luxury 100-unit condo building within the development, according to a press release. The fresh financing replaces a construction loan from Centennial Bank and Lionheart and will be used for additional development at the site.
Hardball lender Maverick lands construction loan for project

1 week ago | therealdeal.com | Elizabeth Cryan

Maverick Real Estate Partners has landed a construction loan for a partly finished hotel project near Penn Station. Related Companies provided the $107 million loan for the project at 255 West 34th Street, which Maverick seized from Chetrit Group in 2023. It’s an unusual move for Maverick, which is typically a buyer of distressed debt, not a borrower. Maverick managing partner David Aviram, who signed for the loan, declined to comment.
Soloviev Lands Three New Office Leases At 9 West 57th

2 weeks ago | therealdeal.com | Elizabeth Cryan

The Soloviev Group has landed three long-term leases at its trophy office tower at 9 West 57th Street. Energy company Hess Corporation signed the largest lease — 19,500 square feet on the 46th floor of the 50-story skyscraper – for its family office. Investment firm Platinum Equity Advisors grabbed 16,000 square feet on the same floor, and hedge fund Beaconlight Capital leased 5,300 square feet on the newly completed amenity floor.
Tenants put retail, office leasing on ice amid tariff uncertainty

2 weeks ago | therealdeal.com | Elizabeth Cryan

Shlomi Bagdadi was in the middle of negotiating a large retail lease for a global brand in New York City when President Trump announced expansive new tariffs last week. The client suddenly put the deal on ice, citing concerns about the cost of a large buildout. “They were worried about what’s going to be the construction bill,” said Tri State Commercial Realty’s Bagdadi.
Tishman Speyer Leasing Veteran Jumps to Newmark

2 weeks ago | therealdeal.com | Elizabeth Cryan

Newmark is beefing up its office leasing business by bringing on a longtime Tishman Speyer broker. Greg Conen joined Newmark to help grow the firm’s new construction leasing business in Manhattan. He will work alongside top dealmakers Howard Hersch, Steven Rotter and Scott Klau, according to a press release from the brokerage. Conen’s addition comes as Manhattan office leasing is making a comeback, especially at the top end of the market.
BXP’s 200 Fifth Avenue Lands Law Firm Tenant

3 weeks ago | therealdeal.com | Elizabeth Cryan

BXP has a new tenant at 200 Fifth Avenue. Law firm Goodwin Procter inked a 250,000-square-foot 20-year lease at the Flatiron District building. The firm will occupy the full floors two through five, with options to expand its footprint, according to a press release from the landlord. BXP declined to disclose the asking rent. Cushman & Wakefield’s Mark Weiss represented Goodwin. A Cushman team including Bruce Mosler and Ethan Silverstein represented BXP.
Manhattan Office Logs Strongest Quarter Since 2019

3 weeks ago | therealdeal.com | Elizabeth Cryan

After finishing last year on a high note, the Manhattan office market came out the gate even hotter in 2025. Office leasing volume reached 12.2 million square feet in the first quarter, the most since the fourth quarter of 2019, when the borough logged 12.7 million square feet, according to a new report from Savills.
Aby Rosen battling landlord at luxury 11 Howard hotel

3 weeks ago | therealdeal.com | Elizabeth Cryan |Matthew Elo

It may be checkout time for Aby Rosen at another one of his hotel properties. Rosen, Michael Fuchs and their company RFR Holding are battling with landlord Commerz Real in three separate lawsuits over the Soho luxury hotel 11 Howard. The German asset manager filed a petition in February to evict RFR from the 211-room hotel; A hearing is set for April 3. A new lawsuit filed this week by the landlord claims RFR owes more than $18 million in back rent, taxes, insurance and other costs.
Financial Firm Inks 45k SF Lease At Global Holdings’ 99 Park

4 weeks ago | therealdeal.com | Elizabeth Cryan

A financial services firm is parking its Manhattan headquarters at Eyal Ofer’s upgraded Murray Hill office tower. Geller & Company signed a lease for 45,000 square feet at Global Holdings’ 99 Park Avenue, the landlord announced. The asking rent on the deal was not disclosed, but the firm will occupy part of the ninth floor and the entire 10th floor of the property for 11 years.