The article reflects on the 25 years since the 9/11 attacks, focusing on the rebuilding and transformation of Lower Manhattan, particularly the World Trade Center site led by Silverstein Properties. It highlights the recent groundbreaking of 2 World Trade Center with American Express as the anchor tenant, the shift in the office-to-residential ratio in the Financial District, and the resurgence of office leasing demand. The piece also covers significant real estate transactions and leadership changes in the commercial real estate sector, as well as new developments in Florida and Southern California.

Azimuth Development Group transferred ownership of a newly built $54.5 million school facility at 801 Bartholdi Street in the East Bronx to Equality Charter School, which will use the 63,000-square-foot building as an elementary school. The property, completed in 2025, includes cafeterias, a gymnasium, and rooftop recreational space, accommodating up to 900 students. Azimuth specializes in community-beneficial projects including affordable and market-rate housing and has developed over 1 million square feet of mixed-use properties in New York City.

Arc Capital Partners secured $29.3 million to refinance Chapman Market, a historic 41,241-square-foot retail and dining center in Los Angeles' Koreatown. The property, known as Chapman Plaza, was acquired by Arc Capital 10 years ago and features multiple tenants focused on Korean food and entertainment. The financing was provided by Voya Investment Management, with Northmarq facilitating the debt. The market is a designated Los Angeles Historic-Cultural Monument and a key nightlife destination in Koreatown.

The article discusses the challenges and strategies involved in upgrading and maintaining health care infrastructure, focusing on the need for proactive investment, revitalization of aging facilities, and adapting buildings for modern clinical needs. It highlights insights from industry experts at the National Healthcare Forum, including large-scale projects like Northwell Health's redevelopment of Lenox Hill Hospital and Mount Sinai's Tisch Cancer Center. The discussion covers the importance of infrastructure resiliency, patient-centered design, and the repurposing of various building types to meet evolving health care demands.

Andreessen Horowitz (a16z) is opening a new office in West Palm Beach, Florida, leasing space at Related Ross' CityPlace Tower to serve as a regional headquarters for its American Dynamism fund focused on defense-tech investments. This move is part of a broader development effort by Related Ross to transform West Palm Beach into a tech and finance hub, with other major firms like Wells Fargo and Goldman Sachs also leasing office space in the area. The 18-story CityPlace Tower, purchased by Stephen Ross in 2021, is part of a larger project including additional Class A office buildings under construction.

Longpoint Partners, a Boston-based private equity firm, acquired a 10-building industrial portfolio in Miami-Dade County, Florida, for $195 million. The portfolio consists of small-bay industrial properties totaling 729,901 square feet across 41 acres, with 90% leased to 74 tenants. Since 2023, Longpoint has invested nearly $600 million in South Florida industrial properties and also deals in grocery-anchored retail assets, recently selling a retail property near Boynton Beach.

The Upper Manhattan Empowerment Zone Development Corporation (UMEZ) is relocating its nonprofit headquarters to a 9,000-square-foot office space in the Urban League Empowerment Center, a 17-story mixed-use development in Harlem, New York. The building features office, retail, and affordable residential spaces and was developed through a public-private partnership. UMEZ has been active in the neighborhood since 1995, supporting economic development and community initiatives. The move represents a continuation of UMEZ's commitment to the area and its mission-driven work.

Municipal Credit Union has signed a 15-year lease for a roughly 6,000-square-foot retail space at 162-15 Jamaica Avenue in Queens, New York City. The lease is part of a larger commercial property owned by the Rosilio family, which also includes tenants like a plasma donation center, Cold Stone Creamery, and a Fitness Factory gym. The property was purchased by the Rosilio family in November 2024 for $10.5 million, and the retail space commands rent above $100 per square foot.

Taconic Partners sold a life sciences project at 309 East 94th Street on Manhattan's Upper East Side for $73 million to LCOR, a multifamily developer. The site, planned for a 200,000-square-foot Class A research lab called Iron Horse Labs, is near major medical institutions. Construction began in 2023 with a $79 million loan, but progress is uncertain. This sale follows Taconic's $188 million sale of West End Labs in Manhattan. The life sciences sector in New York City is experiencing a significant drop in leasing volume post-pandemic.

