January 2025

A JPMorgan analyst in a new investor note suggests that retirement for longtime Chairman and CEO Steven Roth could be a catalyst for Vornado Realty Trust’s hard-hit stock price. “We think succession planning and the future prospects around how the company will be run long-term – and by whom – could be a swing factor

Leases Brooklinen leaving Brooklyn for Hudson Square Address: 225 Varick St., ManhattanLandlord: Hudson Square Properties (a joint venture of Trinity Church NYC, Norges Bank Investment Management and Hines)Tenant: BrooklinenLease size: 32,000 square feetLease length: 10 yearsAsset type: OfficeBrokers: JLL’s Joseph Sipala and Ian Lipman represented the tenant. CBRE’s Howard Fiddle, Neil King, Paul Amrich, Zachary

Award-winning movie maker Akiva Goldsman, who has helped create Star Trek spin-offs, has beamed down in West Chelsea. The writer, director and producer and his wife, actress Joann Goldsman, have purchased a four-bedroom unit at the Cortland, a West Chelsea condo from The Related Cos. and Mitsui Fudosan America that has flown somewhat under the

Pershing Square Capital Management has proposed a deal to merge a newly formed subsidiary with Howard Hughes Holdings, the latest step in Ackman’s pursuit of the real estate developer he used to help lead. The investment firm run by Bill Ackman is offering Howard Hughes holders $85 a share, a majority of which would be

Brooklyn’s Pintchik family has sold a 26-building portfolio of mixed-use properties in the borough for about $103 million, according to Michael Pintchik and an announcement from the brokers. The Pintchiks sold the buildings to brothers Michael and Edward Ostad, parting with them “to address some family-planning issues,” Pintchik told Crain’s. The portfolio consists of buildings