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Whole Foods to beef up NYC footprint with new outpost in East Village as Manhattan real estate remains in flux
The circumstances reflect a Manhattan retail scene that continues to be in turbulent flux, struggling to get its juice back after the pandemic and -- maybe more critically -- the online...
NYC's MetLife Building picks major firm to run iconic tower in surprise twist
The MetLife Building, a crown jewel asset of the Grand Central-East Midtown office district, is putting all its assets under one ownership and management roof, Realty Check has learned.
Wall Street-area office market sees strong leasing activity in May, CBRE report finds
The market saw 321,000 square feet of office deals last month, according to CBRE -- 17% ahead of the five-year monthly average of 274,000 square feet.
CBRE rolls out new-look 'Real Estate Capital of the World' banners across city
Face it, leasing activity is less than overwhelming these days. So the heavy-hitters at CBRE took advantage of the lull to give the 8.2 million New Yorkers what everyone was clamoring for:...
Restaurant boom leads to 'observably livelier' streets in Downtown and Midtown: survey
Scores of new restaurant leases are “restoring vibrancy” to midtown and downtown, according to a new CBRE survey. Citing “observably livelier” streets over the summer, the study argued that over 100 recently-signed...
More workers returning to NYC office buildings than previously reported: study
There are lots more employees in Big Apple offices than the most often-cited “barometer” of attendance would have you believe.
'C-Note' leases – north of $100 per square foot – are enriching Manhattan
To office landlords’ joy, C-Note leases – those with starting rents of $100 and up – are making a robust rebound, helping to quell fears about the office market’s long-term...
Pessimists were wrong: A great Manhattan office exodus didn't happen
The city’s office market is wearing a smaller shoe size due to the pandemic — but the footprint shrank by much less than was feared.
Wegmans deal signals reawakening appetite for Manhattan leases
When huge stores such as Barneys and Century 21 stand vacant, and “for lease” signs outnumber occupied storefronts on many Manhattan blocks, any sign of a retail uptick is welcome.
Real estate 'unicorn' Orchard Technologies moving downtown
Orchard Technologies, a newly minted “unicorn” that aims to simplify the home-selling-and-buying process, had its own odyssey finding a new home for its fast-growing business.
Developer to break ground on first brand-new Dumbo office building in 100 years
On Sept. 14, developer Edward J. Minskoff and JP Morgan Global Alternatives will take the plunge on 29 Jay Street, a 252,000 square-foot office and retail address to rise in...
Contemporary art hotspot Petzel Gallery is expanding and relocating
In a major art world move, Petzel Gallery is relocating its contemporary collection and exhibition space to the Feil Organization’s redeveloped 520-530 W. 25th St.
Real estate industry confidence skyrockets as commercial deals rebound
It was the worst of times, but now the industry is hoping for the best of times. After an upside-down year of stalled investments, things are on the upswing.
Manhattan's office leasing taking a dive
Amid intensifying calls to convert some older Manhattan office buildings to residential — including by the influential Real Estate Board of New York — comes even more grim news about...
Restaurant owners looking for rent relief over coronavirus slowdown
Restaurateurs staggered by the loss of customers to the coronavirus want relief on their highest operating cost — the rent. Phil Scotti, an owner of three P.J. Clarkes locations in...
Silverstein Properties taps Goldman Sachs' Dino Fusco as COO
Silverstein Properties has tapped Dino Fusco as its chief operating officer. Fusco most recently managed Goldman Sachs’ vast global real estate portfolio. Larry Silverstein called Fusco “a superb fit” for...
A remarkable number of restaurants opening in NYC
For a city where killer rents and escalating minimum wages supposedly make it impossible to open a new restaurant, it’s remarkable how many new restaurants are opening. CBRE senior vice...
60 Wall St. taps CBRE to market office space
The owners of 60 Wall St. have tapped CBRE to market the tower’s 1.7 million square feet of office space once Deutsche Bank moves out, sources said — a pivotal...
The stories behind the best real estate deals of 2018
The winners are in. The awards for the Real Estate Board of New York’s most ingenious deals of 2018 were revealed. The first place Henry Hart Rice Achievement Award was...
Quad Prep School opening new location
A downtown school is expanding to another location. This fall, the Quad Preparatory School will open a program for its middle and high school students at 19 Cedar St. The...