The investment sales market, most brokers agree, has been heating up over the past 12 months. Approximately $25.8 billion in commercial properties changed hands last year, a turnaround that represented an 88 percent increase over 2010. But while the positive uptick is easily verifiable, what happens next for Manhattan’s investment sales market is still up in the air.
Accordingly, The Commercial Observer set out to speak with the real estate industry’s most accomplished capital markets and sales practitioners to learn what’s in store for 2012. Over the next several days, we’ll post interviews with heavy hitters like Richard Baxter of Jones Lang LaSalle, J.D. Parker of Marcus & Millichap, Darcy Stacom and William Shanahan of CBRE and Peter Hausperg of Eastern Consolidated. But, first, after the jump, none other than Woody Heller of Studley.
A little bit of Silicon Valley is moving to Manhattan.
Electronic Arts, the interactive software and video game company headquartered in Redwood City, Calif., has signed a five-year lease at 1515 Broadway.
Covering 7,213 square feet on the 36th floor, the game developer will be neighbors with other high-impact media companies like Nickelodeon, MTV and Read More
alley vs. valley
For all the talk about how the Silicon Alley tech scene is exploding, New York can be a scary place for a young startup. Rent is high, beer is expensive and the fierce competition over sparse technical talent means founders had better keep their developers close.
And yet in the past two years, Read More
Valley to Alley
There were a few stories this morning about the news that Accel Partners, one of the top three venture capital firms in the nation, is opening an outpost in New York.
But by and large there wasn’t much comment from local VCs on the issue, until Lerer Ventures’ Jordan Cooper raised the issue Read More
alley vs. valley
New York has more high tech jobs than any other American city, according to BusinessWeek.
The 316,971 people employed in the high tech industry in the New York City metro area bring in an average wage of $98,541. Washington came in second place, with 292,969 jobs, and San Jose/Silicon Valley came in third Read More
Dealbook has a roundup of bubble talk from investors and experts talking about how the hype around startups reminds them of the boom before the dot-com bust:
“I’m not saying Quora, Foursquare, Square aren’t eventually worth a lot of money, but the price to pay to get into those games is kind of Read More
Alley Vs Valley
Foursquare is opening an office in San Francisco. On the one hand, this is great news, because it means the NY-based startup is expanding fast.
On the other hand, it’s kind of a downer, because as Foursquare made explicit in a blog post, New York’s tech scene just couldn’t provide the talent they Read More
Alley Vs Valley
“The big location question used to be San Jose or San Francisco, the valley or the city,” writes Paul Daversa, CEO of Daversa Partners, which helps VCs and startups find executive talent.
But things have changed recently. “For the first time in my 20 years of search, the deal flow and investment lines Read More
Deals, Venture Capital
New research from CB Insights shows that while Silicon Valley is still the biggest player in new tech funding, it share of the market has fallen by 7% since last year.
More importantly, as Nick Saint notes, New York — which has traditionally been viewed as a little brother to Boston Read More
Looking to dodge the news cycle, perhaps, the DOJ dropped a late Friday announcement about a settlement with six of the country’s biggest tech companies.
Google, Apple, Intel, Adobe, Intuit and Pixar have all agreed to quit putting in place crazy restrictions on hiring from each other, less than a week after HP Read More