Manhattan’s Helmsley Building has lost nearly 40% of its value, bond-rating firm says
Morningstar expects cash-flow decline at 34-story tower
Manhattan’s iconic Helmsley Building above Grand Central Terminal is said to have suffered a nearly 40% decline in value as the pandemic-upended office market pummels high-profile ...
Too few office workers still slow New York’s retail recovery, especially in Manhattan
Though city storefront vacancy declines, new study says some neighborhoods do better than others
Manhattan may be luring global brands to enter or expand in New York, but the largest U.S. commercial property market still falls short when it comes to filling thousands of vacant...
EQT Exeter buys 33 distribution buildings in a dozen US markets
Industrial property owner has said it’s a compelling time to invest
EQT Exeter, the real estate arm of Swedish investment giant EQT and one of the world's largest industrial property owners, has bought 33 distribution buildings spanning 12 U.S. mar...
Signature trunks and monogram waffles: Visitors head to Louis Vuitton’s first US cafe at new emporium
French luxury label opens temporary New York flagship
Luxury goods label Louis Vuitton opened its temporary New York flagship store with a different look and flavor than its original that's undergoing a multiyear renovation just acros...
New York to move ahead with first-in-the nation traffic congestion tolls
Passenger vehicles traveling to Manhattan’s central business district are set to be charged
New York Gov. Kathy Hochul, after halting the start of the nation's first traffic tolls aimed at reducing vehicle congestion, is reviving the plan after all.
New York seeks to redevelop former Flushing Airport site in Queens
80-acre plot in College Point neighborhood has sat vacant for 40 years
New York has issued a request for proposals to redevelop an 80-acre plot of underutilized city-owned land into a mixed-use neighborhood that could include housing.
New York City Council votes to change decades-old apartment broker fee arrangement
The move is aimed at shifting responsibility to hiring party — usually landlords
The New York City Council voted to end the city’s decades-old broker fee arrangement where tenants pay apartment broker fees even when they didn't hire that professional to help th...
Loan backed by high-profile Times Square office building shows sign of distress
Media firm Paramount has large presence at 1515 Broadway, CoStar data shows
A commercial mortgage-backed securities loan tied to a high-profile Times Square office building tagged for a potential casino redevelopment is showing a sign of industry distress ...
Residential development in Manhattan’s Financial District reaches construction milestone
Luxury Moinian Group project to complete 250 units in 2026
A ground-up luxury residential rental building in Manhattan’s Financial District has reached a construction milestone as the traditional commercial hub evolves into a 24/7 livable ...
Anthropologie to open its first Brooklyn store
Site was previously occupied by sister chain Urban Outfitters
Upscale women’s clothing chain Anthropologie is set to open its first New York store outside Manhattan.
RFR sells retail property housing Cartier’s new four-story emporium in Manhattan
Sale price was 46% more than what firm paid in 2022
Real estate developer RFR Realty has sold a retail property that houses French luxury house Cartier’s new store in Manhattan’s SoHo neighborhood for 46% more than what it paid for ...
Food importer takes former WeWork headquarters space in New York
Roland Foods plans to more than double its current footprint
Specialty food importer and distributor Roland Foods is relocating to a Manhattan office space that previously was home to flexible workspace provider WeWork.
Vornado expects its Manhattan office leasing to rise to highest level since 2014
REIT expects its New York leasing this year to have the highest average starting rent on record
Vornado Realty Trust expects its Manhattan office leasing this year to rise to the highest level since 2014 after the landlord said New York University is in the process of master ...
Construction firm to relocate to renovated Manhattan building across from Madison Square Park
New lease marks 40% expansion to Urban Atelier’s previous footprint
Construction firm Urban Atelier Group is moving about 10 blocks north to a renovated tower across from Manhattan’s popular Madison Square Park.
Private equity giant TPG to consolidate Manhattan offices at Spiral building
Deal sets up firm’s largest global office presence
Private equity firm TPG has signed one of Manhattan’s largest office leases this year as it plans to consolidate two existing New York offices in the new Spiral building on the far...
Fashion label Princess Polly to open New York store
Australian-born e-commerce brand debuted its first physical retail location in Los Angeles last year
Princess Polly, an Australian-born fashion label popular with Generation Z shoppers, is opening its first New York store in Manhattan’s SoHo neighborhood.
RXR names former JPMorgan executive to focus on its growing real estate credit business
Developer expects it will originate just under $1 billion in loans this year
Real estate developer RXR said it named Steven Schwartz, a former JPMorganChase executive with more than 30 years in the industry, to lead its growing real estate credit business a...
Manhattan condo project lands $205 million construction loan
Air rights were purchased to facilitate development, law firm says
A boutique development firm has landed a $205 million construction loan for the purchase and building of a 130-unit condo tower in Manhattan.
Chrysler Building land owner can start collecting rents from office tenants, judge rules
Lessee RFR’s terminated deal is ‘tremendous loss’ for New York, firm says
Real estate developer RFR, locked in a fight for control of the Chrysler Building in New York with the owner of the land beneath the iconic property, has been dealt a big setback.
New York expands plan to build housing units in Manhattan’s Midtown South
Updated proposal allows up to 10,000 apartments spanning 42 blocks
New York, one of nation's most expensive cities to live in, plans to build about 10,000 new housing units, more than double its previous estimate, in an area spanning about 42 bloc...