While a far cry from a peak in 2007, the number of office transactions that crossed the $100-per-square-foot threshold in Manhattan last year—a whopping 56—was three times that of 2010, when only 19 such deals were tallied in the borough. The number of leases signed for office space in the $80-to-$99 range, meanwhile, also saw Read More
William Macklowe once won and lost big in a high-stakes real estate game, but his new firm is scoring more modest victories.
Four-hundred Madison Avenue was one of dad Harry Macklowe’s long-time holdings and one of two Billy held onto when the empire the two ran fell apart. Now the son has inked Read More
If you’ve noticed your office feels smaller lately, it might not be your imagination.
The average size of office transactions has fallen by about 50 percent since 1997, The Real Deal reports. That means it’s time to get a little cuddlier with your co-workers, as employers replace private offices with shared spaces and open Read More
All is not horrible in that special niche of the office market that caters to the price-insensitive, hedge-fund class. Indeed, that market might actually be stabilizing, if not looking up, according the latest monthly hedge fund activity report by Jones Lang LaSalle’s Cynthia Wasserberger.
Hedge funds tend to like small spaces, of about 3,000 Read More
Long before hedge funds were the household names they are today-or the pariahs they’ve become in some quarters-Cynthia Wasserberger was carving a promising if unintended niche in an unfamiliar market.
Fifteen years after her first series of deals for the so-called Tiger Cub spinoffs of the once powerful Tiger Fund, Ms. Wasserberger Read More
