News & Articles

Real Estate News

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

Interior view of Daneil Patrick Moynihan Train Hall from below

New Moynihan Train Hall Allows 50% More Space for Penn Station Travelers

A $1.6 billion, 255,000-square-foot expansion of the Penn Station train tracks officially opened to the public on January 1st, 2021.

08 Jan '21 • By Alan Rosinsky

The iconic Rockefeller Christmas Tree against NYC skyscrapers on a sunny winter day.

Real Estate News

The History of the Rockefeller Center Christmas Tree

The holiday season in New York City is exceptional.

24 Dec '20 • By Alan Rosinsky

Sunny day in NYC, diverse skyline reflects challenges and hopes for commercial real estate.

Real Estate News

What’s in Store for NYC Commercial Real Estate in 2021?

The new coronavirus has greatly impacted New York City real estate.

23 Dec '20 • 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

Spacious eco-friendly coworking office with plants, modern open layout.

Real Estate News

One Year After WeWork’s Failed IPO, NYC’s Coworking Market Is Still Going Strong

It’s been more than a year since WeWork’s failed IPO, and much has changed during this time.

11 Nov '20 • By Alan Rosinsky

Madison Avenue street sign, emblematic of changing NYC retail landscape.

Real Estate News

Madison Avenue in 2020: Retail Apocalypse or Investment Opportunity?

Madison Avenue is one of the areas of New York City that has changed significantly since the start of the pandemic.

31 Oct '20 • By Alan Rosinsky

Brooklyn waterfront warehouses, potential site for commercial revitalization.

Real Estate News

How and Why the Rezoning of Brooklyn’s Industry City Fell Apart in 2020

In early 2019, Queens was all over the news after Amazon scrapped plans to build its HQ2 in Long Island City.

23 Oct '20 • By Alan Rosinsky

Upper East Side Manhattan residential building, prime NYC real estate.

Real Estate News

Why Is This 5,000-Square-Foot, 1900-Built Manhattan Office Building Asking $26M?

It’s universally known that New York City office space is among the priciest in the world, and Manhattan office buildings often fetch exorbitant prices, in the range of hundreds of millions, and even billions.

29 Sep '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

Real Estate News

The Downfall of the MTA and Its Impact on the NYC Real Estate Market

The NYC Metropolitan Transit Authority (MTA) is currently facing its biggest challenge yet.

31 Aug '20 • By Alan Rosinsky

Programmers collaborating in a modern NYC office, reflecting WeWork's positive trajectory.

Real Estate News

Despite Legal Troubles and Lockdowns, is WeWork On Track for Profitability?

A little over a month after DBRS Morningstar declared that WeWork’s survival following the pandemic was ‘questionable,’ chairman Marcelo Claure says the coworking provider is on track to be profitable in 2021.

08 Aug '20 • By Alan Rosinsky

Luxurious interior of a men's clothing shop in NYC, evoking Brooks Brothers' legacy.

Real Estate News

Brooks Brothers Files for Chapter 11 Bankruptcy Protection

Brooks Brothers filed for Chapter 11 bankruptcy protection in a Delaware court last week.

16 Jul '20 • By Alan Rosinsky

Empty double escalator in an NYC shopping mall, symbolizing the impact of the COVID-19 pandemic.

Real Estate News

Could Office Tenants Save a Struggling Retail Sector?

The COVID-19 pandemic is already having a massive impact on the global economy.

13 Jun '20 • By Alan Rosinsky

Masked NYC woman, emblematic of pandemic impact on city life.

Real Estate News

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.

09 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

Busy Broadway intersection in Manhattan, top NYC commercial real estate district.

Real Estate News

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.

03 Dec '19 • By Alan Rosinsky

Golden hour aerial view of Downtown Manhattan, hotspot for NYC commercial real estate.

Real Estate News

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.

30 Oct '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

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