Vornado lays out vision for Otis Elevator Building complex
Vornado Realty Trust is moving forward with plans to expand the Otis Elevator Building as part of a new...
office market
The Latest
Third Avenue: The land of “leave-behind”
New York’s office market is still trying to find its footing after the pandemic crushed it. While some newer...
Yotpo inks 30K sf sublease at Stellar’s One Soho Square
An e-commerce marketing platform is moving its U.S. headquarters from 400 Lafayette Street in NoHo to Stellar Management’s One...
Cohen Brothers’ Midtown tower back in special servicing
Default is looming over the Cohen Brothers Realty’s International Plaza tower, where a CMBS loan on the building was...
National
Chinese firms bailing on US commercial market
The turmoil in China’s real estate market is reaching the United States by way of foreign firms based in...
Nearly 50% of workers return to office post-Labor Day
More New York City office workers are taking a page from students heading back to school, packing up for...
NYU buys MetroTech Center office building for $122M
The primary market for unremarkable New York City office properties, evidently, is made up of institutions that do not...
SL Green takes over 245 Park Avenue
SL Green capped off a long-running dispute with HNA Group at 245 Park Avenue with a deal for the Midtown tower. Marc Holliday’s firm announced its acquisition of the 1.8 million-square-foot property on Monday....
Tri-State
New York firm pays $48M for Greenwich office
A New York real estate firm snapped up a 134,000-square-foot office property in Greenwich, Connecticut. Shelbourne Global Solutions bought...
RXR lands $1.3B financing for 5 Times Square; SL Green in as partner
It’s not the amount of money RXR sought earlier this year, but it still landed a major loan for...