Manhattan
Rents Down for Manhattan Retail: New Research from CBRE
Retail rents fell in 2017 — a lot. Average aggregate asking rents shrank 18.4% across the 16 main retail corridors… Read more
First Renderings of the Replacement for the Sunshine Cinemas
Demolition will begin by March at the Sunshine Cinemas, built in 1917 in Manhattan’s Lowest East Side. The first renderings… Read more
$460K-Per-Apartment for Affordable Housing in Manhattan Valley
A private real estate investment firm paid $27.6 million for two elevator buildings with 60 apartments at 4-18 W. 107th… Read more
DTLA Resembles Manhattan: Too Many Apartments
More than 4,000 new apartments are forecast to deliver to the Los Angeles market in Q1 2018, according to research… Read more
Worst Cities in U.S. for Falling Apartment Rents Include Manhattan, Brooklyn
The five places where apartment rents fell the most in 2017 include Manhattan and Brooklyn, where in both markets, rents… Read moreThe Surprising Strength of NYC: Insights from the REBNY Banquet (Video)
The strong demand for office space in Manhattan in 2017 surprised many experts at the 122nd Real Estate Board of… Read more
New Leases and Renovations Lead to $73M Refi
ATCO Properties & Management borrowed $72.75 million from MetLife Investment Management to refinance 240-246 W. 35th St., an office property… Read more
10-Year Interest-Only Loan for 64 Wooster St
Zar Properties borrowed $48 million from Citi Real Estate Funding to refinance 64 Wooster St., a boutique office building in… Read more
$200-Per-SF for Midtown East Restaurant Space
It took just two weeks to arrange the 15-year lease for a new upscale Kosher restaurant by star Chef Josh… Read more
Medical Complex Rehabbed to 205 Apartments at 30 Morningside Dr.
Delshah Capital has borrowed $130 million from Square Mile Capital Management to finance the conversion of a five-building medical facility… Read more
Top Midtown Office Lease Revealed: New Research from JLL
Companies can’t get enough of the Class-A office space in Midtown Manhattan — 24 of the top 26 office leases… Read more
Companies Lease 7M-SF of Manhattan Office Space: CBRE
Companies leased 7 million square feet of office space in Manhattan in the fourth quarter of 2017. That’s 10% higher… Read more
New Owners Plan Gut Rehabs at 30 & 32 Howard St.
K Property Group (KPG) and Intercontinental Real Estate Corporation have purchased 30 Howard St. and 32 Howard St., two five-story… Read more
City’s Cancels $10M in Tax Breaks as Aetna Waffles on Manhattan Move
City officials have cancelled the $9.6 million package of incentives offered to Aetna in exchange for moving its headquarters to… Read more
Pokebab Pays $375-per-SF to Move to the Upper West Side
Pokebab, a fast casual restaurant specializing in poké bowls, burritos and salads, has leased a 952-square-foot space at 2047 Broadway… Read more
Law Firm Renews for 251K-SF at the Black Rock Building
Good news for the Midtown landmark known as the the Black Rock Building for it dark granite facade: The law… Read more
Café Metro Leases 5K SF in Midtown
Café Metro signed a 12-year lease for the 5,181 square feet of retail space at 240-246 W. 35th St., an 18-story… Read more
New York Proton Center Nears Completion in East Harlem
Workers are beginning the final installation of proton beam equipment at New York Proton Center (NYPC), which will provide advanced… Read more