Remote Work is Here to Stay, But How Will It Impact the NYC Office Market?
The spread of the new coronavirus has already had a massive impact on the global economy and has forever changed the way we work and do business. In an attempt to stop the spread of the virus, non-essential activities closed ...
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The Impact of the COVID-19 Pandemic on the US Commercial Real Estate Market
There’s no denying that the emergence of COVID-19 has caused a tectonic shift in the world order. Whether we’re aware of it or not, the global economy and the way that we do business have changed forever, and this pandemic ...
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Residential Tenants No Longer Have to Pay Broker Fees in NYC
Residential Tenants No Longer Have to Pay Broker Fees in NYC [Update: As of Feb 11, 2020, tenants still have to pay broker fees due to a temporary restraining order issued by justice Michael Mackey of the New York Supreme ...
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These Are the 50 Largest Office Sales to Close in New York City in 2019
The New York City commercial real estate market has had a pretty good year. Though asking rents and commercial property prices continue to rise, companies seem undeterred, committed to finding quality space in one of the most thriving business districts ...
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Amazon Returns to NYC, Leases 335 KSF of Office Space – No Tax Breaks Needed
Online retail giant Amazon might have backed out of its plans to build HQ2 in Long Island City, but that doesn't mean that it's lost interest in the New York City commercial real estate market. Quite the contrary, it seems, ...
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These Are the Most Expensive Streets and Neighborhoods for NYC Commercial Sales in 2019
New York City is notoriously expensive, whether you’re looking at residential or commercial real estate. Homes and condos are selling for exorbitant prices, while Manhattan office space is among the priciest in the world. It’s not uncommon for landlords to ...
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The 20 Largest Commercial Sales of Q3 in New York City
Compared to the first and second quarters of 2019, commercial real estate investment sales in New York City seem to have stabilized. The current global and U.S. macroeconomic environment seems to cause uncertainty on the near-term trajectory of both the ...
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Prestigious Law Firm Cravath to Anchor Brookfield’s Two Manhattan West in Hudson Yards
Cravath, Swaine & Moore LLP, one of the most prestigious law firms in New York City, will be anchoring Two Manhattan West, a 58-story office building scheduled for completion in 2022 in Hudson Yards. The firm will move into the ...
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Uber to Sign Massive Office Lease and Move HQ to 3 WTC in Manhattan
Ride-sharing, ride-hailing company Uber is about to close on a major office lease at Silverstein Properties' 3 World Trade Center in Lower Manhattan, according to Crain's New York. The company is relocating its NYC headquarters and will take over more ...
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Solar Carve Tower Is the Meatpacking District’s New Architectural Landmark
The Meatpacking District has a new architectural landmark, namely a new 10-story, boutique office building dubbed 40 Tenth Avenue. The development marks Studio Gang's first project to reach completion in New York City and was named one of Architectural Digest's ...
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Fashion Designer Unifies HQ, Showroom Space in the Garment District
Longevity Brands, a swimwear designer and manufacturer affiliated with Mainstream Swimsuits and A&H Sportswear Co., has signed a 33,952-square-foot lease at 250 West 39th Street, between Seventh and Eighth avenues in Midtown, reported the Commercial Observer. The company is preparing ...
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Financial Services Firm Relocates HQ From Park Avenue to Hudson Commons in Manhattan
Brevet Capital Management, a specialty finance institutional investment manager, is relocating its Midtown Manhattan headquarters. The firm will be vacating its current office space at 230 Park Avenue, also known as the Helmsley Building, and move to 441 Ninth Avenue ...
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