Art and architecture are inextricably linked to New York City commercial real estate. The city houses some of the most exquisite architectural landmarks in the world. Manhattan is home to instantly recognizable works, like the Chrysler Building, the Empire State […]Read more
With retail and office vacancy rates remaining high in New York City, landlords are looking for solutions to sure up their bottom line. Recently, Empire State Realty Trust made a big move to diversify its portfolio.
Empire State Realty Trust, […]Read more
Another sign that Manhattan’s office market is on the path to recovery is a recent lease by tech giant Microsoft. The Redmond, Washington-based company signed a 150,000-square-foot lease at 112 Fifth Avenue in the Flatiron District.
According to The Real […]Read more
One Vanderbilt’s observation deck, the Summit, opened recently, and it is getting a lot of favorable press. Why all the excitement? Aren’t there plenty of tall buildings with observation decks in New York City already?
The Summit is no ordinary […]Read more
The current standoff between Macy’s and (indirectly) Amazon over signage rights in Herald Square has been getting extensive coverage as the case makes its way through the courts. However, what many may not realize is how relevant this exact location […]Read more
We have all struggled with slow connections, video call problems and dropouts, files and attachments taking too long to send and a multitude of other issues caused by poor telecommunication infrastructure within a building. New York City is notorious for […]Read more
There was never any glory in the race for ‘NYCs Most Dismal Point of Entry.’ But since Penn Station’s 255,000-square-foot Moynihan Train Hall expansion opened on New Year’s Day, the Port Authority Bus Terminal doesn’t even have a worthy rival […]Read more
I have been thinking lately about the towers that define our city. We are living through a contemporary boom time for skyscrapers, with new buildings regularly topping 1,000 feet. Only seven years ago, One World Trade Center became the tallest […]Read more
The New York City office market has been going through a rough patch caused by the Covid19 pandemic. However, recent transaction activity highlights the fact that investors continue to see the long-term appeal of this bustling market. Our research into […]Read more
For the first time since 2000, the market value of New York City commercial real estate has declined. It dropped $28.6 billion in the last year. This figure comes courtesy of a report from City Comptroller Thomas DiNapoli.
A financial […]Read more
Over the past months, experts have been trying to predict when people will return to their offices. Employers and employees alike had to embrace and adapt to remote work in a short time. Many of them have fully adjusted and […]Read more
Google Just Spent $2.1 Billion on a St. John’s Terminal – Is Big Tech Driving Manhattan’s Revival?
On September 21st, Google announced that it would purchase the St. John’s Terminal building on the Manhattan’s West Side for an eye-popping $2.1 […]Read more