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 – WSJ​By 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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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
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