Paul Vanderslice, a veteran in commercial real estate finance with extensive experience at BMO, CCRE, and Citigroup, has been named the new president and CEO of the CRE Finance Council (CREFC), effective September 30. He succeeds Lisa Pendergast, who retired after a decade of leadership. Vanderslice's appointment reflects his deep industry expertise and long-standing commitment to CREFC, where he has served in leadership roles for nearly 30 years.

Harbor Fitness has leased a 20,000-square-foot space at 3460 Nostrand Avenue in Sheepshead Bay, Brooklyn, for 25 years, marking its eighth location. The space includes both indoor and a 6,000-square-foot outdoor area. The property was purchased by Gaama Partners for $5.1 million and was previously occupied by a children's retailer. The lease was brokered by Augenbaum Realty, which represented both parties.

Watermark Capital Group is redeveloping a former Roman Catholic school campus in Crown Heights, Brooklyn, New York, into a 42-unit residential building with an additional community facility. The project involves a ground lease from St. Teresa of Avila Roman Catholic Church and is supported by a $16.48 million construction loan from Genesis Capital. The redevelopment follows the relocation of the former school and ongoing challenges faced by the church, including financial strain and deferred repairs.

A joint venture among Mack Real Estate Group, Silverstein Properties, and Cantor Fitzgerald secured $55 million to refinance Swell Apartments, a 200-unit multifamily complex located in the Yesler Terrace neighborhood of Seattle's Chinatown-International District. The property, which opened in 2024, includes amenities such as a rooftop sky lounge, fitness center, coworking spaces, and private parking. The refinancing was provided by Japanese investment firm Orix Real Estate Capital and arranged by Newmark.

Jay Roberts, CEO of Miami-based Prosper Group, is actively developing luxury residential high-rise projects in South Florida, including a $50 million site on the Miami River in Brickell for a 60-story building with 181 units. With a background in investment banking, Roberts leverages his finance expertise and social media presence to raise capital and build relationships. His development pipeline includes projects in Miami and Tampa, focusing on waterfront, high-end sites, including a condo-hotel in Tampa near the Water Street development.

A retail condominium at 841 Madison Avenue in Manhattan's Upper East Side sold for $57 million, with Prada as the anchor tenant. The property was sold by JSRE Acquisitions to RFR Holding, signaling a resurgence of Madison Avenue as a luxury retail corridor. RFR Holding, recently facing financial challenges, plans to focus on office and high-end retail assets through a new investment firm. JSRE has also been active in Manhattan retail sales, including recent transactions in SoHo.

Innovo Property Group leased significant industrial space in its Review Avenue Complex in Long Island City, Queens, to two tenants: Roadway Moving, which took 117,000 square feet, and Contenur, which leased 114,000 square feet. These deals follow two other leases at the same six-story industrial development, highlighting strong demand for industrial properties in the area. The average asking rent for industrial space in Queens was $27.50 per square foot in Q2 2026.

Bagatelle International, a Canadian fashion brand, has signed a full-floor lease for 23,785 square feet at 463 Seventh Avenue in New York City's Garment District, marking the building's full occupancy. The lease is part of two new office deals totaling 33,083 square feet, with the second lease signed by KS Engineers for 9,298 square feet. Both leases highlight the resilience of the Midtown office market and involve relocations or expansions within Manhattan.

Two new supermarkets, CTown Supermarkets and Atlantic Market, have signed 20-year leases for retail spaces at two newly developed residential projects by EMP Capital Group on Atlantic Avenue in Prospect Heights, Brooklyn, New York. These developments, known as Prosper Brooklyn and Eight80 BK, include 237 and 257 residential units respectively and were built under New York City's FRESH program and the Atlantic Avenue Mixed-Use Plan to support neighborhood growth and affordable housing. Both supermarkets are set to open in the third quarter of 2027, providing essential retail amenities to the expanding community.

A Brooklyn developer, GW Infinity, secured $45 million in construction financing from S3 Capital to build a 99-unit multifamily apartment building in Williamsburg, Brooklyn, New York. The 17-story project will include 20% affordable housing units under NYC's 485-x tax incentive program and is located on land leased from the Roman Catholic Church. The financing was structured creatively around the leasehold interest, allowing construction without purchasing the land outright. Williamsburg's multifamily market shows strong fundamentals with low vacancy and rising rents.

Coney Island Preparatory Public Charter School is relocating from Gravesend, Brooklyn to a new 45,190-square-foot condominium leasehold at 773 Neptune Avenue in Coney Island, New York. The school plans to open in summer 2027 with capacity for 500 students, featuring purpose-built facilities including labs, a gymnasium, and a kitchen. The lease is for 39 years, and the development is by Rybak Development. The site may be part of a larger 14-story mixed-use building completed in 2025, with a total of 139,000 square feet.

