Residential
New Development: leasing starts at ARO, Amberly hits luxe rental market
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● ALGIN MANAGEMENT Leasing underway at ARO Leasing has begun at ARO, a new 62-story, 426-unit luxury rental tower developed by Algin Management, designed
Deals & Dealmakers
Report: Landlords taking the hint as tenants begin to balk at rising rents
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The office realm in Manhattan has opened 2016 strong. Leasing activity is nearly 30 percent above the ten-year average and 11 percent above the start of 2015.
Featured
Manhattan retail asking rents continue to decline
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Manhattan’s most popular retail corridors experienced widespread asking rent declines in the fall of 2018. Out of the 17 high-profile corridors that the
Featured
Spring Ahead: New condos look to warm up lackluster market
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A new report is showing a pause in Manhattan’s new development market, but that isn’t deterring a stream of buildings entering the city in the next few months.
Deals & Dealmakers
Report: Midtown ranked as the sixth-most expensive office market in the world
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Midtown Manhattan is inching its way up the global rankings, placing as the sixth most expensive office market in the world. According to CBRE’s latest
Deals & Dealmakers
Large deals lift Manhattan office market to strongest quarter this year
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Lease deals over 100,000 s/f propelled Manhattan’s office market to its strongest quarter this year. According to Cushman & Wakefield’s latest office
Residential
Report Show Rising Rents, Shrinking Vacancies in Manhattan
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Manhattan’s average rents climbed upward while vacancy dipped in May, according to Citi Habitats’ monthly rental market report, resulting in more power
Deals & Dealmakers
Servcorp sitting pretty in highest offices in 1 WTC
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One would think the first thing someone would notice on the 85th floor of 1WTC would be the spectacular views of New York City, but it is the paintings
Technology
Nooklyn opens shop in Manhattan
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Tech startup Nooklyn is opening its first storefront in Manhattan. The upstart firm has become one of the biggest agencies in Brooklyn since launching in 2015.
Deals & Dealmakers
New York Times to move 350 employees to LIC tower
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The New York Times Company, which has been expanding its workforce, will relocate 350 employees from its headquarters building at 620 Eighth Avenue in Manhattan.
Featured
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
Residential
Done Deals: Triplex penthouse goes for $10M
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Monica Luque, of The Luque Team at Douglas Elliman, has closed on the triplex penthouse at the top of the Studio Building for $10.8 million.