Featured
Brokers lament end of an era as Eastern Consolidated closes
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The cityʼs investment sales slowdown has claimed its first victim. After nearly 40 years in business, Eastern Consolidated will shut its doors at the end
Deals & Dealmakers
Financial services firm takes full floor off Avon’s hands
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A professional services firm has subleased nearly 25,000 s/f at 777 Third Avenue, occupying a full floor vacated by one of the country’s leading cosmetic companies.
Featured
Feds latest interest rate hike unlikely to jolt NYC apartment market, say brokers
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Experts believe New York City’s residential market won’t be too shaken by the new interest rate hikes, and with the expected tax cuts for top-earning Americans
Featured
In struggling retail market, executives cling to hope that companies can adapt
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Keep calm and hope retailers adapt. Thatʼs the mantra of retail executives after a year of shakeups for the retail industry nationwide. While many sectors
Construction & Design
Houses of the Holy: City tells religious institutions to have faith in affordable housing
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As construction costs continue to rise and longtime houses of worship look to sell or develop on parts of their real estate holdings, city and state agencies
Featured
E-commerce strategies click with brick and mortar operations, too
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If brick and mortar retail died at the hands of e-commerce then it has also been reborn in its image. Digital retail was a common theme during last week’s
Construction & Design
Feds to oversee $1B NYCHA fix
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In what the Department of Housing and Urban Development (HUD) called an “unprecedented” deal, the federal government and the City of New York agreed on
Construction & Design
Long Island City bidding to become cityʼs life science hub
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Long Island City is throwing its hat in the ring for a multi-million dollar life science hub to be developed in the fastest growing neighborhood in the county.
Construction & Design
Related, Hudson say new Roosevelt Island tower will be 100 percent affordable
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Related Companies and The Hudson Companies announced plans to bring 340 new units of affordable housing to Roosevelt Island. Sixty percent of 460 Main
Deals & Dealmakers
Wealth management fund leases 239,000 sf at 1271 Avenue of the Americas
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Rockefeller Group has landed another large office tenant at 1271 Avenue of the Americas, bringing the overhauled building to 70 percent occupied.
Featured
Rental market percolating according to recent reports
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The concessions balancing act being performed by they city’s apartment owners has shrunk New York’s vacancy and pushed median rents up.
Deals & Dealmakers
Tishman Speyer gets into flexible office game with Studio Private
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Tishman Speyer has launched its own flexible platform that can accommodate full-floor leases on a short-term basis as it looks to compete with third-party providers.