The Real Deal New York

Posts Tagged ‘Commercial Real Estate’

  • Peter

    CBRE’s Peter Turchin and Lower Manhattan

    Downtown appears to be shaking its third-wheel status as Manhattan’s weakest submarket for office leasing.

    According to a CBRE report, asking rents there have risen 8 percent since the beginning of 2014, surpassing gains in Midtown and the increasingly tech-friendly Midtown South. Rents continue to rise despite large chunks of space from the World Trade Center site and Brookfield Place entering the market. [more]

  • The Real Estate Executive Sleep Out event (credit: Andrew Kelly for the NYO)

    The Real Estate Executive Sleep Out event (credit: Andrew Kelly for the NYO)

    Roughly 100 real estate executives roughed it on 41st Street and 10th Avenue Thursday night to raise awareness for a youth homeless shelter. [more]

  • The cover of Ward's forthcoming book and Donald Trump

    The cover of Ward’s forthcoming book and Donald Trump

    A former Trump executive accused in a forthcoming book of drugging a rival to gain a leg up in a real estate deal said the story is not true. [more]

  • Norway’s sovereign wealth fund plans to invest as much as 5 percent of its overall portfolio in the private real estate market in each of the next three years.

    Norway’s sovereign wealth fund plans to invest as much as 5 percent of its overall portfolio in real estate.

    Norway, surprisingly, now ranks second among foreign U.S. commercial real estate buyers, topped only by Canada. [more]

  • This report includes transactions reported closed YTD through July 31, 2014. Only properties and portfolios $2.5M and greater are included. (Source: Real Capital Analytics and Transwestern)

    Transactions $2.5M+ reported closed YTD through July 31, 2014. Click to enlarge. (Source: Real Capital Analytics and Transwestern)

    Manhattan is the most expensive market for commercial real estate, both in sales price per square foot and volume, according to a new second-quarter 2014 report and graphic from Real Capital Analytics and Transwestern. [more]

  • Art in the lobby of 915 Broadway

    Art in the lobby of 915 Broadway

    Glanzrock Realty Services is launching the next phase of its Building Art Curatorial Program, which is designed to connect artists with spaces held in real estate portfolios. Basically, BACP discovers, exposes and leases art to commercial clients for their lobby spaces with the option to buy the artwork, according to the firm. [more]

  • KennethCreightonPeterBoritzMarisaManley

    From left: Kenneth Creighton, Peter Boritz and Marisa Manley

    UPDATED, 12:29 p.m., July 10: In commercial real estate, size does matter. But a global effort to more clearly define office building size is being seen by New York real estate players as a non-starter. [more]

    1 Comment
  • Are the hefty price tags on NYC's commercial properties worth it?

    NYC’s commercial properties: pricey but worth it?

    Commercial property in New York City is overpriced compared to its counterparts elsewhere in the country. But, it’s probably worth it.

    That was the conclusion drawn from a recent poll from the spring 2014 Gotham Commercial Real Estate Monitor, which surveyed New York City’s top commercial real estate professionals. [more]

  • 050-051 Sleazy real estate se FINAL.indd

    From the May issue: The real estate industry was never known for choirboy-like behavior. Many people can share a tale of backstabbing or dirty dealing. Most times, these acts fall into an ethical gray area. [more]

  • 154 East 23rd Street

    154 East 23rd Street

    WEEKENDEDITION With technology firms eating up space in older loft-like buildings at a rapid rate, rents in formerly affordable office spaces have been going up, making it difficult for nonprofits and arts organizations to find affordable deals.

    In the first quarter of 2014, Manhattan commercial rents rose 7 percent from the corresponding period five years ago, according to Cushman & Wakefield. Meanwhile, rents in Midtown South rose up 29 percent within the same period. [more]

  • From the March issue: New York City real estate historically upheld a sacrosanct division — call it “church and state” — that separated residential and commercial brokerage. But these days, that divide is quickly eroding as brokers increasingly do business in both worlds. [more]

  • From left: 140 Broadway and John Wheeler

    From left: 140 Broadway and John Wheeler

    A New York office of Jones Lang LaSalle is planning to grow its broker roster by nearly 50 percent.

    In the next 18 months, the commercial brokerage will add five people to the current 11-broker team at its lower Manhattan office at 140 Broadway. The move comes as the firm pushes to increase its market share in Lower Manhattan. [more]

  • From left:

    From left: Adam Spies, Doug Harmon, William Shanahan and Darcy Stacom

    From the March issue: In the last year, the number of New York City buildings sold with the help of a broker shot up significantly, according to an exclusive analysis conducted by The Real Deal[more]

  • From left: 767 Fifth Avenue, 10 Columbus Circle and 1211 Sixth Avenue

    From left: 767 Fifth Avenue, 10 Columbus Circle and 1211 Sixth Avenue

    International buyers snapped up $5.5 billion worth of Manhattan office towers last year, led by deep-pocketed shoppers from China, Canada and the United Arab Emirates. [more]

    1 Comment
  • Food hall takes 10,000 sf at 230 Park

    February 22, 2014 12:00PM
    230 Park Avenue

    230 Park Avenue

    WEEKENDEDITION The food hall manager behind Mad. Sq. Eats, Broadway Bites and Dekalb Market has inked a long-term lease for 10,000 square feet of retail space at 230 Park Avenue. [more]

  • 66 East 55th Street and Jennie Enterprise

    66 East 55th Street and Jennie Enterprise

    WEEKENDEDITION “This was a piece of dirt,” Jennie Enterprise said over lunch in her flawless dining room at Manhattan’s CORE: club. “I found out who owned the dirt.” [more]

  • Lower Manhattan after Hurricane Sandy

    Lower Manhattan after Hurricane Sandy

    Top commercial real estate executives are substantially more optimistic about the value of property in Lower Manhattan this year, according to a recent survey. [more]

  • Bill de Blasio

    Bill de Blasio

    The city’s commercial real estate players are feeling jittery about the new administration, with most saying that Mayor-elect Bill de Blasio will be bad for business, according to a new survey by accounting firm Marks Paneth & Shron.

    Only seven percent of New York City commercial real estate executives said they were “very confident” in de Blasio’s support of the commercial real estate industry, according to the survey, released Tuesday. Only 28 percent responded that they were “somewhat confident” in de Blasio, while 21 percent said they were “not at all confident” and 35 percent said they are “not too confident.” [more]

    1 Comment
  • From left:

    From left: James Wacht and Peter Braus of Lee & Associates, Richard Selig and Peter Sabesan of CBC Alliance, and Patrick Robinson of Transwesterm

    From the December issue: Building a commercial brokerage business in New York City is a slow, patient game. Success, real estate executives say, is measured in years, not months. [more]

    1 Comment
  • Night.TRU

    Toy ‘R’ Us’ Times Square flagship

    Toys ‘R’ Us won’t be getting back $10 million it allegedly overpaid in rent and taxes at its Times Square flagship store. A New York State appeals court ruled for the landlord, an entity affiliated with Bow Tie Partners, a real estate development firm, pointing out that Toys ‘R’ Us had paid the alleged overcharges for 12 years without complaint. [more]


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