Manhattan
Avison Young Team Lists Midtown Offices as Development Opportunity
Avison Young has listed an office property at 4 W. 43rd St. off Fifth Avenue in Midtown Manhattan on behalf of… Read more
Prime Office Rents Surpass Class A by More Than 30% Globally
Rents for prime office space–the uppermost tier of Class A, typically with rents in the top 5% to 10%–now average… Read more
Fitness Studio Renews Flatiron District Lease with Moinian
The Moinian Group has signed a 3,000-square-foot lease renewal with Bodyrok, a Pilates-inspired strength training and fitness studio at 10 West… Read more
Manhattan Retail Demand Strengthens, Yet Challenges Remain
Average asking rents increased year over year in 10 of 16 of Manhattan’s major retail corridors, the Real Estate Board… Read more
Howard Hughes Board Authorizes Spinoff of Seaport Entertainment
Howard Hughes Holdings Inc. (HHH) said its board of directors has authorized the spinoff of Seaport Entertainment Group Inc. with… Read more
Atlas Capital Lands Nearly $1B Loan for Riverfront Apartment Project
Atlas Capital Group secured a $985-million construction loan to build two Lower Manhattan apartment towers at 80 Clarkson St. which… Read more
Just What IS the Best-Performing Retail?
This is the third in a five-part series about the commercial real estate retail sector. The first two articles, “Understanding… Read more
SL Green Closes on $691M of Office, Retail Sales
SL Green Realty Corp. said it closed on the sale of three properties in Manhattan and Rockland County totaling $691.4… Read more
JPMorgan Goes Under Contract for Tower Near Its New HQ
JPMorgan Chase & Co. is under contract to acquire a Midtown Manhattan office property near its new headquarters at 270 Park… Read more
New Retailers Drive Manhattan Leasing Amid Rent Increases
Manhattan’s retail market saw average asking rents rise to $716 per square foot, a 4% increase from the previous quarter,… Read more
Hobby Lobby to Open First Manhattan Store in Tribeca
Hobby Lobby has signed a lease for its first Manhattan store, occupying 70,716 square feet on the second floor of… Read more
Valuation Declines on Distressed Properties Now Average 43%
Valuations on distressed properties as of midyear 2024 have declined an average of 43% from their original issuance, CRED iQ… Read more
Manhattan Office Market Rebounds in Q2
The office market in Manhattan experienced a rebound in leasing activity to 8.7 million square feet, following a sluggish Q1,… Read more
Manhattan Office Building Visitations Continue to Rise in May
The Real Estate Board of New York (REBNY) released its latest monthly analysis based on Placer.ai location data, covering 350… Read more
Handful of Prime Office Buildings Thrive as Broader Sector Struggles
A small subset of prime office properties is thriving while much of the sector struggles to adapt from high interest rates,… Read more