From the glamorous to the quotidian, everything you need to know about New York City’s apartment market is contained on StreetEasy, except this: The city’s most powerful residential real estate site has begun a quest for new office space.
“We’ve got half a dozen places that are of real interest,” chief executive Michael Smith told Read More
When Bloomberg sailed into Wells Fargo’s chosen space at 120 Park Avenue, industry insiders were shaken by the switch. Now Crain’s reports that even Wells Fargo thought they had the space nailed:
“A few weeks ago, [senior vice president John] Saclarides got a call from the landlord telling him that the bank was being bumped Read More
Not since that ebullient fall of 2006 have Manhattan office brokers been so busy.
Leasing activity hit a four-year high in 2010, according to Cushman & Wakefield’s fourth-quarter Manhattan office report. Activity rose 61.4 percent in 2010 compared to the year before.
The bulk of the activity was in renewals, Joe Harbert, Cushman & Wakefield’s Read More
Manhattan’s commercial real estate brokers talk about vacancies the way newlyweds talk about divorce. It happens, just not to us.
Our island market is thought to be sheltered from the forces of over-building that imperil other cities. But in October 2007, 3 million square feet of office space flooded that market in a single month. Read More
Coworking is a growing trend among New York’s freelancers, especially for the tech set. Instead of plugging away in their pajamas or snagging a spot at the wi-fi cafe, coworker prefer a more organized, office atmosphere.
But how much does it really save, or cost, to rent a desk in this kind of co-working space? Read More
Twitter is increasingly billing itself as a media company, so the news that they were opening a Twitter office in New York made perfect sense. Read Write Web’s Marshall Kilpatrick broke the story last night, but it turned out to be only partly true.
It sounded like the East Coast digs weren’t quite 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 Read More
The days when real estate transactions were closed with a handshake between neighbors are disappearing. As commercial real estate activity creeps toward pre-recession levels, cross-border deals are also on the rise.
The internationalization of real estate deals began around 2000, but many investors retreated to more familiar turf when prices began to plummet. Now Read More
New York’s golden landmark has gone green.
The Helmsley Building may glitter in the sun, but until recently it was producing a dark cloud of carbon emissions. Now, thanks to a $100 million renovation that included double-paned windows, a high-tech system to monitor energy use, and better cleaning and trash disposal practices, Monday Properties has Read More
Si Newhouse will move Condé Nast into a building downtown, most likely One World Trade Center, to take advantage of below-market rents. The move is unlikely before 2014, but there is plenty to think about before then.
We took the temperature, and the results are — unsurprisingly — mixed!
“Basically everyone wants Read More