Manhattan
New Yorkers Sign Fewer New Development Contracts in Q3
In Manhattan, 241 new development contracts were signed in Q3 2023, down 40 percent from Q2 2023 and down 30… Read more
40 Exchange Place Renews Three Leases
GFP Real Estate has secured three lease renewals totaling 12,385 square feet at 40 Exchange Place in Manhattan’s Financial District. … Read more
ALUR Walls Relocates Showroom to 150 Broadway
ALUR Walls, a manufacturer of demountable glass wall systems, is relocating its New York showroom from midtown Manhattan to 150… Read more
Manhattan Office Leasing: More Sublease Shrinkage in Q3
In Q3 2023, Manhattan commercial real estate leasing activity reached 4.2 million square feet, declining by 18% from Q2 2023… Read more
Manhattan Office Recovery Outpaces Nation, Yet Lighter Foot Traffic Has Taken Toll
Amid the ongoing debate about remote work, occupiers are employing more intricate blends of carrots and sticks to lure workers back… Read more
Xin Development Faces Foreclosure on Midtown Condo
Xin Development Group International, the United States development arm of China’s Xinyuan Real Estate, is confronting foreclosure issues in Manhattan,… Read more
North Jersey Emerges as Northeast’s Most Competitive Rental Market
Manhattan has rejoined the top competitive markets for the first time since the pandemic, while Brooklyn continues to have a… Read more
Manhattan Office Visitation Rates Surge Highest Since ‘20
Manhattan office building has revealed a significant uptick in building visitation rates across all building classes in Q2 2023, marking… Read more
Jay Group Secures $92M on Inwood Resi Tower
The Jay Group has secured $92 million in construction financing for its upcoming multifamily development in Inwood, northern Manhattan. BHI… Read more
Return to Lender: Week of Sept. 21, 2023
As part of our expanded coverage of distressed assets, Connect CRE is introducing a new weekly feature, “Return to Lender.”… Read more
Northwind Provides $35M for Carmel Towers in Newark
Northwind Group, a real estate private equity firm and debt fund manager based in Manhattan, has provided a $35 million… Read more
Genius Sports Leases Space in Midtown
Genius Sports, one of the world’s largest sports tech companies, has leased the entire 26th floor of 825 Third Avenue… Read more
JLL Taps David Carlos and Colleagues From Savills
JLL has appointed David Carlos as vice chairman and head of nonprofit, education, and government practice. He will be joined… Read more
Tower Research Capital Inks 122K SF at 120 Broadway
Trading and tech firm Tower Research Capital is relocating its global headquarters to 120 Broadway in downtown Manhattan. The firm… Read more
New York is America’s #1 Builder in 2023
2023 is expected to be a record-breaking year for NY construction, with developers planning to introduce 460,860 rental units by… Read more
Manhattan August Office Leasing Volume Tops 2.5M-SF
In August 2023, Manhattan’s office leasing volume reached 2.54 million square feet., marking four consecutive months of growth, notably boosted… Read more
Big Apple Still Leads Coworking Scene
Manhattan remains at the forefront of the coworking scene, boasting 305 coworking spaces, indicating a 5% growth in Q2. According… Read more