Natalie Sachmechi

85 Posts

Missing real estate attorney to surrender to authorities next month

It may be game over for Mitchell Kossoff, the beleaguered real estate attorney who disappeared in April with millions in client cash. Kossoff...

Thor Equities sells troubled Times Square building

Thor Equities’ Theater District building at 725 Eighth Ave., which has been facing foreclosure from its lender, has been sold for $10.3 million,...

Homeless shelter opens along Billionaires Row

Surrounded by a few of Manhattan’s most exclusive addresses is a homeless shelter that opened its doors last week after three years of litigation...

City wants to convert vacant offices into affordable housing

The City Council is zeroing in on how it can convert empty office space to address the city’s affordable housing shortage even as...

Cohen & Steers CEO steps down, names successor

After more than three decades at the helm of one of New York’s biggest real estate investment firms, founder Robert “Bob” Steers is...

Rosen off the hook for Gramercy Park Hotel default

Real estate investor Aby Rosen can’t be held personally liable for a ground lease that went unpaid on his Gramercy Park Hotel, a...

A century-old Midtown hotel is coming back from the dead

The Omni Berkshire Place, a 399-room Midtown hotel that opened in 1926—it’s where Alfred Hitchcock was once a regular and Rodgers and Hammerstein...

SL Green reports strong leasing activity, with more concessions

A jubilant Marc Holliday, who had just returned from the ribbon-cutting of Summit One Vanderbilt, vehemently defended SL Green’s portfolio during a Thursday...

Law firm leasing doubles in New York City

The city’s law firms are back in expansion mode, leasing nearly 800,000 square feet of space during the third quarter of the year—almost...

Strip club owner faces foreclosure on 11 properties

A real estate investor who owns a couple of strip clubs in the city could soon be stripped of his properties after defaulting...

Manhattan retail leasing grows for the first time since 2019

Retail leasing in Manhattan went through its first period of growth since mid-2019, ending 24 months of declining activity, according to data from CBRE....

Younger firms are driving office leasing in the city

The share of young, tech-driven firms leasing office space in the city has skyrocketed, driving down the average age of businesses that are...

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