Manhattan
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
Bayport Funding Provides $4M for Queens Mixed-Use Development
Bayport Funding has provided a $4 million acquisition and construction loan to facilitate the development of a four-story mixed-use building… Read more
Bronx Ranked in US Top 10 for Rental Demand
Rental trends are reshaping as overlooked areas like The Bronx rise in popularity due to high home prices and peak… Read more
Chiropractor Signs 10-year Lease in NoMad
Prestige Health & Wellness, a Manhattan chiropractor, has secured a 10-year lease for 6,500 square feet at 31 East 32nd… Read more
ASIC to Sell Former Hit Factory
American Strategic Investment has entered into a definitive purchase and sale agreement to divest its property located at 421 W.… Read more
WeWork Sends Distress Signal Raises Doubts in Earnings
WeWork has issued a warning about its future viability due to financial losses and the need for cash. The company… Read more
Lockhill Properties Buys Two-Building East Village Package for $11M
Lockhill Properties has acquired two adjoining, five-story, walk-up buildings in Manhattan’s East Village. The properties, mainly free-market, were sold for… Read more