Dinosaur Capital Partners secured $48 million in construction financing to develop a 130-unit multifamily apartment project in Lexington, Massachusetts, a suburb of Boston. The five-story building will feature 110 market-rate apartments, 20 affordable units, 400 square feet of retail space, and amenities including a fitness center, yoga studio, and coworking lounge. The financing was provided by Affinius Capital and Axonic Capital, supporting the development of a Class A multifamily property in a supply-constrained suburban market.

Diptyque, a French luxury brand, is expanding its office space in New York City by leasing an entire floor at 16 East 34th Street in Manhattan’s Murray Hill. The 18,017-square-foot deal marks a relocation from its previous 8,097-square-foot office in the Garment District. The building recently underwent renovations and houses other office tenants, highlighting its upscale design and management.

Kolter Urban and BH Group have secured $197 million in construction financing from Apollo Global Management and BDT & MSD Partners to develop Olana Naples Residences, a luxury estate-style condominium project in Naples, Florida. The development will feature 12 large condominiums, each approximately 10,000 square feet, with prices starting at $32 million. Construction is planned to begin before the end of 2026 and is expected to be completed by 2028.

Teresa Minnick is a prominent real estate broker in New Jersey with over 25 years of experience and more than $800 million in sales. She is known for her work on luxury condominium projects such as the Atlantic Club Residences in Long Branch and her role in the revitalization of Asbury Park. Minnick's career highlights include overseeing large-scale oceanfront developments and contributing to the transformation of the Jersey Shore real estate market.

The article discusses the current boom in senior housing driven by baby boomers, highlighting that while occupancy and transaction volumes are high, future generations like Generation X may not afford the premium senior living options being developed. It emphasizes the need for developers and investors to rethink capital structures and product designs to create more flexible, affordable senior housing solutions to meet the growing middle-income senior population's needs.

The Midtown Manhattan office tower at 40 West 57th Street has secured new tenants, including 26 North, which signed an 84,000-square-foot lease for four floors with an 11.5-year term, and Mack Real Estate Group, which leased 20,750 square feet on the 17th floor. The building, operated by LeFrak, offers amenities such as private parking, a lounge, cafe, terrace, and conferencing, with wellness features planned for 2027. The office market in Manhattan is experiencing strong leasing activity, on track for its best year since 2000, despite recent monthly declines.

CBRE Investment Management has acquired Tenet Equity from Cerberus Capital Management for $1.6 billion, adding a national net-lease platform with over 200 properties across 39 states. This acquisition reflects growing institutional demand for long-duration real estate income streams, particularly in industrial, retail, and office sectors. The net-lease market saw $12.8 billion in investment in Q2 2026, with industrial properties leading growth. The deal highlights a trend toward acquiring operating platforms that offer tenant relationships and origination capabilities, despite challenges from higher interest rates and supply increases.

A restaurant ownership group behind Friedman’s Restaurant and Pastrami Queen has purchased a 5,000-square-foot retail co-op on Manhattan's Upper West Side for $4.1 million to open a new Friedman’s location. The existing tenants, Barney Greengrass and Hudson & Charles, will remain in their spaces. This acquisition expands the group's presence in Manhattan while preserving established local businesses.

Thompson, a boutique law firm specializing in mergers and acquisitions, tax transactions, and intellectual property, is relocating its New York City office to a 4,000-square-foot space on the 16th floor of the 40-story office tower at 622 Third Avenue, also known as Grand Central Plaza. The firm signed a five-year lease at an asking rent of $75 per square foot and will move from its current location at 75 Broad Street in the Financial District in the fall. The building, designed by Emery Roth & Sons, underwent a $5 million renovation in the early 2010s and houses tenants such as TemPositions, Zenith IOS, and Cooper-Horowitz.

O’Melveny & Myers has renewed its lease for 100,000 square feet at 1625 Eye Street NW in Washington, D.C., where the building's new owners plan a major renovation to reposition it as a high-end office asset. The upgrades will include a redesigned lobby, enhanced security, new retail dining options, rooftop gathering spaces, a conference facility, and an expanded fitness center. The building features a 425-space parking garage and is located near the White House.

