News & Articles

Real Estate News

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

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

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

Aerial view of 111 Wall Street in NYC's Financial District, part of a large office deal of 2021.

Real Estate News

These Are the 5 Biggest NYC Office Sales of 2021 (So Far)

The New York City office market has been going through a rough patch caused by the Covid19 pandemic.

19 Oct '21 • By Alan Rosinsky

Professionals converse in NYC office amid market rebound, reflecting increased leasing activity.

Real Estate News

Increased Leasing Activity Fuels Manhattan’s Office Recovery

Manhattan’s commercial real estate market was hit with an unprecedented blow when the Covid19 pandemic emerged in March 2020.

30 Sep '21 • By Alan Rosinsky

Park Avenue sign, symbolizing IWG's strategic leasing at 250 Park Avenue, NYC.

Real Estate News

IWG’s Big Lease at 250 Park Avenue: Latest Evidence that Coworking Offices Are Back

Powered by startups, freelancers, and established companies looking for extra desks, coworking office managers enjoyed several years of uninterrupted growth in Manhattan.

21 Sep '21 • By Alan Rosinsky

Real Estate News

CBS Building in Manhattan Finally Sells for $760M

After many unsuccessful attempts to sell the office building at 51 West 52nd Street in Midtown Manhattan, the time has finally come for the landmark to change hands – for the first time ever.

20 Sep '21 • By Alan Rosinsky

Skyline view of NYC from New Jersey, featuring the planned location of the Gateway Tunnel.

Real Estate News

Good News for NYC: Delayed Gateway Tunnel Gets $11.6B in Federal Funding

After years and years of political back and forth, the much-discussed Gateway Tunnel, meant to connect New York to New Jersey, has finally been greenlighted.

10 Jul '21 • By Alan Rosinsky

Financial District skyline with 111 Wall Street, pioneering office building for NYC's sustainability

Real Estate News

Local Law 97: A Green New Future for NYC Office Buildings

In the wake of the increasing acceptance of remote and hybrid work models, NYC’s towering office buildings, symbols of Manhattan’s bustling business prominence, face a unique challenge: How to remain relevant, filled, and environmentally friendly in a shifting urban landscape.

04 Jul '21 • By Alan Rosinsky

Magical NYC retail revival: Platform 9 3/4 inspires hope amid commercial real estate challenges.

Real Estate News

New Harry Potter Store Breathes New Life Into NYC Retail

The NYC retail sector is still recovering, and it will take a long time for it to return to its pre-pandemic state, if at all.

22 Jun '21 • By Alan Rosinsky

Dusk view of iconic NYC landmarks: Chrysler Building, Grand Central Terminal, and Grand Hyatt.

Real Estate News

89-Story Mixed-Use Tower Set to Replace Midtown Manhattan’s Grand Hyatt by 2030

A new landmark is set to appear on the New York City skyline in the following decade, setting new height records and further transforming the area surrounding Grand Central Terminal.

10 Dec '20 • By Alan Rosinsky

Soho's ornate Cast Iron facades, defining charm in NYC's commercial district.

Real Estate News

These Were the 20 Biggest Office Deals to Close in NYC Since the Start of the Pandemic

The New York City commercial real estate market took quite a hit in 2020.

30 Nov '20 • By Alan Rosinsky

One Vanderbilt, iconic Midtown East skyscraper, symbolizes NYC's soaring commercial landscape.

Real Estate News

One Vanderbilt, Crown Jewel of Midtown East, Officially Opens in NYC

On an unusually quiet NYC morning on September 14, city officials gathered at One Vanderbilt Avenue to mark the official opening of Midtown East’s newest skyscraper.

17 Sep '20 • By Alan Rosinsky

Aggressive car driver in NYC, illustrating traffic changes.

Real Estate News

The Number of Traffic Complaints in NYC Dropped 50% in the First 3 Months of 2020

NYC Traffic Complaints Drop 37% Compared to Q1 2019 and 49% Compared to Q4 2019 Traffic in New York City tends to fluctuate throughout the year.

19 Apr '20 • By Alan Rosinsky

5th Avenue, NYC Luxury Retail District, Featuring 711 5th Avenue, Second Top Office Sale of 2019

Real Estate News

The 50 Largest NYC Office Sales in 2019

The New York City commercial real estate market had a decent year in 2019.

16 Dec '19 • By Alan Rosinsky

Manhattan skyline with Two Manhattan West, showcasing Cravath's move to the Hudson Yards.

Real Estate News

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.

07 Oct '19 • By Alan Rosinsky

New York City skyline view from Hudson River, home to Uber's new HQ

Real Estate News

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.

16 Sep '19 • By Alan Rosinsky

Real Estate News

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.

15 Aug '19 • By Alan Rosinsky