10Y UST5.24%+1.35%30Y MTG7.03%+1.15%SOFR3.90%VNQ$90.53-0.07%XLRE$41.34-0.02%FED FUNDS3.88%
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Commercial Observer · New York · Mixed Use

Investor Daryl Hagler Takes Over Ridgewood’s Embattled Resi Tower Development

Via Commercial Observer · September 29, 2026
Compiled by Real Estate Trail Editorial · September 29, 2026

Why this matters

Mixed-use is where the most interesting urban repositioning is happening. Office-to-residential conversions in Manhattan, Washington, and Philadelphia have moved from pro-forma exercises to closed transactions, and walkable suburban densification is drawing patient capital with longer hold periods than the traditional core or value-add fund structures support. New York continues to bifurcate sharply: trophy office leasing at record rents, commodity Class B in conversion discussions or court-supervised processes. Rent-stabilized multifamily remains supply-constrained and tightly held. For allocators, mixed-use offers exposure to multiple property types within a single basis, which has become attractive as monoline sector forecasts have widened.

Editorial analysis · Real Estate Trail Editorial

On the RET wire

Computed from Real Estate Trail’s own tracked coverage

Excerpt from Commercial Observer:
Real estate investor and controversial health care mogul Daryl Hagler has signed on the dotted line to take over one of the most embattled developments in Ridgewood, Queens. The under-construction mixed-use tower at 3…
Read the full article at Commercial Observer →

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