Manhattan
Manhattan Office Tenants Expect 50% Occupancy by End of Q1
Sixty-one percent of office-using New York City employers expect average daily attendance in their Manhattan offices will exceed 50% by… Read more
Manhattan Retail Leasing Gains, but Rents Continue Decline
The Manhattan retail market showed signs of improvement in the fourth quarter of 2021, CBRE reported, notwithstanding supply-chain disruptions and… Read more
RFR Signs Western Alliance, Clifwater at 477 Madison
RFR has added two new tenants at its newly renovated 477 Madison Ave. boutique office building in Midtown Manhattan. Western Alliance Bank has… Read more
Manhattan Apartment Rents Exceed Pre-Pandemic High for the First Time
Manhattan’s net effective median apartment rents rose to $3,392 per month in December, surpassing pre-pandemic levels for the first time and representing the… Read more
Design Firm Mancini Duffy Recommits to Manhattan
JLL has completed a long-term lease at 520 Eighth Ave. in Midtown on behalf of design firm Mancini Duffy. The tenant signed a 12,000-square-foot… Read more
Manhattan Investment Sales Rebound to Pre-Pandemic Levels
Manhattan investment sales achieved quarterly activity at pre-pandemic levels for the first time in two years, according to the fourth-quarter report from… Read more
RXR’s New Rochelle Resi Tower Launches Leasing
RXR launched leasing at One Clinton Park, a ground-up, 352-unit, 28-story mixed-use tower in downtown New Rochelle, NY, where RXR is master… Read more
High-End Office Leases Reach New High in Manhattan
The flight-to-quality trend has given a boost to high-end office space in Manhattan, report CBRE’s Nicole LaRusso, Michael Slattery and Jared… Read more
Avison Young, UiPath Partner on Enterprise Automation
Avison Young and UiPath, a Midtown Manhattan-based enterprise automation software company, have formed a partnership in which Avison Young will deploy UiPath enterprise automation software to… Read more
Meridian Team Handles Kips Bay Sale on Compressed Timeline
Meridian’s Amit Doshi, Shallini Mehra and David Schechtman closed on the sale of 212 E. 29th St., a five-story, mixed-use walkup in Manhattan’s Kips Bay neighborhood. The property sold… Read more
Rudin Management Taps First-Ever Chief Legal Officer
Andrew Migdon has officially assumed the role of EVP and the first-ever chief legal officer at Rudin Management Company. In the newly created position, he will be responsible for the legal affairs… Read more
Rockledge Partnership Acquires Washington Heights Trio
In partnership with Peter Hungerford of PH Realty Capital and Yoni Leifer of L3C Capital Partners, David Kaye and Joe Listhaus of Rockledge… Read more
Manhattan Powers Ahead in Return-to-Office Rate
Manhattan office visitor volumes continued an upward trajectory in the fourth quarter, with Manhattan ranking #2 among U.S. gateway cities, second… Read more
CMBS Delinquencies Increase for First Time Since Mid-2020
Two contradictory views of CMBS performance during December 2021 came from Trepp and Fitch Ratings late last week. Trepp said… Read more
Extell Tops 100-Unit Sales Mark at Two Resi Towers in 2021
Extell Development Company said Wednesday that two of its largest residential developments, One Manhattan Square on Manhattan’s Lower East Side and Brooklyn Point in… Read more
Drake Real Estate Exceeds $350M Target with Fourth Fund
Drake Real Estate Partners, a real estate investment and asset manager headquartered in Midtown Manhattan, closed its fourth flagship fund, Drake Real Estate… Read more
Touro College Will Establish New Campus at 3 Times Square
Touro College and University System, one of the nation’s leading nonprofit institutions of higher and professional education under Jewish auspices,… Read more
Manhattan Office Posts Best Quarter in Two Years
Manhattan office leasing finished 2021 strong, according to fourth-quarter reports from Newmark and Colliers. Newmark said the Q4 total was 29.8% above… Read more
Empire State Development Rescinds RFP for Parcel Near Javits Center
Empire State Development has rescinded its request for proposals to develop Site K near the Jacob J. Javits Convention Center,… Read more