Midtown New York
Manhattan Office Condo Sales Decline by Half in H1 2022
The first half of 2022 saw Manhattan office condominium sales velocity halved with a 53% decrease i...Read more
Mandrake Capital Closes Fund Aimed at CRE Investments with ”Situational Dynamics”
New York-based Park Madison Partners announced the final close of Mandrake Capital Real Estate Fund...Read more
Empire State Building Gets New Amenities, New Leasing Team
Empire State Realty Trust (ESRT) said its Empire State Building will get a tenant-only amenity spac...Read more
Montgomery Street Launches Ground Lease REIT; Acquires Planned Resi Conversion
Montgomery Street Partners (MSP) has formed The Ground Lease REIT (GLR), a dedicated vehicle focuse...Read more
Fintech Firm Expands for Fourth Time at ESRT’s One Grand Central Place
Fintech company iCapital will increase its office space with Empire State Realty Trust for an addit...Read more
M&T Launches CRE Innovation Office, Adds Key Execs in NYC
M&T has launched its new Commercial Real Estate Innovation Office, an integrated team focused o...Read more
Newmark Arranges JV to Acquire Park 53 in Plaza District
Newmark has arranged $175 million in capitalization to facilitate the acquisition and renovation of...Read more
Manhattan Retail Rents Stabilize, But Q2 is “Mixed Bag”
Average asking rents in Manhattan’s 16 prime retail corridors were stable in the second quarter, ...Read more
Berkley Insurance Renewal Seen as Bellwether for Midtown
In what’s seen as a bellwether of recovery for Midtown Manhattan’s office leasing market, ...Read more
Vornado Brings in Chief Sustainability Officer
Vornado Realty Trust has appointed Lauren Brust Moss as the company’s SVP – chief sustainabilit...Read more
MMCC’s Mission Capital Adds Becky Flig as Director
Becky Flig has joined Marcus & Millichap Capital Corporation’s subsidiary Mission Capital Adv...Read more
BOMA New York Names New Executive Director
BOMA New York has hired Lori Raphael as its new executive director. She succeeds Bobbi McGowan, who...Read more
Walker & Dunlop Arranges $754M Financing on Crown Building Hotel and Residential
Walker & Dunlop structured $754,000,000 in financing for Aman New York, a luxury hotel and resi...Read more
Nonprofit NAC Relocates to Redeveloped 825 Seventh Ave.
JLL has arranged a transaction to relocate nonprofit New Alternatives for Children (NAC) to 60,000 ...Read more
Rudin Adds Head of Marketing for Brand and Portfolio
Aisling Gregory has joined Rudin as VP, head of marketing. In the newly established role, Gregory w...Read more
Positive Absorption Erodes Availability Rate for Manhattan Office
Overall positive absorption in Manhattan's office leasing market took the availability rate down 30...Read more
CTC Lease Brings Durst’s One Five One to 97% Occupancy
CTC (Chicago Trading Company) has signed a 15-year lease for 68,339 square feet on the 36th and 37t...Read more
RIPCO Promotes COO Mark Kaplan to President
RIPCO Real Estate LLC has promoted Mark Kaplan to president. Kaplan will also continue to serve as ...Read more
Natixis Provides $97M Financing on Hudson Yards Apartments
Natixis Corporate & Investment Banking (CIB) originated a $97-million, five-year, floating...Read more