Manhattan
Manhattan Office Leasing Posts Strongest Month Since Pre-Pandemic
The rise of the delta variant notwithstanding, Manhattan office leasing activity increased for the fourth consecutive month, with 2.45 million square feet leased, Colliers’ Franklin Wallach reported. This… Read more
P.F. Chang’s Adds Fifth Manhattan Location for Off-Premise Dining
Newmark Retail arranged a 2,230-square-foot lease at 885 Eighth Ave. for the newest P.F. Chang’s To Go. This marks the fifth such lease in the city in the past 18 months as P.F. Chang’s expands its off-premise dining concept throughout the country. Vice chairman Ariel Schuster and associate director Mitch Heifetz represented P.F. Chang’s in this… Read more
CBRE Sees Leading Office Markets in Recovery Mode
Activity in the 12 largest U.S. office markets indicates that many have started their recovery from the pandemic-induced downturn, according… Read more
Multifamily Investment Manager Moves to Rudin Tower
JLL has completed a 6,306-square-foot lease for Limekiln Real Estate Investment Management, LP, for the partial 41st floor at 41… Read more
MTA Schedules 13 Public Outreach Sessions on Congestion Pricing
The Metropolitan Transportation Authority (MTA), New York State Department of Transportation and New York City Department of Transportation will hold 13… Read more
JLL Team Closes $46M Bulk Condo Sale on Upper West Side
JLL Capital Markets has closed the $45.625-million bulk sale of 111 condominium units at 100 W. 93rd St., a 280-unit,… Read more
PFNYC Survey: Vaccinations Will Be Required for Onsite Office Employees
Fifty-eight percent of Manhattan employers that disclosed vaccination policies plan to require that all onsite employees are vaccinated for COVID-19 and 44% plan to require that all… Read more
Amazon Reportedly Eyes Manhattan West Sublease
Amazon is in talks to sublease offices at Brookfield’s Manhattan West complex from JPMorgan Chase, Bloomberg reported, citing people familiar with the matter. The retailer is looking… Read more
MTA, NY City and State Receive Federal Go-Ahead on Impact Study of Congestion Pricing Plan
Nearly two-and-a-half years after the New York State Legislature authorized a congestion pricing plan for Midtown Manhattan, the Metropolitan Transportation Authority (MTA) and the city and state… Read more
Marcus & Millichap Arranges $45M Sale of Two Shopping Centers in Massachusetts
Marcus & Millichap has arranged the sale of two shopping centers in Massachusetts totaling $44.5 million. The properties are the… Read more
JLL Arranges UWS Relocation for Shefa School
JLL represented the Shefa School in a full-building relocation to approximately 75,000 square feet at 17 W. 60th St. on Manhattan’s Upper West Side. The Shefa School is a… Read more
Manhattan Office Condo Pricing Hits Five-Year Low
Pricing on Manhattan office condominiums hit the lowest levels in five years in the first half of 2021, Rudder Property Group (RPG) reported… Read more
Hilton Grand Vacations Opens Fifth Manhattan Timeshare Property
Hilton Grand Vacations opened its fifth Manhattan timeshare property, The Central at 5th by Hilton Club. The ground-up 33-story building is located on East… Read more
WeWork, Hudson’s Bay Will Bring Co-Working Spaces to Retail Stores
WeWork is partnering with Saks Fifth Avenue owner Hudson’s Bay Co. to open co-working spaces in current and former Saks retail stores,… Read more
CBRE Global Investors Closes Its Largest Value-Add Fund at $2.3B
CBRE Global Investors, headquartered in Manhattan, said Tuesday it had reached the final close of CBRE Strategic Partners U.S. Value 9, L.P. At $2.3 billion,… Read more
Gazit Horizons Closes $134M Financing on Upper East Side Home Depot
Gazit-Globe subsidiary Gazit Horizons has entered into a $134.4-million Credit Term Lease (CTL) bond financing for 410 E. 61st St. on Manhattan’s Upper East Side. The 120,000-square-foot property was leased last… Read more
Manhattan Office Sector Rebounds, Yet Headwinds Remain
Office market leasing in Manhattan is showing clear signs of breaking out of the pandemic shutdown, according to reports from Colliers… Read more
$46M Share Placement Positions essensys for Expansion
essensys, the global provider of software and technology to the flexible workspace industry with U.S. headquarters in Midtown Manhattan, has raised $46 million… Read more
Trading Apps? There’s an Office Space for That
We’ve heard a great deal about the mushrooming popularity of e-commerce and Zoom calls as the pandemic forced people to… Read more