Manhattan
Convene Reveals New Midtown Meeting Space
Convene, a hospitality company, has introduced “Venue 42 by Convene,” a new meeting and conference center at 5 Times Square… Read more
Boston Leads US in Office Space Under Construction
The U.S. office market is experiencing changes in construction activity, with around 97 million square feet of office space in… Read more
Manhattan Investment Sales Total $11B in ’23
Manhattan witnessed a significant decline in investment property sales, recording $11.1 billion in 2023, marking a 45% drop from 2022… Read more
CMBS Delinquencies Rise Nearly 10% in January
The delinquency rate among U.S. CMBS climbed meaningfully in January from December, rising almost 10% to 4.61%, Kroll Bond Rating… Read more
Manhattan Office Visitations Up to 67% of Pre-Pandemic Levels
Manhattan office buildings in December 2023 had an average visitation rate of 67% of pre-pandemic levels, representing a monthly increase… Read more
Del Frisco Extends Rock Center Lease for 20 Years
Rockefeller Group has announced that Del Frisco’s Double Eagle Steakhouse has renewed its lease for an additional 20 years at… Read more
Green Energy-Related Leasing Accelerates in Manhattan
Energy-related leasing in New York City is growing as the state commits over $55 billion to source 70% of its… Read more
Manhattan Avg Resi Rental Price Down 1.6%
Manhattan’s average rental price declined by 1.56% to $4,617 in the last month of 2023, according to MNS’ NYC rental reports.… Read more
RXR, Ares Launch $1B Fund to Buy Distressed Manhattan Office
RXR Realty and Ares Management are partnering on a $1-billion fund to acquire distressed Manhattan office properties, the Financial Times… Read more
L&L Appoints Jonathan Tootell EVP of Leasing
L&L Holding Company has named Jonathan Tootell as executive vice president of Leasing, overseeing the leasing efforts across the firm’s… Read more
LA Tops Manhattan for Coworking Spaces
With 268 coworking spaces as of the fourth quarter of 2023, Los Angeles now leads the national ranking, surpassing Manhattan by… Read more
Midtown South Sees Most New Construction in Second Half of ’23
In the second half of 2023, Manhattan’s office market saw robust leasing activity in post-2010 new construction, totaling 0.71 million… Read more
Manhattan Retail Rents Up for Sixth Consecutive Quarter
Manhattan’s retail market finished on a stronger note in 2023, driven by revived international tourism and robust luxury goods demand,… Read more
DMT Provides $41M for BK Apartment Building
Dwight Mortgage Trust (DMT), affiliated with Dwight Capital, has extended $41.2 million in bridge financing to Bruklyn Builders Inc. for… Read more
Manhattan Office Leasing Sees Highest Volume Since Q3 2022
Manhattan’s office leasing surged by 26.7% to reach 8.23 million square feet, according to Colliers’ most recent quarterly report. This… Read more
BOMA NY Leadership Forum: State of the CRE Market, National and NYC
A Special Report from The Experts at Cushman & Wakefield At a BOMA NY hosted leadership forum, experts from Cushman… Read more
Skanska Completes First Phase of East River Greenway Project
Skanska has closed the initial phase of the East Midtown Waterfront Esplanade and East River Greenway development in Manhattan, marking… Read more