Manhattan
Amazon Subleases 193K SF of Office at 237 Park Ave.
Amazon has inked its third Manhattan office lease since November, the New York Business Journal reported. The latest deal is… Read more
5 Penn Plaza Continues Leasing Momentum with Two New Deals
JLL arranged an additional 19,000 square feet of office leases at 5 Penn Plaza as the repositioned Midtown Manhattan office… Read more
Midtown Manhattan Office Duo Trades at Steep Discount in Short Sale
A pair of century-old Midtown Manhattan office buildings are trading at a steep discount as lenders look to cut their… Read more
Silverstein Properties Unveils Frank Gehry Sculpture at 3 World Trade Center
Silverstein Properties unveiled a specially commissioned new sculpture by acclaimed architect and artist Frank Gehry in the lobby of 3… Read more
NY State Issues RFP for Hell’s Kitchen Parcel Near Intrepid Museum
New York Gov. Kathy Hochul on Friday announced a Request for Proposals for the redevelopment of 621 W. 45th St.,… Read more
NYC Leads in Multifamily Conduit CMBS Distress
As New York City led in 2024 CMBS conduit issuance for multifamily properties, so it is also leading an increase… Read more
Manhattan Retail Corridors Show Leasing Strength; Rent Growth is Subdued
Manhattan retail activity in the second half of 2024 was bolstered by a strong jobs market, near-record tourism and steady… Read more
750 Lexington Team Completes 50K SF of Leases
Bradford Allen has completed 50,000 square feet of new leases at 750 Lexington Ave. in Midtown Manhattan’s Plaza District. Glenn Isaacson, the firm’s New… Read more
White House Moves to Quash Congestion Pricing
Following reports that President Trump wanted to shut down the congestion pricing program that took effect last month as the… Read more
Walker & Dunlop Arranges $158M for Turtle Bay Condo Project
Walker & Dunlop has arranged a $158-million construction loan for the development of 401 E. 51st St., a condominium project located in Manhattan’s Turtle Bay neighborhood. The… Read more
Cannon Hill Recapitalizes 888 Broadway for Reported $200M
Cannon Hill Capital Partners has completed a $200-million recapitalization of 888 Broadway, with the addition of Global Holdings and Williams… Read more
Fisher Brothers, Alaska Permanent Fund Secure $500M Refi for 299 Park Ave.
Fisher Brothers and Alaska Permanent Fund Corporation completed a $500-million refinancing of 299 Park Ave. provided by Citi Group and JPMorgan. The 1.17-million-square-foot… Read more
Former Apthorp Motor Car Garage Trades on Upper West Side
RIPCO Real Estate closed the sale of the former Apthorp Motor Car Company garage, located in Manhattan’s Upper West Side, for… Read more
Ivanhoé Cambridge, Hines Score $1.1B Refi for 3 Bryant Park
JLL’s Capital Markets group arranged a $1.125-billion refinancing for 3 Bryant Park, a 1.2-million square-foot, trophy office tower located in Midtown… Read more
Newmark Arranges Three Leases at Midtown’s Martin Building
Newmark recently arranged three new office leases on behalf of ownership at 19 W. 34th St., The Martin Building, in… Read more
NYC Now Leads U.S. in Office-to-Apartment Conversion Plans
The New York City metro area now leads the U.S. in its pipeline of planned office-to-residential conversions, taking the top… Read more