Manhattan
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
Lena’s Signs Lease, Tastes Success
There is literally no place to sit at Lena’s Italian Kitchen in Manhattan’s Kip’s Bay neighborhood. The new restaurant offers… Read more
75 Sales at Fifteen Hudson Yards
Condominiums are selling faster at Fifteen Hudson Yards than at any other new development in Manhattan. Since beginning in mid-September,… Read more
Developers Face the Neighborhood in Two Bridges
High-rise developers once again faced highly-skeptical residents of Manhattan’s Two Bridges neighborhood last week. The four developers, JDS, L+M Development… Read more
More Homes, Fewer Sales, Lower Prices in Financial District
A lot of homes came up for sale in the Financial District of Manhattan and Battery Park in Q4 2016,… Read more
Midtown Office Leads for Leasing
Midtown was the leading neighborhood in Manhattan for new leases on office space in 2016. In all of Manhattan, office… Read more
$17M for Soho Loft Building
The owners of 460 Broome Street sold their historic commercial loft building in Manhattan’s SoHo Historic District for $17.3 million… Read more
3% Cap Rate for Astoria Apartments
A private buyer paid $11 million for two apartment buildings in the Astoria neighborhood of Queens, NY. That works out… Read more
$63M for Apartments in Inwood
A private real estate investor paid $63.6 million for a portfolio of apartment buildings in Manhattan’s Inwood section. The Inwood… Read more
More Sales, (Slightly) Lower Prices Downtown
Homebuyers bought more apartments Downtown at higher prices than any other submarket in Manhattan in Q4 2016. Buyers closed on… Read more
Modular Hotel Rises in Bowery
Did you hear the news? Connect Daily New York hits inboxes on 1.23.2017. Want in on all the latest CRE… Read more
Fast Sales, High Prices at 70 Vestry
More than half of the 48 condominiums are under contract at Related Companies’ new condominium tower at 70 Vestry Street… Read more
Financing for Another Moxy
Bank of the Ozarks provided the financing for the latest Moxy Hotel planned for Manhattan. Lightstone, a national real estate… Read more
Big Zoning Changes in 2017
In neighborhoods across the New York City, Mayor Bill de Blasio plans to make big changes to the rules that… Read more
$102M for Manhattan Value-Add
Mesa West Capital lent $102 million to help investors buy and upgrade a 15-story office building in Manhattan. A partnership… Read more