Manhattan sublease scourge finally abates
The surge of Manhattan sublease space appears to be tapering off. With the city starting to reopen, tenants that put their office space up for sublease are beginning to take that space off the...
Manhattan Office Market
The Latest
Over 60% of Manhattan office workers will return in September: survey
New York office landlords can rejoice — but not too much. Employers project 62 percent of workers will come...
Manhattan office availability keeps on climbing
It was another record month for Manhattan’s office market — but not in the way landlords are hoping for....
Connecticut hedge fund takes 20K sf at SL Green’s 711 Third Avenue
Not everyone’s moving to Florida: A Connecticut hedge fund has inked a new lease in Midtown East. Ellington Management...
Northwood buys two Soho buildings for $325M
A real estate investment firm is making a big bet on Soho. Northwood Investors has agreed to pay $325 million for a pair of mixed-use buildings in the heart of the neighborhood, the Wall...
Paramount Group plans $250M facelift for 60 Wall
Paramount Group is planning a $250 million transformation for its soon-to-be-vacant office building at 60 Wall Street. The renovation...
Manhattan office availability hits record high…again
Manhattan’s office market reached another new record last month, but it wasn’t one any landlord would boast about. Office...
National
Vornado’s Roth “disappointed” in lack of distress as market shows signs of recovery
With a post-pandemic economic recovery on the horizon, Vornado Realty Trust CEO Steve Roth is excited for the future...
National
CoStar lures workers back to offices with cash prizes, Teslas
Three lucky CoStar employees and their guests will be heading to Barbados on a private plane, with all expenses...
NY investment sales hit lowest point since pandemic began
New York City’s investment sales market hit a new low in the first quarter of 2021. The total dollar...