In the past 10 years, FIRE's market share of occupancy in Lower Manhattan has fallen from 55% in 2008 to a little over 35% today, according to the third quarter Lower Manhattan Real Estate Report released today by the Alliance for Downtown New York.

The number of renters in their early 60s jumped 84% between 2006 and 2016, and with more seniors living longer lives, this means developers have upped their games for amenities in senior living communities.

The real estate investment and consulting firm received a $141M loan to develop 15 Laight St. into an office building.

At closing, the venture will acquire an initial portfolio of assets of approximately 6.9 million square feet of operating properties and 371 acres of land from Prologis' balance sheet with a commitment to build out the existing land bank.