New York

Fire sale of Midtown hotels continues as Hilton Times Square is sold for 35% of its last purchase price.

The firm has hired Marc Sznajderman as SVP and head of production to lead its capital markets finance services in the eastern US.

The condo's sale is "evidence of the continued demand and premium valuation for well-located assets in Midtown East."

After limited investment activity during the pandemic, European investors are returning to the US as a safe-haven.

Downtown's availability tops 20 percent, which is a first, Colliers reports.

"Crowdfunding has grown up to be a real player in the real estate market," says Bruce Stachenfeld, chairman of RE law firm Duval & Stachenfeld.

"We arrived at the current state of downtown areas through necessary change, and it's going through yet another evolution," says Jamie Henderson, head of commercial real estate at Capital One.

As employees shift to new work models, companies are figuring out the complicated logistics.