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W&H Fills Last Retail Space at 1350 Broadway
Fill 'er up! For caffeine guzzlers unable to find one of the 17,000 Starbucks currently operating on, oh, every other block across 50 countries, the search just got a little easier. Indeed, W&H...
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Where Manhattan's Sublet Availability Is Headed
Cassidy Turley's research guru Robert Sammons divines the signs... Manhattan’s overall sublet availability slid to 10,475,178 square feet in July 2011, its lowest level since it stood at 9,312,836 in...
View ArticleOn the Market: Elderly C Train; $35K Tribeca Townhouse; Refi Fallout;...
Storm of some sort scheduled to arrive this weekend. [NY Times] But, seriously, subways and buses could be cut starting Saturday. G train riders will not notice. [Journal] Older than sin, the C train's...
View ArticleThe Closing: Super-Late Labor Day Weekend Edition
Perhaps the most articulate review ever of a carousel: Jean Nouvel's design for Jane Walentas. [NY Times] It's First Avenue's moment to shine because Second Avenue's so terrible right about now....
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The Recycler
Mr. Farkas started Metropolitan Realty Associates in 2001. In its heyday, the manufacturing plant in Garden City, Long Island, housed laboratories for DuPont Pharmaceuticals before it went on to harbor...
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Trumpeting Change on Third
Since 2009, Gerard Nocera, Michael Reid and John Monaco have helmed Herald Square Properties, an investment and operating company that has, since launching, provided asset management services for more...
View ArticleUpscale Footwear Walks Into 807 Washington
Fashionable club-goers and maybe even a few hog butchers will be able to navigate the brick roads of the meatpacking district in style now that Nicholas Kirkwood, the upscale designer footwear brand...
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Taking Economic Stock at Summer’s End
A winter of discontent coming? The summer our discontent behind us, the weight of inaction threatens anew. It is readily apparent from the most recent data that economic growth and labor market trends...
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The Good and the Bad News About Jobs and the Office Market
Cassidy Turley research guru Robert Sammons on private-sector job gains and the Manhattan office market: What double-dip recession? What jobless recovery? There has been so much doom-and-gloom...
View ArticleThe Closing: Doorman Debate; 3 Columbus Circle; Night at the Apthorp
Jonathan Miller breaks down Manhattan housing, pre- and post- 9/11 and Lehman Brothers. [Journal] How the Lower Manhattan skyline changed—slowly—over the last decade. [Curbed NY] 3 Columbus Circle...
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Finance Firm Expands in Trinity’s 100 A of A
Two Sigma Investments, an international finance and technology firm, has inked a five-year lease at 100 Avenue of the Americas that will allow the company to expand from its current 38,332 square feet,...
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High-End Coffee Outfit Signs with Harbor
Coffee Bean & Tea Leaf, which is a purveyor of bowling balls (seriously, though, they sell coffee), has signed a 1,500-square-foot retail lease on the ground floor of 1412 Broadway. The deal at the...
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Silverstein's Janno Lieber on the Progress at Ground Zero
Mr. Lieber joined Silverstein in 2003. Uniformed men milled about, waiting for Leon Panetta, the newly appointed Secretary of Defense, to embark on his morning tour of 7 World Trade Center. At the same...
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Mitch Rudin’s Quarterly Report
In June, Mitch Rudin took the reins as Brookfield Office Properties’s president and C.E.O. of U.S. Commercial Operations following news that Ric Clark would relinquish his role as president of the...
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The Fall Season in Downtown
Tara Stacom of Cushman & Wakefield. “I’m more bullish today than I was in 2007,” said Cushman & Wakefield’s Tara Stacom of 1 World Trade and the outlook for the 1,776-foot tower that will...
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Two Men and a Heyday
Michael Lehrman. As a kid, Michael Lehrman used to play a game with his grandfather, the late Bronx landlord and developer David Buntzman. They would walk into a restaurant when they knew it would not...
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Why a Merger Wave Washed Over Manhattan CRE in 2014
TOP DOGS: Savills Studley’s Mitchell Steir; Massey Knakal Realty Services’ founders Paul Massey and Robert Knakal;and Peter Hennessy, the president of the New York Tri-State Region at Cassidy Turley...
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Multifamily Meltdown
Many say multifamily development in New York City rests on the 421-a tax abatement (Carlos Zamora) It is a question clanging around the minds and meetings of residential lenders this spring: What if...
View Article10 Reasons Investors Should Pay Attention to Commercial Real Estate in Boston
For commercial real estate investment, the Boston region remains one of the choicest of markets. It’s not simply because it’s less expensive than New York or San Francisco—though there’s that too—but...
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De-Foresting Plan: A Look at Forest City’s Retail Sell-Off
In August 2016, Forest City Realty Trust announced it was getting out of the mall game. The company’s board of directors had green-lighted “a process to review strategic alternatives” for its...
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