Structural scare at former Pfizer tower jolts Manhattan as major office and retail deals move ahead
After columns buckled at 235 East 42nd Street, attention shifted to project safety even as office and retail leasing stayed active.
Sam Losek
New York
Commercial real estate news and analysis for the New York market.
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NYC Office Market Surges Past 4.2M SF in May, Crushing Decade-Long Averages
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.
Sam Losek
FinTech AI Startup Breaks Leasing Dry Spell at Chelsea Office Tower
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.
Sam Losek
TQ Ventures Secures New SoHo Headquarters in Long-Term Office Lease
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.
Sam Losek
Fashion Distributor NYC Alliance Expands to 50K SF at 1441 Broadway in Midtown Relocation
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.
Sam Losek
Financial Trading Firm Optiver Doubles Down on Midtown South with Major Expansion at BXP Tower
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.
Sam Losek
Newmark Defies Market Jitters with Strong Q4 Performance
Newmark beat Q4 earnings estimates with 68 cents per share versus the 66-cent Wall Street consensus, even as its stock dipped amid AI disruption concerns.
Sam Losek
Colliers Strengthens Tri-State Leadership with Strategic Hire from Mohr Partners
Colliers adds Corey Horowitz as SVP for its tri-state region, bringing 20-plus years of office leasing expertise from Mohr Partners.
Sam Losek