Manhattan
Manhattan Office Visits Reach Highest Level Since Pre-Pandemic
The latest monthly office use report from the Real Estate Board of New York (REBNY) found that Manhattan office buildings… Read more
Pura Vida Miami Coming to Brooklyn for Second NYC Location
Rubenstein Partners’ 25 Kent, a mixed-use office, retail, and light manufacturing building located in Williamsburg, Brooklyn, signed a 10-year, 4,089-square-foot lease with Pura Vida Miami, a… Read more
Ares, Douglaston Score $560M Refi on Luxury West Side Apartment Tower
Newmark Group and Greystone Capital Advisors arranged $560 million in floating-rate debt on behalf of Ares Management and Douglaston Development for 3ELEVEN,… Read more
Northwind Provides $95M Acquisition Loan for FiDi Office Tower
Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, provided a $95-million senior mortgage acquisition loan secured by 100… Read more
Manhattan Investment Sales on the Rise, Led by Retail Sector
Investment sales in Manhattan rose to $5.8 billion over 167 transactions in the first half of 2024, an increase of… Read more
NYC Multifamily Sales Post 108% Quarterly Rise in Dollar Volume
New York City saw robust activity in the multifamily market in the second quarter of 2024 with dollar volume exceeding… Read more
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
