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SL Green Booted From Worldwide Plaza Amid Foreclosure Fight
New York’s Opportunity Zone Clock Is Ticking
NYC’s Office-to-Residential Conversion Safety Sweep Finds No Major Issues
NYC Industrial Rents Drop as Tenants Shift Toward Older, Cheaper Space
The Newsletter

06 Jul

Good morning. Welcome back to CRE Daily!

RISING STAR

SL Green Booted From Worldwide Plaza Amid Foreclosure Fight
SL Green Booted From Worldwide Plaza Amid Foreclosure Fight

Cushman & Wakefield takes over management as occupancy falls to 51% and creditors fight for control.

THE TAKEAWAY

New York’s Opportunity Zone Clock Is Ticking
New York’s Opportunity Zone Clock Is Ticking

New rules tighten eligibility as the state decides where billions in tax-advantaged capital can flow next.

THE TAKEAWAY

NYC’s Office-to-Residential Conversion Safety Sweep Finds No Major Issues
NYC’s Office-to-Residential Conversion Safety Sweep Finds No Major Issues

The inspection sweep found limited violations but no structural concerns, keeping momentum behind office-to-housing conversions alive.

THE TAKEAWAY

NYC Industrial Rents Drop as Tenants Shift Toward Older, Cheaper Space
NYC Industrial Rents Drop as Tenants Shift Toward Older, Cheaper Space

Industrial rents decline, leasing slows, and tenants increasingly favor lower-cost properties across New York City.

THE TAKEAWAY

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