Newmark provided an about 70 percent loan-to-cost floating-rate acquisition loan

On the flip side, other high-fire-risk Sun Belt areas with strong economies enjoyed positive inflows.

The top 25 percent save about $1,000 per month, as questions get raised about the system that's been allowing it.

KeyBank has pledged a new commitment, forcing other financial institutions to upsize.

Nicole Fenton, real estate partner at law firm Herbert Smith Freehills Kramer, believes this isn't the last we've seen of data centers in the Empire State — but the challenge will be educating the public going forward.

Development and office carried the workload, as overall sales in the borough jumped by 103 percent year-over-year to $3.41 billion.

The portfolio spans 2.8 million square feet.

The portfolio acquired is expected to be fully leased by the 2026-27 academic year.