Slate Property Group secured a $63 million loan to refinance three multifamily buildings in Manhattan's Chelsea neighborhood, totaling 94 units and 68,139 square feet. The refinancing reflects the resilience of the submarket and the quality of the assets, which have been fully leased following recent renovations. The properties are located near the High Line and Chelsea Market in New York City.

Bijin Omakase, a hibachi restaurant, signed a 15-year lease for a 5,077-square-foot ground-floor space at Trio, a nine-story residential building with 34 units located at 27-19 Thomson Avenue in Long Island City, Queens. The lease was negotiated by RTL brokers and the asking rent was $130 per square foot. The space met the tenant's specific physical requirements for their hibachi concept, leading to a quick lease execution.

The Manhattan condo market is expected to see a significant increase in new sponsor units released in the fourth quarter of 2026, with 768 units across 20 new developments, marking the largest quarterly release since 2014. This surge follows years of supply constraints and pent-up demand, with a total of about 1,100 new units projected for 2026. The Upper East Side is highlighted as a particularly active neighborhood. The market's recovery is attributed to renewed investor confidence and successful recent project sales after a slowdown caused by the COVID-19 pandemic.

Harrison Street Asset Management has appointed three new executives to lead its strategies across the U.S., Asia, and Europe, focusing on expanding its Investor Solutions platform and strengthening institutional client relationships. The firm, managing over $110 billion in assets primarily in student housing, senior housing, and medical offices, continues to evolve its global team and scale its platform while recently divesting about $6 billion in properties.

LORE Development Group and Element Development secured a $58 million construction loan for an eight-story boutique condo project called the Lincoln in Miami's Coconut Grove neighborhood. The development will feature 48 units with amenities such as a rooftop pool and valet parking, with construction expected to complete by the third quarter of 2028. The site was purchased for $8.6 million in 2023, and 40% of the units have already been pre-sold. The Coconut Grove area continues to attract significant investment and luxury developments.

Trademark Property Company and Harrison Street Asset Management secured $77 million in construction financing for the Shivers Farm mixed-use development in Southlake, Texas, part of the Dallas-Fort Worth area. The project includes 37 single-family residential lots, 161,000 square feet of retail and office space, and features a 35,500-square-foot Whole Foods, the first in Southlake. The commercial portion consists of approximately 128,000 square feet of retail and 33,000 square feet of office space across nine buildings, making it the only grocery-anchored retail property north of SH 114 within three miles.

CBRE Investment Management has acquired Tenet Equity's $1.6 billion net-lease platform, consisting of 208 industrial assets across 39 states, totaling 12 million square feet. The portfolio features long-term leases averaging 17 years with middle-market industrial tenants, providing a hedge against inflation. CBRE IM will collaborate with Tenet Equity to manage and expand the net-lease platform, leveraging their combined expertise.

The article discusses the importance of a flexible and strategic approach in marketing investment properties, emphasizing that brokers should adapt their process based on market feedback rather than following a rigid script. It highlights the need to balance urgency and sufficient market exposure, maintain fairness and transparency to keep buyers engaged, and use competitive tension to maximize seller proceeds. The author stresses that every stage of the bidding process should be informed by the quality and distribution of offers, and brokers must use judgment to decide whether to proceed with additional rounds or negotiate directly with a strong bidder. Ultimately, the goal is to optimize the seller's outcome by intelligently managing competition and buyer confidence.

SL Green Realty, New York City's largest office REIT, has sold 110 Greene Street, a 13-story Class A office building in Manhattan's SoHo, for $226 million to Natora Group. The sale is part of SL Green's broader strategy to divest up to $2.5 billion in residential and commercial properties, including several other office buildings in Midtown Manhattan. The transaction was structured as a 1031 exchange, with proceeds cycling to the Blackstone Group. SL Green had acquired 110 Greene Street in 2015 and brought it to full occupancy at market-leading rents before the sale.

GR Properties USA secured $62 million in bridge debt from Dwight Investment Management to refinance the newly developed Lana multifamily project in Culver City, California. The 139-unit property includes studios, one-bedroom, and two-bedroom units, along with 2,000 square feet of commercial space and various community amenities. The financing will cover an interest reserve and pay down previous debt and preferred equity.

