Manhattan
Gowanus Canal Site Sells, Redevelopment Anticipated
A Manhattan-based developer paid $9.5 million for a patch of land near the Gowanus Canal in Brooklyn’s Boerum Hill neighborhood.… Read more
Architecture Prize for Bloomberg Center
The first building of a new $2 billion technology campus for Cornell University on Roosevelt Island won one of 12… Read more
Federal Investigation into Real Estate Money Laundering
The new condominiums on West 57th Street are so expensive, the area has earned the nickname “Billionaire’s Row.” These billionaires… Read more
Avon Calling . . . With a 90K-SF Lease
Avon is the latest tenant to sign a big lease in Downtown Manhattan. The cosmetics company will move its corporate… Read more
Breathe Deep: Alo Yoga Coming to Flatiron
Alo Yoga leased the entire four-story retail and office building in Manhattan’s Flatiron neighborhood for its New York flagship store.… Read more
Living Rent Free in Brooklyn
In Brooklyn, landlords offered concessions on more apartments than ever before in January 2017. More than 18% of apartment listings… Read more
Vornado: Confidence in NYC “Never Greater”
Vornado Realty Trust is still bullish on New York City, citing Federal policy, infrastructure projects and the low crime rate, even… Read more
Flagship Furniture Store Takes Down Townhome Space
Modani Furniture leased 9,876 square feet at a townhouse in Midtown Manhattan. The modern furniture company will fill all five… Read more
Mastro’s Steakhouse Breaks Ground on First Texas Location
Mastro’s Steakhouse began construction on a 10,000 square-foot location in the Galleria submarket of Houston. The restaurant, at 1540 W.… Read more
Hudson Yards Leader Launches New Division
Real estate investors can now obtain loans starting at $25 million from Moinian Capital Partners, a new division of Moinian… Read more
Experience Retail Wins in Meatpacking District
Two of the strongest retail corridors in Manhattan are nestled in the Meatpacking District. The neighborhood is a hub for… Read more
Elisabeth Post-Marner Joins Spacesmith
Architect Elisabeth Post-Marner is the newest principal to join Spacesmith, an architecture firm based in downtown Manhattan specializing in corporate headquarters,… Read more
Mixed-Use Sells for $12M
An undisclosed investor paid $11.5 million for a 10,500-square-foot building in Manhattan’s Tribeca neighborhood. The sale works out to a… Read more
Developers Buy Less, Pay More in 2016
Real estate developers continued paying top dollar for Manhattan land on which to build in 2016. This, despite the fact that the… Read more
Northern NJ Effective Rents Forecast to Rise 5%-Plus
Most of the 7,000 new apartments that open in Northern New Jersey in 2017 will be in Jersey City. “Leasing… Read more
30K New Apartment Units for NYC
Developers are expected to open 30,000 new, rental apartments in New York City this year, mostly in Brooklyn and Manhattan.… Read more
Resale Home Prices up 9% in Upper Manhattan
Home prices and apartment rents grew most quickly in Upper Manhattan neighborhoods like Harlem and Inwood last year — 8.8% year-over-year… Read more
421-a: A Waste of Money?
New York’s biggest tax break — the 421-a program for real estate — wasted more than $1 billion over 10… Read more
Downtown Will Be Flooded – With Office Space
Large blocks of new office space, such as Three World Trade Center, are expected to push the percentage of vacancy… Read more