Manhattan Commercial Real Estate
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 […]
Read More....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’ […]
Read More....Office Leasing Activity Increases But Remains Well Below Pre-Covid-19 Levels
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 […]
Read More....Goldman Sachs Further Backs New York Office-to-Residential 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 […]
Read More....Port Authority Bus Terminal Redevelopment: Adding 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 […]
Read More....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 […]
Read More....Gucci Parent Kering Buys Fifth Avenue Retail Property in Manhattan
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 […]
Read More....Challenges Intensify as Office Market Faces Influx of Lease Expirations and Loan Maturities
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 […]
Read More....How New York’s New Law Impacts Projects
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 […]
Read More....New York City Set to Update Commercial and Industrial Zoning Rules After Six Decades
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 […]
Read More....New York Stadium Set for Renovation
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’ […]
Read More....Utopia Bagels to Open in Manhattan, New York
Utopia Bagels from New York City has committed to a 15-year lease for its inaugural Manhattan venture, set to open this spring. Spanning 3,700 square feet, the location at 120 […]
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