Articles of the week ending November 18th Fintech Firm Robinhood, Dick’s Sporting Goods Each Take 125K SF at Penn 2 – Commercial Observer By ISABELLE DURSO, Commercial Observer Robinhood and Dick’s Sporting Goods each signed 125000 square foot office leases at Vornado’s Penn 2 tower marking major new deals that boost the building’s occupancy toward […]
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Articles of the week ending November 7th Rising Costs, Shifting Market Have Office Landlords Tightening The Purse Strings On TI By Patrick Sisson, Bisnow Office tenant improvement (TI) allowances, which surged over the past decade, are now flattening as rising construction costs and cautious landlords shift strategies, favoring longer leases, reduced concessions, and selective spending
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Articles of the week ending October 31st News _ How would New York real estate look with Mayor Mamdani_ These cities may offer clues_ By Ryan Ori, Brannon Boswell, Jonathan Lehrfeld, Andria Cheng, CoStar News New York’s real estate industry fears major disruption under expected Mayor Zohran Mamdani’s progressive agenda, but experiences in cities like
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Articles of the week ending October 24th Zohran Mamdani Promises to Make NYC More Affordable. What to Know About His Planned Policies – WSJBy Joseph De Avila, The Wall Street Journal NYC mayoral candidate Zohran Mamdani is campaigning on ambitious affordability reforms like free child care, fare free buses, a rent freeze, and a $30
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Articles of the week ending October 17th What’s next for Kushner Cos.’ Puck Building in SoHo, Manhattan _ Crain’s New York Business By Julianne Cuba, Crain’s New York Business REI will vacate its 40000 square foot flagship store in SoHo’s historic Puck Building next year, and landlord Kushner Cos. is seeking a new tenant for
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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
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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
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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.
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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
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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
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