1540 Broadway Sale: The Gift of a Comp

Twenty feet, nine inches from the southeast corner of Broadway and 46th Street rises a building known as 1540 Broadway, 1.1 million square feet of pure, honest-to-goodness office space in one of Manhattan’s most coveted commercial markets: Times Square.

Deutsche Bank sold the office condo portion of the building last week Read More

Mood Ping! Stages of Commercial Grief Shift

At 8 on Tuesday morning, Brasserie, an omelet house of choice for real estate heavyweights, was nearly empty. Maybe the winter recess in Westchester public schools had Papa and kids sunning in Acapulco. Or maybe his firm is keeping a closer eye on expenses. And with good reason.

If one thing’s for sure in Read More