Yesterday, CB Richard Ellis Gene Spiegelman, executive director, Cushman & Wakefield New York said: “Through midyear 2008 Fifth Avenue consolidated its position as the world’s most expensive retail address with prime rents around $1,850 sq ft. Ground level retail rents, however, broke the $2,300 sq ft barrier with the lease to Abercrombie at Read More
Be generous to those Fifth Avenue merchants this holiday shopping season: They’ve got a helluva rent to pay. According to a new CB Richard Ellis report, Fifth Avenue remains the world’s most expensive retail destination, with rents reaching $2,200 a square foot annually, more than 75 percent higher than in Hong Kong, the second most Read More
With apartments fetching an average price of $7,500 per square foot, Fifth Avenue ranked third place in a new survey of the top 10 most expensive residential streets in the world from Barclay’s Wealth Bulletin. But if you thought top-tier residential prices in Manhattan were stratospheric, take a look at the two most expensive Read More
The falling dollar can’t stop Fifth Avenue, so it seems.
The midtown retail strip once again tops a list of the world’s most expensive shopping strips, according to a report by brokerage Cushman & Wakefield. It beat out Hong Kong’s Causeway Bay, the Avenue des Champs Elysées in Paris, and New Bond Street in Read More
Here is a clip of Michael Bloomberg chatting with Tom Brokaw at Cooper Union last night explaining why being mayor in New York is better than being the top official in the country.
Bloomberg explained that if, say, he wanted to change the direction of traffic on Fifth Read More
Gawker reports that Forbes will announce it's selling its headquarters at 60 Fifth Avenue and is in talks to build a new headquarters in the city.
An anonymous tipster on Gawker said:
“We will be announcing tomorrow that Forbes has retained Cushman & Wakefield to pursue the sale of the Read More
Joseph Moinian has officially closed on 417 Fifth Avenue.
The developer dropped $125 million for the 11-story, 392,000-square-foot building, according to city records.
The Observer reported way back in February when this deal went to contract. The building sits on the corner of 38th Street and some of its main tenants are a Read More
Fifth Avenue in midtown remains the most expensive corridor on Earth for retailers to rent along, but Madison Avenue, for the first time, isn't too far behind. A recent report from brokerage Cushman & Wakefield said the average asking rent for retail space on Madison Avenue in midtown was $1,019 a square foot annually Read More
If you tour the model residences of 995 Fifth Avenue, chances are you will buy a unit in the building, according to Extell’s Gary Barnett.
Maybe he’s right.
Over half of the 26 units in the Upper East Side development have sold, according to a press release. In just 30 days, over Read More
A condo has finally and officially sold in the renovated Plaza Hotel. While many units are under contract in the refurbished hotel, this is the first sale that has officially closed.
The sale appeared in city records on June 21 for $11.2 million. The buyer is listed as Hampshire Industries.
In August Read More