Bushburg is buying 60 Wall Street for $400 million, a deal that could eventually bring renovation or repositioning work to the tower. therealdeal.com
MetLife is expanding its footprint at its namesake Manhattan office building, a leasing move with no construction scope disclosed yet. therealdeal.com
Lenders are pulling back from financing rent-stabilized properties across the city, tightening a capital source multifamily rehab contractors depend on. therealdeal.com
AI firm Modal Labs signed a 157,000-square-foot lease at Rudin's 32 Avenue of the Americas, a deal likely to bring a build-out fit-out job to market. commercialobserver.com
Silverstein landed a lease with Heisman at 120 Broadway, another Lower Manhattan office fit-out in the pipeline. commercialobserver.com
Commercial Observer reports data-center developers are bracing for a funding and siting squeeze after Tuesday's elections shifted several states' rules. commercialobserver.com
U.S. employers added 165,000 jobs in October, a stronger-than-expected report that typically supports continued construction lending. commercialobserver.com
Starwood and Trinitas secured a $100 million loan from Affinius Capital to build student housing in Pittsburgh, an out-of-market deal worth watching for NY comparisons. commercialobserver.com
Construction Dive reports confidence among contractors slipped even as backlog and work volume rose nationally. constructiondive.com
Construction Dive surveys industry reaction to Tuesday's Democratic midterm sweep, including union and employer responses. constructiondive.com
Skanska reported $6.9 billion in third-quarter contract awards, its second straight record intake quarter. constructiondive.com
Work has started on a long-planned Staten Island road-widening project, according to SILive. silive.com