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…
Macy’s Herald Square flagship, Bloomingdale’s unlikely to undergo redevelopment
The $21-a-share bid by Brigade Capital Management and Arkhouse Management for the shares of Macy’s Inc. they don’t already own is surely aimed at the department store giant’s real estate…
Fin-tech firm Payoneer relocating to 195 Broadway
Fin-tech firm Payoneer is moving to L&L Holding Company’s 195 Broadway, the “wedding cake” landmark which David W. Levinson’s and Robert T. Lapidus’ firm bought in 2005. L&L now manages…
Health-club chain Fitness International signs lease in FiDi
This looks like a good fit for FiDi: Health-club chain Fitness International signed one of the year’s biggest retail leases at AmTrust RE’s 58 Maiden Lane — a three-level, 36,650…
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…
NYC ranks below 18 cities in economic, real estate prospects: study
JPMorgan Chase is spending an estimated $3 billion to erect a new headquarters skyscraper at 270 Park Ave. But according to a top analyst in the bank’s own asset and…
Ralph Lauren renews lease at upgraded Starrett-Lehigh Building
If work-from-home spells the inevitable future, somebody forgot to tell Ralph Lauren Polo. The fashion giant just renewed its lease on a long-term basis for 250,000 square feet of offices…
‘Ferrari building’ continues leasing surge by adding private equity firm TriPost Capital
As long as the Manhattan office market mostly stinks — despite cheering upticks in renewals and slightly reduced sublease availability — market-watchers are taking solace in modest success stories where…