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An aerial view One World Trade Center in Lower Manhattan (Credit: iStock)

On anniversary of 9/11, the World Trade Center office market is now helping propel Downtown

After the devastation of the Sept. 11 attacks, it was years before the city and developers could break ground on the 16-acre site. In...

49 Maiden Lane (Credit: Google Maps)

Karfunkel family inks $200M refi for Lower Manhattan tower

The Karfunkel family has landed $200 million in refinancing for a Lower Manhattan office tower. The mortgage for 59...

The city is scrapping plans for a new 40-story lower Manhattan jail

The city is no longer planning to build a 40-story jail in Lower Manhattan due to the issue of...

Pan Am refinances downtown portfolio

Pan Am Equities has secured a total $60.6 million in financing for four projects in Lower Manhattan. The financing, provided in four separate transactions by People’s United Bank, will replace previous debt on 37-39...

Larry Silverstein’s needed a new $32.6M pad to escape Midtown’s “old fogeys”

After 33 years, Larry Silverstein felt it was time for a change. He and his wife, Klara, moved out of their long-time home on...

This low-key NYC real estate investor just landed on Bloomberg’s billionaire’s index

Real estate investor and banking executive Moses Marx, who owns several prominent commercial buildings in downtown New York, is one of the latest additions...

Macmillan leaving Flatiron Building for Silverstein’s 120 Broadway

UPDATED, 8:56 a.m., August 1: Macmillan Publishers is officially leaving the Flatiron Building, having signed up for 261,000 square...

Is Lower Manhattan a victim of its own success?

Downtown is back, baby! Since 9/11, Lower Manhattan has recovered remarkably. But as ever-growing crowds congest neighborhood sidewalks, it...

Downtown Broadway retail boomed in Q4: CBRE

The Manhattan retail market in the fourth quarter was characterized by a notable uptick in demand and asking rents in the Downtown Broadway corridor, according to CBRE – with asking rents along the Broadway...

With Silver out, Downtown could lose generous subsidies

Former Assembly Speaker Sheldon Silver’s district in Lower Manhattan might miss out on subsidies without his help.

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