Fast-growing Boca Raton is luring business away from Wall Street
New York’s wobbly office market, limping from a record-high 20% vacancy rate and loss of some tenants to lower-tax South Florida, has more competition to worry about: Boca Raton. The…
Rudin family plans to sell Downtown’s 80 Pine St. to Brooklyn developer Bushburg
News that the Rudin family apparently plans to sell 80 Pine Street to Joseph Hoffman’s real estate company Bushburg for a lowball $160 million marks a poignant turn in the…
Lower Manhattan office space ‘tours’ on the rise despite Downtown’s struggling properties
The Downtown office market is in even worse shape than widely reported data indicate, according to several major dealmakers. One of them, an industry legend not given to doom-and-gloom scenarios,…
More NYC landlords tout ‘fun’ office amenities despite vacancy uptick
The fun-factor train keeps on chugging along at the city’s premier office buildings as landlords struggle to arrest an alarming increase in vacancies, which now top 20% overall. The Post…
Real estate surveys indicate Manhattan’s office market is far from dead
Separate reports by major brokerages CBRE and JLL show that the Manhattan office market is far from dead — or even stagnant. The surveys illustrate the extent to which the…
Redeveloped Lever House boasts Park Ave. views and modern design
Lever House, the 390 Park Ave. masterpiece that first brought curtain-wall design to commercial New York in 1952, is back in business after a two-year closure and $100 million redevelopment.…
Manhattan’s stalled office leasing market poised for late-year boom
The dam is finally about to break in the stalled Manhattan office leasing market — and landlords and brokers are ready to pop Champagne corks after the slowest year on…
‘Brand new’ 511 Fifth Ave. office tower hits leasing market
It’s a new day for 511 Fifth Ave., the handsome, Beaux Arts-style, 1915 office tower at the corner of East 43rd Street. Owners Aurora Capital, Jeff Sutton’s Wharton Properties and…
Is NYC really doomed? Flawed rent and tax forecasts fester wild ‘apocalypse’ predictions
Do you want to believe that New York City is in an “urban doom cycle”? It’s easy if you just ignore indisputable facts. Take “major crimes,” an NYPD metric that’s…
New Harlem office building will feature roof terrace, Trader Joe’s
If you’re tired of reading about the office market’s dire straits and low physical attendance, take heart: there are a few brave new office projects out there, although not in…