Articles of the week ending July 4th Pinterest Officially Signs 83K-SF Lease at 11 Madison Avenue – Commercial Observer By Amanda Schiavo, Commercial Observer Pinterest signed an 83,000-square-foot, 11-year lease at SL Green’s 11 Madison Avenue in Manhattan, relocating from Park Avenue South, with asking rents reportedly around $90 per square foot. MTA Looks […]
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Articles of the week ending June 27th Scholastic, publisher of Harry Potter, looks to sell SoHo headquarters _ Crain’s New York Business By Aaron Elstein, Crain’s New York Business Scholastic Corp. is exploring the sale of its SoHo headquarters at 555-557 Broadway to raise funds for debt reduction and share buybacks amid leadership changes and
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Articles of the week ending June 20th Why Sunset Park Is Emerging As Brooklyn’s ‘Next Big Thing’ By Ciara Long, Bisnow Sunset Park is emerging as Brooklyn’s next major development hub, driven by Industry City’s transformation, affordable housing, city-backed waterfront redevelopment, and increasing private investment in large-scale residential and industrial projects. Lightning Society Takes 19K
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Articles of the week ending June 6th Tishman Speyer Buys 148 Lafayette for $106M – Commercial Observer By Andrew Coen, Commercial Observer Tishman Speyer acquired 148 Lafayette Street in SoHo for $105.5 million—its first Manhattan office purchase since 2019—financed with a $68.3 million loan from Blackstone. Tech Companies Are Back In The Manhattan Office
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Articles of the week ending May 30th The Future of Lease Management_ Why AI-Powered Solutions Are Reshaping Real Estate Operations – Commercial Observer By Keyway, Commercial Observer AI-powered lease management tools like KeyDocs revolutionize real estate operations by automating lease abstraction, ensuring compliance, and delivering portfolio-wide insights, enabling faster, smarter, and more efficient decision-making.
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Articles of the week ending May 23rd Warehouse developer Steven Guttman pockets $64 million from Queens refinancing _ Crain’s New York Business By Aaron Elstein, Crain’s New York Business A $143 million mortgage refinancing of the UOVO QPN art warehouse in Queens, which quietly houses works for elite collectors and institutions like the Met, highlights
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Articles of the week ending May 9th News _ Brooklyn office market starts 2025 with a boost By Jared Koeck, CoStar Analytics Brooklyn’s office market began 2025 with a strong rebound, driven by larger leases and education tenants, signaling a shift toward recovery. PNC Bank Bags 83K SF at Sage’s 437 Madison By TRD Staff,
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Articles of the week ending May 9th New York University signs Manhattan’s largest new office lease since pandemic By Andria Cheng, CoStar Research New York University signed Manhattan’s largest new office lease since the pandemic, securing 1.1 million square feet at 770 Broadway under a 70-year, $935 million prepaid triple-net lease to create a major
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Articles of the week ending May 2nd Top office leases recognized for New York City By CoStar Research CoStar’s Q1 2025 Power Broker Awards recognized major New York City office leases, including significant deals by Jane Street, Horizon Media, Mayer Brown, and Amazon, highlighting continued investment and activity in the commercial real estate market. SL
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Articles of the week ending April 25th Vornado catches break with less-than-expected ground rent for Penn 1 tower By Andria Cheng, CoStar News Vornado Realty Trust secured a significantly lower-than-expected annual ground rent of $15 million for its Penn 1 tower, easing financial pressure amid a challenging office market. Nonprofits, Education Tenants Offer Hope For
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