Author name: Rob Sattler

Articles of the week ending October 10th With Demand Gone Dry, 19M SF Of Labs Could Be Converted By 2030​ By Patrick Sisson, Bisnow​ Nearly 19M SF of underused U.S. lab space could be converted to other uses by 2030 as life sciences demand weakens, driven by oversupply, AI efficiencies, and financial distress in key […]

Articles of the week ending October 3rd Vanderbilt University signs ground lease with General Theological Seminary in Chelsea, Manhattan _ Crain’s New York Business​ By Julianne Cuba, Crains New York Business​ Vanderbilt University signed a $44.3M, 99-year ground lease with General Theological Seminary in Chelsea to create its largest campus outside Nashville, expanding its national

Articles of the week ending September 19th SL Green, Prudential to refinance $1.4B mortgage for 11 Madison Ave tower _ Crain’s New York Business​ By Aaron Elstein, Crain’s New York Business​ SL Green and Prudential are refinancing the $1.4B mortgage on 11 Madison Ave with a new five-year, 5.8% loan, replacing the expiring 3.6% debt.

Articles of the week ending September 12th Vornado Apartments Coming to Madison Square Garden Area – Commercial Observer By Larry Getlen, Commercial Observer Vornado Realty Trust plans to build a $350M, 475-unit apartment building near Madison Square Garden, using 485x tax incentives for affordability. Paramount Wants Workers Back In Office 5 Days A Week​ By

Articles of the week ending August 8th What Will NYC’s Casino License Bidders Do If They Lose_​ By Kathryn Brenzel, The Real Deal​ Some major NYC developers are hedging their casino bets with backup plans like housing or mixed-use projects, while others risk leaving sites vacant if they don’t win one of the few available

Articles of the week ending August 1st Vision for 14th Street in New York City calls for European-style boulevard _ Crain’s New York Business​ By Caroline Spivack, Crain’s New York Business​ A $3 million city-led study aims to transform Manhattan’s 14th Street into a European-style boulevard with wider sidewalks, seating, and pedestrian-friendly infrastructure to boost

Articles of the week ending July 18th Zohran Mamdani courts NYC business leaders as some switch to Adams _ Crain’s New York Business​ By Crain’s New York Business​ Zohran Mamdani’s post-primary outreach to New York City’s business leaders has eased some concerns about his socialist platform, but skepticism remains due to his youth, inexperience, and

Articles of the week ending July 11th WeWork Signs First Post-Bankruptcy Lease With 60K SF at 250 Broadway – Commercial Observer​ By Mark Hallum, Commercial Observer ​ WeWork signed its first post-bankruptcy lease—60,000 SF across five floors at 250 Broadway in Lower Manhattan—marking a strategic push under new CEO John Santora to grow in NYC with

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

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