Rudin Offloads Former AIG Headquarters for $160M to Bushburg
Bushburg plans to convert the skyscraper's offices into residential units.
Source: commercialobserver.com
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What does it take to convert office buildings into housing?
New York wants to encourage more office-to-housing conversions. But swapping commercial tenants for residential ones isn’t always easy.
Source: marketplace.org
Newly Launched NYC Office Conversion Accelerator Program - Real Estate
In August 2023, New York City Mayor Eric Adams and the New York City Department of City Planning announced three major initiatives to spur the development of housing stock across the city.
Source: mondaq.com
Sunday Summary: Changing of the Guard at REBNY – Commercial Observer
There was a changing of the guard at REBNY with Douglas Durst stepping down and Jed Walentas stepping in; he has his work cut out for him.
Source: commercialobserver.com
NYC Lists 46 Buildings in Pipeline for Office-to-Residential Conversion – Commercial Observer
The Office Conversion Accelerator, launched by Mayor Eric Adams’s administration in August, has 46 buildings enrolled in the program.
Source: commercialobserver.com