News & Articles

Real Estate News

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

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

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

NYC skyline, One World Trade Center, Tribeca: Icons of evolving supertall office spaces.

Real Estate News

Controversial Supertall Towers Point the Way to Sustainable Office Space

I have been thinking lately about the towers that define our city.

20 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

NYC skyline symbolizes .6B decline in commercial real estate value.

Real Estate News

NYC Offices Lost $28.6 Billion in Value. What Does That Mean for NYC & Its Commercial Tenants?

For the first time since 2000, the market value of New York City commercial real estate has declined.

13 Oct '21 • By Alan Rosinsky

Manhattan skyline featuring St. John’s Terminal, Google's .1 billion office acquisition.

Real Estate News

Google Just Spent $2.1 Billion on St. John’s Terminal – Is Big Tech Driving NYC’s Revival?

On September 21st, Google announced that it would purchase the St.

06 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

Rent Control for Commercial Spaces? Newly Proposed NYC Legislation

Real Estate News

Will Rent Control for NYC Commercial Space be Enacted?

The city of New York’s Council Committee on Small Business is holding a hearing on a bill that would enact commercial rent control for retail and office space.

28 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

Dining table with wine glasses in a restaurant, symbolizing the recovery in NYC's retail sector.

Real Estate News

Recovery in New York City’s Retail Sector

I was recently asked for my opinion regarding the prospects of a recovery in the New York City retail commercial real estate market.

19 Jul '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