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After several years of uncertainty, New York’s office market is showing signs of renewed strength. Leasing activity picked up sharply over the summer, major tenants committed to large blocks of space, and capital has returned to trophy properties across Manhattan. The data suggests a market that is not yet fully recovered, but is clearly regaining

Rising interest rates have many borrowers seeking ways to manage their cash flow and improve loan terms. One option lenders sometimes offer is a rate buydown, which involves paying up front to secure a lower interest rate. It can be a helpful tool, but only in the right circumstances. What is a Rate Buydown? A

Apartment construction in the United States is expected to remain robust in 2025, with more than 500,000 new units anticipated across the country, according to Yardi Matrix data (via RentCafe). That’s a slight step down from last year’s peak, but still represents one of the strongest development cycles in recent memory. As shown in the

A $50 million multifamily development with a $35 million senior loan leaves a $15 million financing gap. How that gap is filled, whether through mezzanine debt, preferred equity, additional common equity, or a combination, sets the project’s balance of risk, return, and control. Beyond senior debt, three primary forms of capital typically fill that gap.

After a slow start to the year, private equity firms are preparing for a major return to the commercial real estate market before year-end. Capital waiting to move Private equity firms are holding hundreds of billions in undeployed capital. Blackstone, for example, recently reported more than $170 billion in available investment capital, according to public