Author name: Rob Sattler

Articles of the week ending October 30th Takenaka Under Contract to Buy One Broadway for $170M ​ By Cathy Cunningham, Commercial Observer​ Japan’s Takenaka Corporation is under contract to acquire the 230,000-square-foot, fully leased 1 Broadway office building in Lower Manhattan for $170 million from Rockwood Capital and Midtown Equities, with Fiserv occupying approximately 92% of

Articles of the week ending October 23rd Tishman Speyer, Bouwinvest Launch New U.S. Office Properties Fund​ By Mark Hallum, Commercial Observer​ Tishman Speyer and Bouwinvest launched a new U.S. office investment fund, with the Chrysler Building as its first investment, signaling confidence in repositioning well-located office properties amid opportunities in the U.S. market.​ Ken Griffin

Articles of the week ending October 16th Pershing Square to close after nearly three decades in Grand Central area​ By Julian Nazar, Crain’s New York Business​ Pershing Square, the iconic American bistro across from Grand Central Terminal, will close at the end of November 2026 after 27 years in business, with plans for the site’s

Articles of the week ending October 9th Tishman Speyer Signs 150-Year Ground Lease to Reposition Chrysler Building​ By Mark Hallum, Commercial Observer​ Tishman Speyer signed a 150-year ground lease for the Chrysler Building and plans to invest $235 million in upgrades, converting 75% of its vacant space into prebuilt office suites to attract tenants.​ Sony

Articles of the week ending October 2nd Swiss running brand On signs office lease at Vornado’s Penn 1​ By Andria Cheng, CoStar News​ On signed a 15-year lease for 85,346 square feet at Penn 1, expanding its New York City office footprint as the Swiss running brand continues to grow.​ New York office tower joins

Articles of the week ending September 25th Nothing is Stopping Office-to-Resi Conversions in NYC​ By Holden Walter-Warner, The Real Deal​ NYC office-to-residential conversions continue to gain momentum, highlighted by a $219 million construction loan for 100 Wall Street and Soros Fund Management’s planned sale of the Argonaut building as a potential residential conversion opportunity.​ Fully

Articles of the week ending September 18th Tishman Speyer Selling 148 Lafayette Street To Shorenstein​ By Rich Bockmann, The Real Deal​ Tishman Speyer is selling 148 Lafayette Street in SoHo to Shorenstein Properties for approximately $135 million, a 30% gain from its $105.5 million purchase 16 months earlier, after expanding General Catalyst and leasing two

Articles of the week ending September 11th 25 Years After the Sept. 11 Attacks, Lower Manhattan Is Thriving​ By Peter Grant, The Wall Street Journal​ Lower Manhattan has made a remarkable comeback 25 years after 9/11, with a tripled residential population, diversified businesses, major investments, and improved amenities transforming the Financial District into a vibrant

Articles of the week ending September 4th Colliers report finds that Manhattan’s office market supply is tightest since 2020 ​ By Julian Nazar, Crain’s New York Business​ Manhattan office availability fell below 12% in August for the first time in over four years, with supply reaching its lowest level since September 2020.​ Homogenization of the

Articles of the week ending August 21st ANV Group Holdings leases full floor of space at AmTrustRe’s 59 Maiden Ln. ​ By Julian Nazar, Crain’s New York Business​ 59 Maiden Lane has reached 100% occupancy after ANV Group Holdings signed a 14,800-SF full-floor lease, highlighting strong leasing momentum in Lower Manhattan.​ CMBS Loan Backed by