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Fed raised rates 25 bps to 3.75%–4.00%. Borrowers are shifting toward short-term debt as higher rates pressure asset values, while strong liquidity continues to support lender competition and deal activity.
Commercial Property | Delivered Vacant | Flexible Zoning: 341 West 44th Street
OCT
6
While located in the Special Clinton District, the property doesn’t require a Certificate of Non-Harassment; Flexible zoning allows for both residential and commercial development
41,042 BSF Corner Development Site in Sunset Park: 6102 4th Avenue
OCT
6
Rental market with recent neighborhood developments commanding premium rents, exceeding $70/SF; 182’ of wraparound frontage on 4th Avenue & 61st Street allowing for highly efficient building design.
Episode 132: Inside Vornado’s NYC Empire: Penn District & Beyond featuring Glen Weiss
OCT
1
In this episode of Coffee & Cap Rates, Shimon Shkury sits down with Glen J. Weiss, Executive Vice President of Office Leasing and Co-Head of Real Estate at Vornado Realty Trust, to discuss Glen's career and Vornado's position in New York City's office and retail markets.
