10Y UST4.86%+0.41%30Y MTG7.18%-0.83%SOFR3.89%-0.77%VNQ$97.30+1.64%XLRE$44.64+1.45%FED FUNDS3.88%
Real Estate Trail
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Connect CRE · New York · Mixed Use

David Burris-Led Investor Group Acquires Upper East Side Assemblage

Via Connect CRE · September 24, 2026
Compiled by Real Estate Trail Editorial · September 24, 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 Connect CRE:
Lee & Associates NYC arranged the $28.1-million sale of three adjacent mixed-use properties at 780 Lexington Ave., 782 Lexington Ave. and 136 E. 61st St. on Manhattan’s Upper East Side. Executive managing director Chr…
Read the full article at Connect CRE →

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