Manhattan Commercial Real Estate


CRE Expectations for Capital Costs and Dealmaking in H2 2024 are Mixed

CRE Expectations for Capital Costs and Dealmaking in H2 2024 are Mixed

The outlook among commercial real estate industry players remains mixed as 2024 reaches its midway point. A second-quarter survey by Altus Group found that more respondents were concerned about a […]

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Traffic Problems in Manhattan

Traffic Problems in Manhattan

The New York governor’s decision to withdraw support from a Manhattan tolling program, aimed at easing traffic and generating $1 billion annually for the transit system, has alienated not only […]

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Office Building Being Sold for Less than Morgage

Office Building Being Sold for Less than Morgage

An office building in New York City, owned by an affiliate of Related Companies, is set to be sold at a steep discount. Empire Capital Holdings and Namdar Realty Group […]

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NYC Retail Market Reels After Smoke Shop Crackdown

NYC Retail Market Reels After Smoke Shop Crackdown

Roll Up Nation vanished from NoHo last month, leaving behind only an expensive sound system, a few stray rolling papers, and a 1,927-square-foot epoxy mural on the ground floor retail […]

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Hospital Design Transformed by Emergencies and Surgical Robots

Hospital Design Transformed by Emergencies and Surgical Robots

Hurricanes, pandemics, and robotic surgical arms are driving fundamental changes in healthcare design. Dan Thomas and Julie Frazier of Perkins & Will highlighted some of the nation’s most disruptive changes […]

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FIRE Tenants in Manhattan Show Slower Expansion

FIRE Tenants in Manhattan Show Slower Expansion

The financial industry, a cornerstone of New York City’s economy for more than a generation, is showing signs of reducing its demand for New York offices. From the pre-pandemic years […]

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Loans on Office Buildings are Increasing

Loans on Office Buildings are Increasing

Sales of loans secured by struggling commercial real estate, including offices, are gaining momentum despite resulting in financial losses. Banks, in particular, are increasingly putting more loans secured by office […]

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Rising Risk in Office Lease Exposure

Rising Risk in Office Lease Exposure

The long-term nature of office leasing has delayed the market’s adjustment to the changes in office utilization triggered by the COVID-19 pandemic, allowing building owners to maintain some income from […]

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Helping Employees Move from Burnout to Belonging

Helping Employees Move from Burnout to Belonging

Are you bringing home more from your job than just a paycheck? A 2023 study by the American Heart Association found that burnout—chronic, unmanaged workplace stress—is on the rise, with […]

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NYC Offices Turning into Residential Conversions

NYC Offices Turning into Residential Conversions

New Yorkers often joke about living at the office, but new data from the Department of City Planning suggests this could soon be a reality for some. According to the […]

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Rising Office Demand Signals Recovery Optimism

Rising Office Demand Signals Recovery Optimism

Brandywine Realty Trust CEO Jerry Sweeney doesn’t label himself an optimist regarding the “frustratingly slow” pace of the national office market’s recovery. However, as head of one of the largest […]

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Manhattan Office Tower with Saks Flagship Eyes Residential Conversion

Manhattan Office Tower with Saks Flagship Eyes Residential Conversion

The owner of a building adjacent to New York’s iconic Saks Fifth Avenue flagship store seeks a permit to convert its office space to residential units. The 38-story building, located […]

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