Manhattan
Howard Hughes Taps SOM as Master Planner for Seaport District
The Howard Hughes Corporation (HHC) has selected Skidmore, Owings & Merrill LLP (SOM) to lead the master-planning process for its Seaport… Read more
Lala Team Brokers Hamilton Heights Portfolio Sale
An RM Friedland team led by SVP Marco Lala, has negotiated the sale of a nine-building portfolio in Northern Manhattan’s… Read more
McCann Stays On at 622 Third with 450K-SF Extension
In one of Manhattan’s largest leasing deals thus far in 2019, Interpublic Group has signed a lease extension at Cohen… Read more
NYC Apartment Rents Notch a Three-Year High
Although it trails well behind top-ranked San Francisco, New York City posted the steepest one-month growth for one-bedroom apartment rents… Read more
Lago Calls on Industry to Counter Anti-Development Bias
Noting that “anti-development sentiment” in New York City is the highest she can remember in a public service career spanning… Read more
JV Acquires Luxury Rentals in Union City
A joint venture of Maya Capital Partners (MCP), Harbor Group International and an international family office has acquired an 80-unit,… Read more
AECOM JV Will Take Lead on Rikers Island Replacement
A joint venture led by AECOM will oversee the city’s first-ever design-build program, which will replace the Rikers Island Correctional… Read more
Amazon in Talks for New York Expansion
Three months after pulling the plug on plans for a major headquarters presence in Long Island City, Amazon reportedly plans… Read more
After Amazon HQ2: N.Y., D.C. Offer Dramatically Different Tale of Two Housing Markets
Participation in the Amazon HQ2 sweepstakes has resulted in dramatically different outcomes for the Arlington, VA and Manhattan, NY housing… Read more
NYC’s Home Sales Market Reverses Months-Long Slide
Pending home sales spiked citywide in April, especially in Manhattan, where they jumped 26.6% year over year, StreetEasy reported. Although… Read more
Port Authority Gets the Ball Rolling on New Bus Terminal
The Port Authority of New York and New Jersey has begun the environmental review process for replacing its Midtown Manhattan… Read more
Rockefeller Group Unveils 45-story Rose Hill Condo Tower
Rockefeller Group’s Rose Hill, a luxury residential tower in Manhattan’s NoMad neighborhood, has commenced sales. Currently under construction at 30… Read more
Comptroller: NYC’s Economy Holds Strong But CRE Softens
New York City’s economy grew 3.0% in the first quarter of 2019, after growth of 3.5% in Q4 2018, according… Read more
Brookfield Will Pilot Zero-Waste Platform at Brookfield Place
Brookfield Properties has agreed to serve as the real estate partner of Loop, a zero-waste packaging platform from TerraCycle. The partnership… Read more
NYC Set for 5M SF of New Retail This Year
For evidence that retail development is alive and well, at least in key markets, look to New York City. Marcus… Read more
Quontic Bank Inks Full-Floor Sublease at Rock Center
Quontic Bank has inked a six-year sublease for 19,799 square feet of office space and will occupy the entire ninth… Read more
Perkins Coie Moves to West Loop with 110 N. Wacker Deal
Law firm firm Perkins Coie has signed a multi-year lease for 100,000 square feet at 110 N. Wacker Dr., the… Read more
Retail Dealmaking Rises in Manhattan as Asking Rents Decline
Average asking rents for available ground floor retail spaces decreased year-over-year from spring 2018 in 12 of the 17 Manhattan… Read more
Downtown Employment Reaches New Peak
Private-sector employment in Lower Manhattan reached an all-time high of 251,224 in the third quarter of 2018, the most recent… Read more