Manhattan
Far West Development Parcel Trades for $6.6M
A development opportunity on Manhattan’s Far West Side has traded for $6.6 million. Marcus & Millichap’s John J. Stewart, James… Read more
Empire State is King of Commercial Property Taxes
New York State continues to be property tax central for commercial real estate, according to CommercialCafe’s ranking. Seventy-eight of the… Read more
Downtown is Home to Highest-Taxed Office Properties Outside NYC
While New York City contains the nation’s highest-taxed office properties, once you leave Manhattan’s glass canyons you’ll find the rankings… Read more
Connect Bay Area: Buy, Build, Lease, Sell, Hold?
By Dennis Kaiser Connect Bay Area pointed a spotlight on one of the nation’s most complex and active markets. Our… Read more
German Investor Takes Down Manhattan Tower for $333M
Atlanta-based Columbia Property Trust, Inc. divested 222 East 41st Street in Midtown Manhattan to Commerz Real, real assets investment manager of… Read more
ICSC MAXI Awards Fete Retail Excellence
The winners of ICSC’s 2018 MAXI Awards were honored this week at the annual RECon retail real estate convention in… Read more
40 Exchange Place Garners $100M Refi
GFP Real Estate and Northwind Group have closed on $100 million in refinancing for 40 Exchange Place, a 20-story, 300,000-square-foot… Read more
Peloton Joining Manhattan West Tenant Roster with Flagship Studio
Indoor-cycling leader Peloton will build a 35,000-square-foot flagship location at Brookfield’s Manhattan West development. Expected to open in fall 2019,… Read more
Flex Office Space is Manhattan’s Growth Leader
Notwithstanding transactions such as Convene’s 93,000-square-foot deal at Brookfield’s One Liberty Plaza, flexible space represents just 2.5% of Manhattan office… Read more
18 Retail Deals Vie for REBNY Honors
The Real Estate Board of New York has announced the 18 finalists for its annual Retail Deal of the Year… Read more
Chicago’s CBD is Poised for Greater Density
Chicago lands at about the midpoint in CommercialCafe’s ranking of the top 25 cities for infill potential. With 16.8 acres… Read more
Bronx Leads in Volume Metric Gains for Apartment Sales
Connect Apartments is coming up on June 26th in Los Angeles. Here’s a link to find out more about the… Read more
Upper Manhattan Empowerment Zone Picks New CEO from the Ranks
The Upper Manhattan Empowerment Zone will be led by a longtime mainstay of the organization, effective July 1. Blair M.… Read more
Cash-flowing Yorkville Multifamily Fetches $9.3M
A Cushman & Wakefield team has arranged the sale of a five-story apartment building at 309 E 92nd St. to… Read more
Fifth Ave. Retail Rents Up, But Most Corridors Down Y-O-Y
Manhattan’s highest-priced retail corridor, upper Fifth Avenue between 49th and 59th streets, enjoyed a healthy 17% year-over-year increase in ground-floor… Read more
Locating Late Stage Hold Assets Key for CRE Investors
Investors trying to place capital today are often faced with a common dilemma: where’s the available real estate stock? There’s… Read more
Pembrook Closes on 1st Mortgage for Yorkville Resi Development
Pembrook Capital Management has closed on a $32.75-million first mortgage loan to finance a condominium project within a carefully-restored Beaux… Read more
Sales of Houses, Condos in Double-Digit Drops Citywide
New York City residential sales, including both one-to-three-bedroom family homes and condominiums/co-ops, have seen three consecutive quarters of year-over-year declines,… Read more
NW Queens Apartment Rents Take a Hit as Concessions Hit New High
Thanks to rising landlord concessions, northwest Queens’ median net effective apartment rents slipped by 11.7% for the 12 months that… Read more