Heavy hangover: Air rights purchased for massive cantilever
An architectural oddity is set to rise above Bryant Park. H Hotel purchased air rights for $11 million to...
Air Rights
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NYCHA wants to create “citywide clearinghouse” for its 80M sf of air rights
The New York City Housing Authority is trying to make it easier for developers to buy up its 80...
What rich people in NYC will pay to keep their view: TRD analysis
Non-developers rarely find themselves on the buy side of an air rights deal – and when they do, it...
These are the developers looking to buy air rights from NYCHA
Developers are now spending thousands of dollars on lobbying to buy air rights from the beleaguered New York City...
Rockrose paves the way for Hudson Yards rental tower with $20M air rights deal
Rockrose Development has secured the final air rights necessary to build the first tower in its 1.6 million-square-foot Hudson...
City to revoke permits for Extell’s Kazakh-backed tower at 50 West 66th Street
The city’s Department of Buildings plans to strip Extell Development of permits to build a 775-foot skyscraper at 50...
Air-rights brokerage claims Brookfield failed to pay commission on Hudson Yards deal
A brokerage that specializes in air rights deals claims Brookfield Properties cheated it out of a $375,000 commission for...
Here’s how much office developers paid to acquire air rights last year
Move over, condos: developers are gobbling up the city’s air rights for office projects. A new report from Tenantwise has...
JPMorgan Chase isn’t done buying air rights for its ground-up HQ
JPMorgan Chase is in talks to buy another 100,000 square feet of air rights from St. Bartholomew’s Church as...
National Cheat Sheet: Toll Brothers reports nearly 30% growth, coworking now claims 27M square feet of office space nationwide … & more
Toll Brothers reports first quarter growth nationwide and big gains in California Luxury homebuilders Toll Brothers reported $132.1 million net income in the first...