Orbital, an artificial intelligence platform supporting real estate attorneys, is relocating its Manhattan office to a full floor at 40 West 25th Street in New York City to support its growth and attract talent. The lease was brokered by JLL, and the building is owned by Kaufman Investments and AXA Insurance. Orbital, founded in 2018, also has offices in Los Angeles and London and handles over 250,000 property transactions annually. The move reflects increasing demand from AI and technology companies for high-quality office space in amenity-rich neighborhoods.

Colorado Springs' multifamily real estate market is showing strengthening fundamentals with rising occupancy rates reaching 94.4% in mid-2026, driven by strong demand and reduced new supply. Vacancy rates are low, especially in North Colorado Springs, and net absorption has significantly increased, outpacing new unit deliveries. Rents are beginning to recover with a modest increase from the previous year, while investment activity has improved but remains below historical levels. Key transactions include the sales of Copper Chase Apartments, Lincoln Springs Apartments, and Newport Square.

The National Association of Realtors (NAR) 2026 Data Center Impact Report reveals that data center development is concentrated in a few U.S. counties, notably in Northern Virginia, Northern California, and central Ohio. These clusters correlate with higher home values, increased household incomes, and stronger employment growth compared to counties without data centers. However, the report notes that data centers are also associated with increased energy costs and water use, and the impact on individual homes near facilities may vary. Overall, data centers contribute to stronger local economies but their effects differ by locality.

Nadeem Meghji is leaving Blackstone less than a year after becoming the sole global head of real estate, following other executive departures. David Levine and Giovanni Cutaia have been promoted to fill his role. Meghji, who joined Blackstone in 2008, played a key role in expanding the company's data center strategy, which reached a $185 billion valuation by July 2026. Blackstone continues to report strong financial growth despite these leadership changes.

Jay Badame has returned to the commercial real estate sector as COO of Bravo Group, overseeing public- and private-sector architecture and engineering projects, primarily in New York. With decades of experience including work on the World Trade Center and JFK Airport, Badame aims to grow Bravo Group and secure contracts with entities like the Port Authority and Related for redevelopment projects. He also joined Bravo's board of advisers and plans to expand the company's market share in smaller projects.

MISMO has introduced two new AI governance certifications to establish formal standards for evaluating automated systems in real estate finance, emphasizing risk oversight, decision-making transparency, and data traceability. This development marks a shift towards institutional compliance in commercial real estate technology, requiring domain-specific software architectures that provide clear audit trails. The change will impact capital markets by differentiating firms based on their use of certified software, affecting deal speed and cost of capital. Senior real estate leaders must now scrutinize software outputs more critically, as unverifiable data is treated as financial risk.

Natora Group has acquired a fully leased Class A office building at 110 Greene Street in Manhattan's SoHo for $226 million. The 13-story property, featuring open floor plates and high ceilings, includes Balenciaga's New York flagship store and benefits from a prime location with access to multiple subway lines and amenities. The seller, SL Green, plans to use the proceeds to reduce corporate debt as part of a broader $2.5 billion disposition strategy. Manhattan's office market is experiencing strong leasing activity, marking its best year since 2000 despite recent monthly declines.

Centerspace and Independence Realty Trust (IRT) are merging to form a multifamily REIT valued at approximately $8.1 billion, combining 44,454 apartment units across 163 communities in 17 states. IRT will hold 78% equity control, and the new entity will continue trading on the NYSE under IRT's brand. The merger aims to increase margins through technology, operational efficiencies, and regional expansion, with estimated annual synergies of $24 million. About 58% of net operating income (NOI) will come from Sun Belt markets, 15% from the Mountain West, and 27% from the Midwest, focusing on high-growth population centers. The deal is expected to close in Q4, pending approvals.

AmTrustRE acquired and extensively renovated 360 Lexington Avenue, a boutique office building in New York, for $65.5 million in 2024. The renovation included updating the facade, windows, and lobby, resolving ventilation issues, and creating a hospitality-inspired amenity center on the eighth floor with a lounge, pantry, bar, conference room, and a gym under construction. The redesign aims to provide tenants with a warm, homey experience and tailored services, such as kosher snack options, to enhance tenant satisfaction and make the building stand out in the Grand Central market.

Lisa Silverstein, CEO of Silverstein Properties, discusses the company's ongoing development of 2 World Trade Center in New York City, anchored by American Express, and the challenges of rising construction costs impacting projects like 5 World Trade Center. She highlights the company's expansion beyond New York through the Cantor Silverstein Opportunity Zone Trust and Silverstein Capital Partners, focusing on risk-adjusted returns and quality deals in markets such as Tempe, Arizona, and Los Angeles, California. Silverstein also shares insights on leadership transition, family business dynamics, and her personal ventures including a children's book series and a jewelry brand.

