Manhattan
Brookfield Launches Second Manhattan West Tower on Spec
Brookfield Properties is proceeding on a second Manhattan West office tower with no pre-leasing, Crain’s New York Business reported. The… Read more
NYC Construction May Have Finally Peaked
Construction activity has leveled off following New York’s historic development boom, according to the city’s Department of Buildings. DOB issued… Read more
One Hedge Fund Billionaire’s Home-Price Record Shatters Another’s
A $100-million home? That’s pretty quaint, if you’re Citadel’s Ken Griffin. The hedge fund billionaire has reportedly broken the U.S.… Read more
Downtown Sees Best Leasing Quarter Since 2011
The fourth quarter was Downtown Manhattan’s best for office leasing since Q2 2011, CBRE said Wednesday. More than one-third of… Read more
Spirit Bascom Makes 2nd Hoboken Buy in 6 Months
Spirit Bascom Ventures, a partnership between Stamford, CT-based Spirit Investment Partners and Irvine, CA-based The Bascom Group, has acquired a 30-unit apartment… Read more
Knotel Takes 4 Floors at RXR’s 61 Broadway
Knotel has expanded its Lower Manhattan footprint, signing a lease for 60,323 square feet at RXR’s 61 Broadway. The new lease… Read more
FIRE Tenants Drive Q4 Leasing Surge
The FIRE (financial, insurance, real estate) sector drove a fourth-quarter surge in Manhattan office leasing, Transwestern says. Q4’s leasing activity… Read more
Upper East Side Townhouse Market Sees Volume Drop
The Upper East Side’s loss is Downtown’s gain. Stribling & Associates’ report on the townhouse market in the second half… Read more
The Crowded, Competitive Co-Working Sector
Mention the term co-working, and the first thought that might come to mind is WeWork. However, dig beneath the news… Read more
Triple-Digit Office Rents Broaden Their Base
Manhattan’s $100-plus club—office leases with starting rents of $100 or more per square foot—grew larger last year. JLL reported that… Read more
Chase’s Kurt Stuart: NY Multifamily Outlook, Lending Perspective and Technology Impact
By Dennis Kaiser Connect Media recently got together with Kurt Stuart, area manager for the Northeast Region, including New York,… Read more
“The Year of Very Large Leases”
With 11 deals greater than 250,000 square feet in Manhattan over the past 12 months, “This was the year of… Read more
Bronx Leads the Boroughs in Resi Price Gains
The Bronx led the boroughs for residential price gains in the fourth quarter of 2018, with a 12% year-over-year increase,… Read more
Iconic Chrysler Building Goes on the Market
The iconic Chrysler Building, the world’s tallest building for 11 months in 1930, is up for sale. A CBRE spokesman… Read more
JLL Arranges LoanCore Debt for 3-Building Deal
JLL has arranged a $95-million loan for the acquisition and repositioning of three Manhattan office buildings by East End Capital… Read more
Turnbridge Buys South Bronx Site for Industrial Development
Manhattan-based Turnbridge Equities has purchased a 10-acre industrial development site in the South Bronx’s Port Morris area for $56.2 million,… Read more
The Billion Dollar Club: 2018’s Most Expensive Healthcare Development Projects
In 2018, 12 hospitals and health systems announced or unveiled facility expansions and renovations with price tags of $1 billion… Read more
Financial Firm Takes Huge Space at Former Citigroup HQ
Boston Properties (BXP) has signed a long-term lease for more than 300,000 square feet with Millennium Management at 399 Park… Read more
Blue Man Group’s Studio Trades in Manhattan’s First OZ Deal
Blue Man Group’s studio at 48 Clinton St. on the Lower East Side has traded for $5.4 million, or $988… Read more