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Articles of the week ending January 10th News _ Historic office building on Manhattan’s Park Avenue sells at 40% discount​ By Andria Cheng, CoStar News​ Williams Equities acquired the historic 470 Park Ave. S office building in Manhattan for $147.5 million, a 40% discount from its previous sale price, and plans further renovations to enhance […]

Articles of the week ending January 3rd Two Park Avenue Office Towers Change Hands in End-of-2024 Deals​ By Connect CRE​ Munich Re acquired full ownership of 320 Park Ave. for an estimated $500 million to $525 million, while Haddad Brands purchased 2 Park Ave. for $360 million in significant Manhattan office transactions. RXR, SL Green,

Articles of the week ending December 20th Top Office Leases of NYC November 2024​ By TRD Staff, The Real Deal​ The New York office market saw significant activity in November, highlighted by major leases from firms like Ropes & Gray, TPG, Apple, and Verizon, indicating a strong demand for space as the year concludes. Times

Articles of the week ending December 13th SL Green Refinances 100 Park, Set to Buy Partner’s Interest​ By, Holden Walter-Warner The Real Deal ​SL Green has refinanced its debt at 100 Park Avenue, extending the mortgage maturity to December 2027 with an additional $70 million, while also securing a significant 220,000-square-foot lease with Alvarez &

Articles of the week ending December 6th This Week’s N.Y. Deal Sheet_ Vornado Lands New Deals With Apple, Amazon (December 12, 2024)​ By Ciara Long, Bisnow​Vornado Realty Trust secured significant leases with tech giants Apple and Amazon, while other notable transactions included Winston & Strawn renewing its lease at 200 Park Ave. and various deals

Articles of the week ending November 29th News _ Why a tech firm that can help companies work remotely is leasing more offices​ By Katie Burke, CoStar News​ Monday.com is significantly expanding its office spaces worldwide to create attractive environments that encourage in-person collaboration and accommodate its rapidly growing workforce, despite being a company that

Articles of the week ending November 22nd Floyd Mayweather Jr Buys Office Buildings With 601W Companies​ By Suzannah Cavanaugh, The Real Deal​ Floyd Mayweather Jr. is making significant real estate investments, including a partnership with 601W Companies, betting on a post-pandemic office recovery and looking to reposition assets and acquire distressed properties in major cities.

Articles of the week ending November 15th Real-Estate Scions Are Breaking a Cardinal Rule_ Never Sell​ By Peter Grant, Bloomberg​Multigenerational real estate families in New York City, traditionally committed to never selling their properties, are now facing the harsh realities of a declining office market and are making emotionally difficult decisions to sell long-held assets

Articles of the week ending November 8th What EV Charger Mandate Means for NYC Parking Garages​ By Erik Engquist, The Real Deal​ Landlords are facing a growing mandate to install EV chargers in garages, which presents significant infrastructure challenges and costs, but also represents an essential amenity for attracting tenants as the demand for electric

Articles of the week ending November 1st  This Once Hot Real-Estate Type Is Now Being Offered as Office Space​ By Peter Grant, The Wall Street Journal​The once-booming demand for life-sciences properties has declined sharply post-pandemic, leading developers to repurpose lab spaces for office use amid a significant oversupply and faltering market conditions. New York plans