Last month, a piece of land sold for $2.4 million. This might not seem like a major piece of news. By New York City real estate standards, that is not a large deal. But the land was not in New ...
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Acquiring a Manhattan business address represents a significant milestone for any professional company looking to grow and attract clients. Establishing your practice in Manhattan creates value and presence, and if you situate your partnership in a well-known neighborhood, you will ...
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On November 15th 2021, President Biden signed into law the "Infrastructure Investment and Jobs Act." This bipartisan legislation will distribute $1.2 trillion for infrastructure issues. This includes roads, railways, bridges, and airports. When the bill was signed, Biden said that ...
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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 ...
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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, ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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