Deals & Dealmakers
Knotel expands NYC footprint as flexible office sector enjoys boom
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Flexible workspace provider Knotel has added nearly 90,000 s/f of office space in the thriving Midtown South corridor. The company leased 43,000 s/f comprising
Deals & Dealmakers
Burberry signs on for redeveloped World Financial Center
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Rendering courtesy Brookfield Properties Fashion retailer Burberry will be joining Michael Kors in the retail plaza in Lower Manhattan’
Deals & Dealmakers
RSA lawyers fight rent freeze, citing RGB “errors” over tenant affordability
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By Sabina Mollot Lawyers for landlords group Rent Stabilization Association (RSA) were met by an angry crowd of protesters as they arrived in court to
Deals & Dealmakers
TSX Broadway fully capitalized, to start construction in January
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The joint venture behind the TSX Broadway announced full funding of the 46-story tower in the heart of Times Square. The group, made up of L&
Deals & Dealmakers
LaBarbera: 421-a is ‘dead’ and should not be revived ‘under any circumstances’
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Despite a recent display of flexibility in regards to 421-a guidelines, the cityʼs affordable housing logjam seems no closer to a resolution.
Featured
New Steinway Tower the talk of the town
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JDS Development Group and Property Markets Group launched sales at 111 West 57th Street last week for owner, Spruce Capital. The developers voluntarily
Featured
Long-term impact of short-term rentals spells trouble for New York
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By REBNY President John Banks Last week, the New York State Legislature took an important step in providing the tools for better enforcement of illegal
Deals & Dealmakers
Two firms pay big rents at 9 West
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9 West 57th Street By Daniel Geiger Two financial firms are splitting the roughly 30,000 s/f 31st floor of 9 West 57th Street for big rents, according to sources.
Debt & Equity
Regulators release first guidelines for Opportunity Zones
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Federal regulators released the first guidelines for the Qualified Opportunity Zones last week, giving shape to the would-be wealth redistribution program.
Featured
Parking Club hitting the spot with stressed out New York drivers
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In a densely populated city of eight million people, finding a parking spot can often bring about an existential crisis. But one enterprising developer
Deals & Dealmakers
2018 set to be year of the tenant as new office spaces floods market
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For companies looking for a change in scenery or an entry into the New York market, 2018’s commercial market holds a lot of promise. A surging supply of
Deals & Dealmakers
RXR Realty, China Life pay $1.65B for 1285 Avenue of the Americas
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A consortium that includes RXR Realty and Chinese life insurance provider China Life has bought 1285 Avenue of the Americas for $1.65 billion.