Amid shifting demand in New York City’s office sector, SL Green Realty, under the leadership of Chairman and CEO Marc Holliday ’90 MSRED, exceeded Q2 2025 expectations, reporting 91.4% occupancy across its Manhattan portfolio, with 93.2% projected by year’s end. “This is evidence of a very healthy environment,” Holliday said, as leasing activity spreads beyond core corridors. SL Green also raised over $1 billion for its Opportunistic Debt Fund. With 80% of leases under 25,000 square feet, the firm’s momentum reflects larger trends toward diversification and adaptive leasing strategies.

Alpaca Real Estate, co-founded and led by Managing Director Daniel Carr ’11 MSRED, has launched a new $250 million strategy focused on infill logistics properties in high-growth U.S. markets. The first acquisitions, a pair of warehouses in Nashville, were secured in partnership with LRC Properties. Christina Bicks ’23 MSRED, also GSAPP adjunct faculty, supported the deal as a core member of the Alpaca team. A white paper by Alpaca shares their approach, targeting overlooked, multi-tenant industrial assets with long-term value potential, positioning the firm to capitalize on rising demand for urban logistics space near population and distribution hubs.