Manhattan Commercial Real Estate


New Rules for Office Dress Code

New Rules for Office Dress Code

As companies recall employees to the office, many are adopting a more relaxed dress code in exchange for the return commute, according to Andy Medici of The Playbook. A survey […]

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Real Estate Giant Settles Class-Action Commission Lawsuits

Real Estate Giant Settles Class-Action Commission Lawsuits

Keller Williams Realty has reached a $70 million settlement in nationwide class-action lawsuits, alleging that the National Association of Realtors’ “participation rule” and “cooperative compensation” practices unfairly raised home sellers’ […]

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Office Leasing Activity Increases But Remains Well Below Pre-Covid-19 Levels

Office Leasing Activity Increases But Remains Below Pre-Covid

Office leasing activity has shown signs of improvement in recent months, although it remains below pre-pandemic levels. According to VTS Inc., a commercial real estate leasing and asset-management platform, the […]

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Goldman Sachs Further Backs New York Office-to-Residential Conversion

Goldman Sachs Support for NY Office Conversion

Goldman Sachs to Originate $395 Million Loan for Refinancing of 70 Pine St., a Former New York Office Property Converted to Residential Use Goldman Sachs is set to originate a […]

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Port Authority Bus Terminal Redevelopment: Adding Office and Retail Space

Port Authority Bus Terminal Redevelopment to Add Office and Retail Space

Port Authority Bus Terminal Redevelopment to Include Two Office Towers and Retail Space. During a Thursday press conference, the Port Authority of New York and New Jersey unveiled plans for […]

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WCRE January 2024 Newsletter

WCRE January 2024 Newsletter

In the WCRE January 2024 Newsletter, we cover a variety events impacting Philadelphia and South Jersey Commercial Real Estate. This month we cover major developments in Philly with The sale […]

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NYC’s Office Return Surges, Reaching 70% of Pre-Pandemic Levels

NYC's Office Return Surges, Reaching 70% of Pre-Pandemic Levels

In December, the resurgence of the return-to-office trend saw average visitation rates at 350 Manhattan buildings climb to 67% of 2019 levels, as reported by the Real Estate Board of […]

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Gucci Parent Kering Buys Fifth Avenue Retail Property in Manhattan

Gucci Parent Kering Buys Fifth Avenue Retail Property in Manhattan for $963 Million

French luxury conglomerate Kering, renowned for its high-end brands such as Gucci and Balenciaga, has invested $963 million in acquiring a retail property on Manhattan’s prestigious Fifth Avenue. This purchase […]

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Challenges Intensify as Office Market Faces Influx of Lease Expirations and Loan Maturities

Wave of lease expirations, loan maturities to compound office market challenges

An alarming number of leases are poised to expire in the next five years, posing a potential prolonged challenge for the U.S. office market. Recent analysis by CRED iQ, a […]

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How New York’s New Law Impacts Projects

Restraining retainage: Drilling down into New York’s 5% retainage law and its impact on your project

In the realm of construction, retainage refers to a portion of funds withheld from payments to contractors and subcontractors until the completion of the work. It serves as a tool […]

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New York City Set to Update Commercial and Industrial Zoning Rules After Six Decades

NYC Modernizing Outdated CRE Industrial Zoning

In the diverse environment of New York City, outdated zoning laws have impeded growth and innovation for over six decades. In a groundbreaking initiative, the city is now striving to […]

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New York Stadium Set for Renovation

New York Stadium is set for renovations

Backed by supporters and alumni of the U.S. Military Academy in West Point, New York, funding has been secured for a substantial $145 million overhaul of the Army Black Knights’ […]

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