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The borough registered some notable rebounds across most fundamentals, according to CommercialEdge data
06/16/2025

The borough registered some notable rebounds across most fundamentals, according to CommercialEdge data

The nation’s biggest office metro regained its footing in early 2025, reclaiming top spots across several key metrics, CommercialEdge data shows. Manhattan once again posted the highest office sales prices and asking rents nationwide, while construction activity included sizable additions to the p...

CommonWealth Partners owns the architecturally distinctive building at the threshold of Hudson Yards.
06/04/2025

CommonWealth Partners owns the architecturally distinctive building at the threshold of Hudson Yards.

AI platform AlphaSense is relocating its global headquarters to Manhattan’s 441 Ninth Ave., also known as Hudson Commons. The property’s owner since late 2021 is CommonWealth Partners, of Los Angeles, according to CommercialEdge data.The announcement was a bit sparse on details, but an AlphaSens...

A renowned New York City dance company will waltz into its new space at the Paramount Building next year
06/03/2025

A renowned New York City dance company will waltz into its new space at the Paramount Building next year

The fabled Martha Graham Dance Co., which will celebrate the centennial of its founding next year, will move from its current site at the Westbeth Home of the Arts, at 55 Bethune St., to the Paramount Building at 1501 Broadway, Crain’s New York Business has reported.The new lease for 30,757 square...

The asset also attracted interest from Blackstone, Tishman Speyer, SL Green and RFR, according to reports.
05/22/2025

The asset also attracted interest from Blackstone, Tishman Speyer, SL Green and RFR, according to reports.

RXR will acquire 590 Madison Ave. for almost $1.1 billion, The Real Deal reported.State Teachers Retirement System of Ohio owns the 1 million-square-foot property in Manhattan and paid $202 million for the asset almost 30 years ago, CommercialEdge shows. The property is encumbered by a $650 million....

This is one of the borough's largest retail leases in recent years.
05/13/2025

This is one of the borough's largest retail leases in recent years.

Old Navy has leased half of JEMB Realty’s 34th & BWAY The Retail at Herald Square in Manhattan. The 55,000-square-foot commitment represents one of the largest retail deals in the borough in recent years and the most significant one this year.Old Navy will relocate from 150 W. 34th St. and plans t...

The luxury fashion brand has occupied this building's storefront since 2010
05/02/2025

The luxury fashion brand has occupied this building's storefront since 2010

Ralph Lauren has acquired its longtime SoHo retail space at 109 Prince St. for $132 million, according to public records. The luxury fashion brand purchased the property from Swiss investor Jean-Pierre Lehmann.The transaction includes two commercial condominium units totaling 9,909 square feet: a 4,...

The tenant occupies two full floors at the 55-story high-rise
04/18/2025

The tenant occupies two full floors at the 55-story high-rise

Empire State Realty Trust has signed a 77,382-square-foot renewal at One Grand Central Place, its 1.3 million-square-foot office tower in Manhattan’s Murray Hill submarket.Financial and information services consulting company Gerson Lehrman Group Inc. occupies two full floors at the high-rise, whe...

Three firms leased more than 40,000 square feet at this trophy office building
04/11/2025

Three firms leased more than 40,000 square feet at this trophy office building

Soloviev Group has signed three new long-term leases at its flagship property at 9 W. 57th St. in Manhattan, where asking rent is above $200 per square foot.Platinum Equity Advisors LLC, Hess Group LLC and Beaconlight Capital LLC cumulatively leased 40,728 square feet of trophy office space at the M...

Delaware Life provided a $93 million first mortgage
04/08/2025

Delaware Life provided a $93 million first mortgage

Himmel + Meringoff Properties has wrapped up a two-sided deal with its 300,000-square-foot mixed-use building at 525 W. 57th St. in Manhattan, combining a major refinance through Delaware Life with a “significant recapitalization” by Co-Managing Partners Leslie Himmel and Stephen Meringoff, the ...

Deutsche Bank Trust Co. Americas originated the loan, according to CommercialEdge information.
04/03/2025

Deutsche Bank Trust Co. Americas originated the loan, according to CommercialEdge information.

GFP Real Estate has obtained a $137.5 million refinancing loan for InnoLabs, a 266,791-square-foot office and life science building in Long Island City, within the Big Apple’s Queens borough, according to CommercialEdge information. Deutsche Bank Trust Co. Americas is the lender.Designed by Perkin...

Slow to progress, C-PACE recently got an upgrade in the Big Apple. Experts weigh in on the latest
02/25/2025

Slow to progress, C-PACE recently got an upgrade in the Big Apple. Experts weigh in on the latest

While C-PACE is gaining momentum across the U.S.—with more than 20 states adding or expanding their programs over the past year—the financing tool has seen little activity in New York City since its launch in 2021. Industry professionals attribute this slowness to a series of legislative deficie...

Two life science developments will expand the Kips Bay Science District by at least 2.5 million square feet.Skidmore, Ow...
02/19/2025

Two life science developments will expand the Kips Bay Science District by at least 2.5 million square feet.

Skidmore, Owings & Merrill

New York’s city council has voted to approve the Science Park and Research Campus Kips Bay and Innovation East life science projects, as announced by the New York City Economic Development Corp.

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