Commercial real estate news and analysis for the New York market.
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Blaise Punturo examines the gap between Greenwich CBD and non-CBD office indicators, then works through how concessions, lease costs and income assumptions can change an investor's underwriting.
Allied Realty & Development acquired the 22-unit, free-market property at 312 Bowery for $16.65 million in a sale arranged by Marcus & Millichap.
After columns buckled at 235 East 42nd Street, attention shifted to project safety even as office and retail leasing stayed active.
Derby Copeland Capital provided a $54M refinancing on 660 Lexington Avenue, brokered by Meridian Capital Group for borrowers Rybak Development and BK Developers.
Manhattan office leasing hit 4.24M SF in May 2026, a 17.3% monthly jump that exceeded the 10-year average of 2.79M SF by more than 50%, per Colliers data.
CRED iQ analysis of 3,700 CMBS loans finds debt yields at a 10.3% weighted average as negative leverage persists in multifamily, industrial, retail, and self-storage.
Spade Data signed a 6,933-square-foot lease at 155 West 23rd Street in Chelsea, marking the first new commitment at the building since space returned to market in 2025.
TQ Ventures signed a 10-year, 7,415 SF lease at 96 Spring Street in SoHo, establishing the venture capital firm's new primary headquarters.
NYC Alliance, the company behind Juicy Couture, signed an 11-year, 50,000 SF lease at 1441 Broadway, relocating from half a block away at 1411 Broadway.
Geopolitical tensions involving the U.S., Israel, and Iran are adding fresh uncertainty to CRE markets, threatening energy costs and interest rate outlooks.
Jonathan Rose Companies acquired the 126-unit Caroline Apartments in Manhattan's Inwood for $53M, the eighth deal for its Affordable Housing Preservation Fund VI.
Optiver expanded by 92,000 SF at BXP's 360 Park Avenue South, bringing its total to ~115,000 SF in a broader 184,000 SF leasing wave at the Midtown South tower.