A wave of newly delivered warehouse and flex space pushed New York industrial asking rents into negative year‑over‑year territory, boosting tenant leverage across the metro.

AMTD Digital’s TGE closed on the former Hilton Garden Inn in Tribeca for US$69M and has rebranded it AMTD IDEA Tribeca Hotel with plans for an “Art Newspaper House.”

Carlyle signed a 10‑year, 150,036‑sq‑ft lease at 245 Park Avenue and added about 52,000 sq ft at 200 Park, bringing its Park Avenue footprint to roughly 202,000 sq ft.

Amiee Lynn extended its lease at 366 Fifth Avenue, taking 29,000 square feet across the 10th and 11th floors in a five‑year, seven‑month deal.

Mindspace is adding 11,500 square feet at 25 Kent in Williamsburg, bringing its local footprint to about 50,000 square feet with an expected summer 2026 opening.

WeWork has quietly signed a 37,000‑sf lease at 511 Fifth Avenue and plans a 9,000‑sf coworking lounge as it cautiously rebuilds in Manhattan after bankruptcy. Landlords say the terms are more measured this time.

Steven Roth is selling the former Alexander’s site in Rego Park to Northwell Health for about $235.5M, pumping a vacant retail block and 1,200‑space garage into the state's biggest health system.

Dalan Real Estate filed March 6, 2026 foreclosure suits against Steve Croman, alleging defaults on four mortgages tied to nine Manhattan rental buildings.

A seven‑building Brooklyn portfolio tied to Zalmen Wagschal was moved to special servicing after falling behind on a securitized $22.5M loan.

A nine‑story mixed‑use building at 644–650 Southern Boulevard will bring a 54‑room inpatient rehab and street‑level retail to Longwood, with construction set to finish in summer 2026.

The long-vacant Hotel Carter at 250 W. 43rd St. is set for an all-cash sheriff's auction on May 6, 2026 after years of city violations and lender pressure.

Star On 18, the Chelsea diner at 128 Tenth Ave, announced it will close after 25 years; owners gave no final date and the space’s future is uncertain.

New renderings show a 13-story mixed-use development planned for 1720 Atlantic Avenue in Crown Heights, promising nearly 300 apartments, street-level retail and a community facility. The project follows recent rezoning and awaits a construction timeline.