Downtown Brooklyn Development Site Fetches $84M
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
- The 212th New York story tracked on the wire in September 2026. All New York coverage →
- Disclosed mixed use deal value tracked in September 2026: $650.5M across 4 reported transactions. All Mixed Use coverage →
Computed from Real Estate Trail’s own tracked coverage
JLL Capital Markets arranged the $83.5-million sale of the Bridge & Fulton Development Site, a large-scale mixed-use development opportunity located at 485 Fulton St. and 147 Lawrence St. in Downtown Brooklyn. Borough…
External link. Real Estate Trail does not republish source content.
Related coverage — New York · Mixed Use
Fully Leased Meatpacking District Mixed-Use Refinanced for $293M
Walker & Dunlop said Friday it arranged $293,200,000 to refinance 40 Tenth Ave., a 158,957-square-foot, mixed-use property in Manhattan’s Meatpacking District. Walker & Dunlop Capital Markets Institutional Advisory ad…
Walker & Dunlop Arranges $293M Refinancing for Mixed-Use Property in Manhattan
NEW YORK CITY — Walker & Dunlop (NYSE: WD) has arranged a $293 million loan for the refinancing of 40 Tenth Avenue, a 158,957-square-foot mixed-use building located in Manhattan. The property sits in the city’s Meatpa…
Related Launches Leasing for Tuxedo Luxury Rentals
Related Companies has officially begun its first phase of leasing for residences at The Village at Tuxedo Reserve, the mixed-use town center in the 1,200-acre Tuxedo Reserve community in New York’s Hudson Valley…
Lument Finance Trust Suspends Common Stock Dividend, and Declares Q3 Preferred Stock Dividend
NEW YORK, Sept. 18, 2026 /PRNewswire/ -- Lument Finance Trust, Inc. (NYSE: LFT) ("we", "LFT" or "the Company") today announced that its Board of Directors suspended the Company's quarterly dividend on its common stock…
Asian-American Deli Café Hestia Signs 8K-SF Lease at 570 Lexington Avenue
A cafe serving Asian and American cuisine is opening a fourth Manhattan location, Commercial Observer has learned. Café Hestia , a group of family-run delis, has signed a 20-year, 8,000-square-foot lease at the base o…
Corebridge Financial Refis Meatpacking Office Property With $293M Loan
A joint venture between Aurora Capital Associates and William Gottlieb Real Estate has sealed a $293 million loan to refinance a mixed-use asset in Manhattan’s Meatpacking District, according to a release. Corebridge…