Deals & Dealmakers
Lower Manhattan reaching new heights as developments take shape
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By Holly Dutton Lower Manhattan leasing has surged to highs not seen since pre-recession days in 2006, while employment rates reached 2003 levels.
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Ellipse brings LeFrak full circle in Newport
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LeFrak’s latest Jersey City high rise is part luxury rental tower, part ocean liner. Between the Hudson River lapping up against the pier, the gentle tink-tink-tink
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Eckardt has remote control as real estate disruptor makes U.S. push
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Eric Eckardt is not a typical real estate executive, but then again, his employer, Purplebricks, is hardly a traditional real estate company.
Deals & Dealmakers
Knotel losing count during US leasing tear
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Flexible office space provider Knotel has been on a leasing tear this year, adding nine new locations and more than 80,000 s/f in Manhattan last month alone.
Deals & Dealmakers
Outraged REBNY members turn out to protest ‘catastrophic’ commercial rent bill
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The Real Estate Board of New York and its allies came out swinging during a City Hall hearing Monday on a controversial proposal to introduce commercial rent controls.
Deals & Dealmakers
Morzello makes history as first woman to win REBNY management award
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CBRE’s Theresa Morzello made history last week when she became the first woman to win the Real Estate Board of New Yorkʼs Edward A. Riguardi Commercial
Deals & Dealmakers
Report: Upper Fifth Avenue the most expensive retail street in the world
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New York’s Upper Fifth Avenue is the most expensive retail street in the world with rents rising to $3,500 psf in 2015. That’s nearly 50 percent
Deals & Dealmakers
FAO Schwartz, Peloton deals bring top awards at REBNY Retail Deal of the Year
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An iconic toy store relaunching its flagship and a fitness phenomena powering into the new Hudson Yards have earned the Real Estate Board of New York’s
Deals & Dealmakers
Ground lease on Lafayette worth $150M
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Developer CBSK Ironstate has struck a $150 million deal with Olmstead Properties for a NoHo ground lease. The Hoboken, NJ-based developer plans to develp
Deals & Dealmakers
Naftali closes on Chelsea parcel, plans development
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The Naftali Group has acquired five contiguous buildings to create a tremendous footprint in the Chelsea submarket, now controlling over 250 feet of frontage
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Sales, prices fell in first quarter 2018 as market adjusts to tax reform
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Manhattan apartment sales hit a six-year low last quarter and the average transaction price fell to its mark in nearly a decade. Brokers and market trackers
Deals & Dealmakers
Developer goes live with Stuy Town co-op spin
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By Sabina Mollot Gerald Guterman wants to turn ST-PCV co-op. Developer Gerald Guterman, of Guterman Westwood Partners, has launched a website aimed at