Blackstone has appointed David Levine and Giovanni Cutaia as co-heads of its global real estate business, succeeding Nadeem Meghji who is leaving for personal reasons. The firm, valued at over $600 billion, has a diverse portfolio including rental housing, logistics, hospitality, office, life sciences, and data centers. Blackstone is focusing on data centers and rental housing as long-term investment themes amid changing market conditions and higher interest rates affecting office values. The leadership change comes during a period of senior departures but aims to maintain continuity and investment momentum across its global platform.

Blackstone has appointed David Levine and Giovanni Cutaia as co-heads of its global real estate business, succeeding Nadeem Meghji who is leaving for personal reasons. The leadership change comes amid significant senior departures but aims to maintain continuity in Blackstone's investment strategy across its global portfolio, which includes rental housing, logistics, hospitality, office, life sciences, and data centers. The firm continues to focus on data centers and rental housing as long-term investment themes while navigating challenges from higher interest rates and shifting market conditions.

Acadia Realty Trust acquired two interconnected mixed-use buildings on Greene Street in SoHo, New York, for a combined $60 million, continuing its investment in retail properties across New York City. The properties include residential and retail spaces, with retail tenants such as the streetwear boutique Amiri. Acadia has also recently purchased other retail condos and storefronts in Manhattan and Brooklyn, while JSRE Acquisitions, the seller, remains active in retail property transactions in the city.

Esti's, a high-end women's clothing store, is relocating to a new mixed-use development in Midwood, Brooklyn, New York. The retailer signed a 10-year lease for a 7,800-square-foot retail space at 2263 Nostrand Avenue, part of a 67-unit mixed-use building completed last year. The move will take place in the first quarter of 2027, shifting Esti's about 2.1 miles north from its current location in Brooklyn's Homecrest neighborhood. The retail space is one of the last available in the largely residential Midwood area.

Investec Real Estate Companies secured $53.5 million in refinancing for a portfolio of three self-storage properties located in Highland, Goleta, and Murrieta, California. The loan, provided by New York Life and arranged by Talonvest Capital, is a five-year, interest-only loan with an early rate lock, saving Investec $400,000 in interest over the term. The portfolio includes 253,496 rentable square feet and 1,818 units.

L.K. Comstock, a specialty electrical contractor, has signed a lease for 13,566 square feet at 55 Prospect Street in the Dumbo Heights office and mixed-use campus in Brooklyn, New York. The campus, owned by RFR and Kushner Companies, offers office, dining, and retail space near subway lines, attracting tenants like L.K. Comstock, ETC Companies, and Futerra. The lease details were not disclosed, but the average office rent in Dumbo is $53 per square foot.

ErieView Development secured a $93.4 million C-PACE loan to convert the former Erieview Tower in Downtown Cleveland, Ohio, into the state's first W Hotel, including 210 hotel rooms, 215 apartments, and office space. This adaptive reuse project highlights the growing use of C-PACE financing for energy-efficient upgrades in older commercial buildings. The redevelopment is expected to complete in late 2027 and represents a significant investment in Cleveland's downtown area.

A joint venture among East West Partners, CBC Real Estate, and Affinius Capital secured $141 million to refinance a 535,000-square-foot office campus in Raleigh, North Carolina, serving as the global headquarters for Bandwidth. The office complex, opened in 2023, is fully leased to Bandwidth and includes office space, fitness facilities, a Montessori school, and event space on nearly 24 acres. The refinancing was arranged by Cantor Fitzgerald and Wells Hill Partners.

Alternative investment management firm 26 North is relocating its New York City offices to an 84,000-square-foot space at LeFrak’s Midtown office tower at 40 West 57th Street, occupying four full floors. Mack Real Estate Group is also leasing 20,750 square feet in the same building. Both deals were brokered by CBRE and Newmark, with the building offering Class A office amenities and attracting premier tenants in the Midtown Manhattan business district.

Kohl's sold a 92,726-square-foot building in Coconut Creek, Florida, to Baptist Health South Florida for $53.5 million. Kohl's will lease back the property until mid-November before closing the retail location. Baptist Health, a nonprofit expanding in the region, plans to develop the 8.2-acre site near its upcoming hospital in Sunrise, Florida, scheduled to open in 2029.