Jun 12
Rents rise in Manhattan, drop in Brooklyn
Market News
Manhattan apartment rent hit $3,438 in May, just $13 below its all-time peak. SoHo/TriBeCa neighborhood takes crown as city's most expensive, by far, with median monthly rent of $5,373. CRAIN'S
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Jun 12
Luxury Sales Continue to Bounce Back, Brokers Say
Market News
ATLANTA — Cash buyers, low mortgage rates and rising consumer confidence are among the biggest drivers pushing luxury housing in the U.S., according to luxury real-estate agents at the annual confe WSJ
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Jun 12
Hedge Fund Signs 11,250-Square-Foot Lease Renewal in Noho
Market News
Serengeti Asset Management inked a 5-year, 11,250-square-foot lease renewal at 632 Broadway. Observer
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Jun 12
Landmarks Commission Bummed Out by Boring New 74 Grand
Market News
When the Landmarks Preservation Commission encountered the designs for the Soho Frankenbuilding—the new development trying, with calamitous results, to find some way around its mandate to incorpora Curbed
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Jun 12
NYCHA’s luxury development leasing plan irks pols and housing advocates
Market News
New York City’s plan to lease public land to private developers to build luxury housing has drawn the ire of politicians, neighborhood residents and housing advocates, the Wall Street Journal repor Real Deal
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Jun 12
Signature Bank expands presence at Sapir’s 261 Madison Ave.
Market News
Signature Bank has signed a renewal and expansion deal at 261 Madison Avenue, increasing its presence at the Sapir Organization-owned building to 28,000 square feet, Real Estate Weekly reported. Real Deal
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Jun 11
Ivanhoe Cambridge takes 49 percent stake in 1211 Avenue of the Americas
Market News
A Canadian pension fund has taken a 49 percent stake in 1211 Avenue of the Americas, valuing the tower at $1.75 billion, Bloomberg News reported. Real Deal
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Jun 11
Madison Equities and Property Markets Group plan 18-story Soho tower
Market News
Madison Equities and Property Markets Group are seeking a variance to build an 18-story condominium building on a former car wash plot in Soho, DNAinfo reported. Real Deal
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Jun 10
Staten Island’s Annadale neighborhood poised for takeoff
Market News
The Annadale neighborhood of Staten Island has seen a population spike and a 20 percent increase in year-over-year listing prices, the Wall Street Journal reported. Real Deal
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Jun 07
Murray Hill Represents Buyer in $200 Million Purchase of 295 Madison Avenue
Market News
A contract was signed on Friday for the sale of Westbrook Partners and Moinian Group‘s 295 Madison Avenue, The Commercial Observer has learned. Observer
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Jun 07
Mediaocean Relocating to RXR Property
Market News
Mediaocean, a developer and provider of advertising software, is relocating to RXR Realty’s 620 Avenue of the Americas after signing a 14-year, 88,387-square-foot lease for a portion of the propert Observer
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Jun 07
Boston Properties Puts NYC Times Square Tower Up for Sale
Market News
Boston Properties Inc., the biggest U.S. office real estate investment trust, has put its Times Square Tower in Manhattan up for sale in a deal that may exceed $1 billion. Bloomberg
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Jun 07
Guideposts Takes Leap of Faith in Downtown Relocation
Market News
Faith-based not-for-profit organization Guideposts is relocating from its East 34th Street offices to 110 William Street, where the decades-old publisher of spiritual books, magazines and online co Observer
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Jun 07
Advertising tech firm leases last remaining space at RXR’s 620 Sixth Avenue
Market News
RXR Realty has leased the last remaining vacancy at 620 Sixth Avenue to advertising technology company Mediaocean, Crain’s reported. Real Deal
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Jun 06
Job site Indeed takes 50K sf at Avenue of the Americas Plaza
Market News
Job listings company Indeed has taken just under 50,000 square feet of space at Midtown’s Avenue of the Americas Plaza, according to data from commercial real estate information company CompStak. Real Deal
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Jun 06
Marc Holliday: The man at the helm of the city’s largest commercial landlord
Market News
Last month, SL Green Realty Corp. Real Deal
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Jun 05
Tower Could Rise High on 14th Street and Avenue C Corner Lot
Market News
A 10,106-square-foot corner lot that has long provoked speculation about the development potential of East 14th Street is being exclusively marketed for sale by Avison Young, The Commercial Observe Observer
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Jun 05
One Hudson Yards property swap deal between Related and Extell in contract
Market News
A property swap deal between the Related Companies and Extell Development on Manhattan’s West Side is now in contract, the New York Post reported. Real Deal
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Jun 05
St. Luke’s Hospital Center renews Times Square lease
Market News
St. Luke’s Hospital Center has elected for a ten-year extension at its Time Square offices, Crain’s reported. Real Deal
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Jun 05
The not-so-outer borough: Brooklyn’s fast-climbing home prices make it nearly as expensive as Manhattan
Market News
From the June issue: Manhattan estate brokers Ari Harkov and Warner Lewis recently started searching for apartments in the West Village on behalf of a client, who wanted to pay around $650,000 for Real Deal
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Jun 03
GM Building Stake Sold to International Buyers
Market News
A 40-percent stake in the General Motors Building has been acquired by the family of Chinese real estate developer Zhang Xin, through The Sungate Trust, and M. Safra and Co. Observer
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Jun 03
The Art of Designing Luxury Model Apartments
Market News
On a recent morning, Gary Barnett walked through a black door and entered the dark Venetian-plastered foyer of an apartment in midtown Manhattan. WSJ
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Jun 03
MTA in talks with developers for large LoMa commercial space
Market News
The Metropolitan Transportation Authority is in talks with finalists vying to develop a 31,000-square-foot commercial space at the Corbin Building, a restored former bank near the Fulton Street Tra Real Deal
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Jun 03
Grand Central owner fights Midtown East rezoning pricing
Market News
Andrew Penson, the owner of the famed Grand Central Terminal, is pitching a fight against City Hall, claiming the Midtown East rezoning proposal undervalues air rights in the district, Crain’s repo Real Deal
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Jun 03
Anthropologie nixes lease at VE Equities’ 250 Bowery
Market News
Anthropologie’s lease at 250 Bowery is no longer in the cards, Bowery Boogie reported. Real Deal
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