Manhattan trophy office tower inks three leases at rents topping $200 per foot
Flight to quality helps city's prestige buildings snag largest share of deals in decades
An iconic Midtown Manhattan tower just south of Central Park has attracted three new tenants, each agreeing to pay per-square-foot lease rates of $200-plus as trophy office buildin...
Office-to-residential project connected to Pfizer's former Manhattan home lands financing
Joint venture set to add 430 units next to largest similar development underway in New York City
An office-to-residential development connected to Pfizer’s former headquarters in Manhattan's Midtown East neighborhood that is undergoing a similar transformation has landed acqui...
Saks drops bid for coveted New York casino license
Retailer had planned to redevelop flagship’s top three floors
Manhattan’s iconic Saks Fifth Avenue has taken itself out of the running for New York’s coveted casino gaming license.
Manhattan tower aiming to redefine skyline lands construction loan
$215 million from Affinius to help finance 70-story residential project
A 70-story residential building under construction in Manhattan's Garment District that aims to redefine the New York skyline has landed construction financing.
Newmark lands longtime Tishman executive to lead Manhattan office leasing business
Move comes as trophy space has been main driver of activity
As office developments have helped drive Manhattan leasing in the so-called flight-to-quality trend, a longtime Tishman Speyer executive has joined Newmark to lead its high-profile...
Law firm Goodwin signs one of New York’s largest office leases this year
New space has rare Manhattan perks including terraces, rooftop deck
Global law firm Goodwin, joining a slew of its peers, has signed one of Manhattan’s largest office leases this year in a planned relocation of its New York space to what it describ...
Vornado lands $450 million CMBS loan for high-profile Times Square retail space
Property sits at base of the Marriott Marquis hotel
Vornado Realty Trust has landed a $450 million loan to refinance a high-profile Times Square property in New York that counts among tenants a theater and retail stores, according t...
Intuit almost triples footprint in Manhattan’s East Village
Lease comes as tech tenants have shown signs of return
TurboTax software maker Intuit has about tripled its New York office footprint in an expansion lease. The deal in Manhattan’s East Village is another sign of tech tenants’ increasi...
Mets owner, Hard Rock add affordable housing to casino bid
Queens project near Citi Field expands to stand out in group of proposals
As competition for New York’s coveted casino licenses heats up, Steve Cohen, the New York Mets owner and billionaire hedge fund investor, and his partner, Hard Rock International, ...
Trophy office buildings’ share of Manhattan leasing reaches highest level in decades
Market sees slew of large first-quarter deals
Manhattan’s office leasing market, after having posted its best post-pandemic performance last year, is showing more signs of recovery, led by demand for top-tier trophy properties...
WNBA’s New York Liberty plan $80 million Brooklyn training center
Waterfront project includes redevelopment of former lightbulb factory
The WNBA reigning champion New York Liberty, joining the likes of the Las Vegas Aces, are getting their own dedicated training facility with some cutting-edge player perks.
Commercial properties drive New York real estate tax revenue to record high
Separate survey suggests return-to-office rate could tick up
Office and other commercial buildings in New York have led the city’s 2024 real estate tax revenue to a record high even as these property types are still seeking a full recovery f...
Nuveen names new global real estate head as investment giant sees good year ahead
Chad Phillips to oversee $141 billion in property under management worldwide
Nuveen, the investment manager of retirement services giant Teachers Insurance and Annuity Association of America, has named a new global head of its real estate investment arm.
BuzzFeed to cut New York headquarters space by about half
Digital media company signs for 42,210 square feet on 23rd Street
Money-losing digital media company BuzzFeed, after having announced big layoffs and a decision to shut its news division in recent years, looks to be downsizing again as it plans t...
This Hines-backed startup offers flexible space to more than office workers
Fabrik’s business model includes events as well as short-term leases at move-in ready locations
More than two dozen people gathered at a loft-style space in Brooklyn last week with a desire to connect.
Related launches data center arm, looking to raise up to $8 billion
New York real estate giant seeks expansion into properties supporting AI
Related Cos., a privately owned real estate giant known for projects such as Manhattan’s Hudson Yards, is planning to raise up to $8 billion to fund an expansion into data centers.
New York approves new rules to address ‘unsightly’ scaffolding
City shortens duration of time sidewalk sheds can stay up
New York may finally be seeing less of its ubiquitous construction scaffolding — often described as an eyesore — that’s said to stretch over 400 miles.
S3 issues $510 million in construction loans for two New York apartment projects
Planned Queens development includes four buildings on East River waterfront
S3 Capital, a real estate lender specializing in loans for multifamily development, has issued more than half a billion in construction loans for two separate residential rental pr...
A luxury rental property that changes not just the Coney Island skyline
Multifamily development of the year for Long Island
A new luxury residential rental property in New York's Coney Island waterfront neighborhood has not just changed the skyline of the city's summer playground, it also aims to attrac...
Overhaul of busiest US train station sets up neighborhood for broader turnaround
Redevelopment of the year for New York City
Vornado Realty Trust's renovation of New York's century-plus-old Penn Station, the busiest U.S. rail hub, is billed as one of the most significant urban infrastructure projects in ...