Category: New York City

What transaction, project, or key moment best reflected the direction of the New York CRE market this year?  The closing of 240 Willoughby was an epic transaction for Fetner Properties. This was an extremely complicated tri-party transaction for the purchase of a partially completed 500-unit residential building that took close to 10 months to complete.

What transaction, project, or key moment best reflected the direction of the New York CRE market this year?  The City of Yes for Housing Opportunity was passed at the end of 2024 to address NYC’s housing crisis, and throughout 2025 we saw key zoning initiatives come to fruition, paving the way for more housing development. The city council approved the Midtown South mixed-use plan, which changes

>What transaction, project, or key moment best reflected the direction of the New York CRE market this year?  The clearest indicator of the New York market’s direction is the emergence of large, high-conviction bets on prime assets and housing-oriented redevelopment even as the economy is subdued and unpredictable. This shows up in new flagship office trades,

What accomplishment, milestone, project or transaction stood out for you or your firm in 2025? We’re providing the architecture and engineering for Concern for Independent Living’s adaptive reuse of religious school buildings in Brentwood, NY, into 175 units of supportive residential housing. It’s a privilege to be able to support underserved communities through our work

What accomplishment, milestone, project or transaction stood out for you or your firm in 2025?  My standout transaction in 2025 was the closing of a refinance bridge loan for a newly built 250+ unit multifamily project located in Florida.

What transaction, project, or key moment best reflected the direction of the New York CRE market this year? One moment that stood out for me this year was helping bring Laliko, a pioneering Georgian restaurant, to open in the West Village.

What accomplishment, milestone, project or transaction stood out for you or your firm in 2025?  In 2025, King & Spalding represented Cortland Partners in acquiring a majority of Elme Communities’ real estate assets.

>What transaction, project, or key moment best reflected the direction of the New York CRE market this year? This year’s market was defined by renewed competition for high-quality space. A great example was our Plaza District search for a financial-services client, where we saw bidding wars in multiple buildings

What accomplishment, milestone, project or transaction stood out for you or your firm in 2025? We have lots to be proud of, including the expansion of P.S. 87 and a men’s shelter nearing completion – both in the Bronx — but we’ll always think of 2025 as the year RKTB co-founder Carmi Bee stepped back from leadership,

What transaction, project, or key moment best reflected the direction of the New York CRE market this year? The New York office market is back ... but only for Class A or “trophy” assets. Quality office buildings are seeing leasing volume well above historic averages with strong demand from major corporate tenants.

What transaction, project, or key moment best reflected the direction of the New York CRE market this year? The $320 million financing we arranged for Bushburg’s conversion of 80 Pine St. exemplified the direction of New York CRE this year. Arrow was among the first to recognize office-to-residential conversions as a viable means of adding product to the supply-constrained multifamily sector,

What accomplishment, milestone, project or transaction stood out for you or your firm in 2025? About 12 months ago I posted on LinkedIn about our Falkbuilt operable walls. I was obviously hoping the right person(s) would see it and sure enough