‘Boutique’ tower on Billionaires’ Row provides new home for Calvary Baptist...
Like a gift from heaven, the shiny new church-and-office building on Billionaires’ Row that we first told you about two years ago is finally on the rise. The “boutique” tower at 125 W. 57th St. is...
View Article‘Brand new’ 511 Fifth Ave. office tower hits leasing market after redesign
The 18-story building was until two years ago home to a single tenant, Israel Discount Bank, for more than 50 years.
View ArticleManhattan’s stalled office leasing market poised for late-year boom
Despite commercial real estate’s well-known woes, the deals might augur even larger transactions -- of up to 1 million square feet each -- in 2024, sources said.
View ArticleMidtown, Lower Manhattan foot traffic down 33% — one of worst post-COVID...
"We’ve been tracking since early 2022, and New York was an early comeback story – but then stalled," said Karen Chapple, director of the University of Toronto's School of Cities, to The Post.
View ArticleJudge orders WeWork to cough up financial records related to broken lease at...
A New York judge has demanded that WeWork, which filed for bankruptcy this week, cough up “bank statements, canceled checks, wire transfers, records of deposits, withdrawal receipts and wire transfer...
View ArticleLandmark Lever House boasts Park Ave. views, modern design after $100M...
Lever House, the 390 Park Ave. masterpiece that first brought curtain-wall design to commercial New York in 1952, is back in business after a two-year closure and $100 million redevelopment. The...
View ArticleProperty mogul’s downfall ‘grounds’ Chrysler Building lease talks
Aby Rosen's RFR had been making progress on stalled talks to restructure the Chrysler Building's long-term ground lease but now needs to find a new partner.
View ArticleREBNY reports office building visitations up as it switches to monthly reports
The September numbers for 350 Manhattan buildings show visitation increased to 66% of pre-pandemic levels, according to REBNY.
View ArticleMexico’s Costeño Group opening first US restaurant at Time-Life Building
The empire’s Mexico City flagship was the first restaurant in that country to earn a coveted Six-Star Diamond award.
View ArticleChrysler Building’s European co-owner files for bankruptcy: ‘Rude awakening...
Controlled by Austrian magnate Rene Benko, Signa's bankruptcy is set to send ripples across the continent's embattled property sector.
View ArticleSL Green boosts portfolio with key deals at Park Ave. office towers
SL Green CEO Marc Holliday should have plenty to crow about on the leasing front at Monday’s annual investor conference call. In a just-signed, 270,000 square-foot mega-deal, sources told us,...
View ArticleKastle’s flawed back-to-work barometer continues to fall short of REBNY data
It’s time for the “doom loop”-loving media to stop basing office occupancy stories on the deeply flawed Kastle Systems Back-to-Work Barometer. The latest survey by the Real Estate Board of New York...
View ArticleNYC developer banks on big-name restaurants to feed office building empire
During its annual investment call, SL Green served up unreported, tasty bits about its investment in the city’s culinary scene.
View ArticleLaw firms switch headquarters along popular Midtown corridor
Another major law firm lease just got signed on midtown Sixth Avenue that’s good news for Vornado Realty Trust and a rare, narrow ray of light for the embattled Trump Organization. National law firm...
View ArticleReal estate surveys indicate Manhattan’s office market is far from dead
Separate reports by major brokerages CBRE and JLL show that the Manhattan office market is far from dead — or even stagnant. The surveys illustrate the extent to which the top tier of the office market...
View ArticleBlackstone’s defaulted NYC office tower loan up for sale at a 50% discount
Blackstone defaulted on the $308 million mortgage on its Manhattan office tower more than a year ago -- and the debt is now up for sale again at a more than 50% discount.
View ArticleMore than 45 NYC office buildings are slated to become apartments
It has long been on Mayor Eric Adams’ agenda to convert New York’s derelict office buildings into much-needed housing -- and now, four will yield 2,100 units.
View ArticleA record number of office buildings will be converted into apartments in 2024...
Across America, and as the hybrid work model takes hold after COVID-19, aging office structures will give way to apartments in unprecedented sums.
View ArticleNYC’s return-to-office trend gains steam, hits nearly 70% of pre-pandemic level
The return-to-office trend gained steam in December when average visitation rates at 350 Manhattan buildings rose to 67% of 2019 rates, according to the Real Estate Board of New York. That was up from...
View ArticleManhattan office market rebounds faster than rival cities as NYC demand...
A report found that demand for space in the Big Apple rose nearly 40% in 2023 over the previous year -- lifting demand to 75% of pre-pandemic times.
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