News & Articles

Real Estate News

Learn about NYC commercial leases, building sales, new developments, and pricing trends shaping the office market.

Opulent NYC clothing boutique showcases high-end fashion and accessories."

NYC’s Luxury Retailers Don’t Care About a Recession

As in-person work returns to neighborhoods like Midtown, the Plaza District, Flatiron, Meatpacking District, and Soho, an exciting trend emerges in New York City commercial real estate.

09 Dec '22 • By Bobby Samuels

Real Estate News

425 Park Avenue and Midtown’s Rebirth

After roughly six years of construction, 425 Park Avenue is finally complete.

07 Oct '22 • By Bobby Samuels

Manhattan Q3 office report | Metro Manhattan Office Space

Real Estate News

Manhattan Office Leasing Surges in Q3, Yet Recovery Is Sluggish

After months of struggle and uncertainty, the Manhattan office leasing market seems to be finally heading for recovery.

31 Aug '22 • By Alan Rosinsky

NYC scene with skyscrapers - a snapshot of Manhattan's thriving office space market rebound.

Real Estate News

Colliers Report: Manhattan Office Leasing Nearly Doubles in July, But the Market Remains in Recovery Mode

The office space market in Manhattan has shown vital signs of recovery in the second quarter of 2022.

19 Aug '22 • By Alan Rosinsky

Manhattan cityscape, Hudson River perspective—reflecting a dynamic NYC office market.

Real Estate News

Q2 Leasing Numbers Show Promise for NYC’s Office Market

New York City’s office market is finally showing clear signs of recovery, at least according to the most recent second-quarter reports released by brokerages.

25 Jul '22 • By Alan Rosinsky

Panoramic view of Park Avenue, emblematic of SL Green's acquisition in NYC's Plaza District.

Real Estate News

SL Green Snags 450 Park Avenue NYC Office Tower for $445M

SL Green, Manhattan’s most prominent landlord, recently closed its first office purchase in four years.

18 Jul '22 • By Alan Rosinsky

Park Avenue skyscrapers reflect the changing landscape of NYC’s commercial real estate market.

Real Estate News

Will Park Avenue Office Towers Become Luxury Condos?

With so many offices in New York City still empty – as of February, the office vacancy rate in Manhattan was 12.6% – landlords and city officials have had to adapt quickly.

20 Apr '22 • By Alan Rosinsky

NY's Park Avenue buzzes with taxis, signaling Plaza District's revival.

Real Estate News

$100M Lever House Revamp Kickstarts Plaza District Rebirth

One of Midtown Manhattan’s most iconic landmarks, Lever House, is getting a $100 million upgrade.

11 Apr '22 • By Alan Rosinsky

Real Estate News

Ukraine Conflict to Impact Commercial Real Estate

Today I’d like to discuss the Ukraine conflict and its eventual impact on the real estate market.

26 Mar '22 • By Alan Rosinsky

NYC Cityscape with Penn Station, focal point of Vornado Realty Trust's real estate portfolio.

Real Estate News

As NYC Offices Reopen, Vornado Kicks Off Huge Penn District Project

Vornado Realty Trust has been gradually expanding its commercial real estate footprint in Midtown Manhattan and is currently one of NYC’s biggest landlords.

14 Mar '22 • By Alan Rosinsky

Grand Central Terminal's Iconic Interior in Manhattan, with LIRR station underneath.

Real Estate News

LIRR At Grand Central: Time to Relocate to Midtown East?

The world understandably continues fixating on the Ukraine crisis and the pandemic.

05 Mar '22 • By Alan Rosinsky

A young woman using VR technology, explores the emerging virtual NYC real estate market.

Real Estate News

Virtual NYC Commercial Real Estate Sold for $2.4 Million

Last month, a piece of land sold for $2.4 million.

09 Jan '22 • By Alan Rosinsky

Empire State Building in New York and lower Manhattan skyline.

Real Estate News

ESRT Just Bought 2 Apartment Buildings – Will Vacant Offices Become Luxury Homes?

With retail and office vacancy rates remaining high in New York City, landlords are looking for solutions to sure up their bottom line.

10 Nov '21 • By Alan Rosinsky

5th Ave NYC street sign, symbolizing Microsoft's 150 KSF office lease at 112 Fifth Avenue.

Real Estate News

Microsoft Bets Big on NYC, Signs 150 KSF Fifth Avenue Lease

Another sign that Manhattan’s office market is on the path to recovery is a recent lease by tech giant Microsoft.

08 Nov '21 • By Alan Rosinsky

NYC skyline with One Vanderbilt at center, featuring the extraordinary Summit observation deck.

Real Estate News

The Summit at One Vanderbilt, No Ordinary Observation Deck

One Vanderbilt’s observation deck, the Summit, opened recently, and it is getting a lot of favorable press.

29 Oct '21 • By Alan Rosinsky

NYC buses whiz through Authority Bus Terminal, slated for redevelopment by 2030.

Real Estate News

Port Authority Bus Terminal to be Redeveloped by 2030

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 for the title in Midtown Manhattan.

25 Oct '21 • By Alan Rosinsky