leases
Empire State Building filling up to the brim with addition of latest tenant
The newest tenant, global management consulting firm Kearney, just claimed the highest two office floors -- 78 and 79, where it signed for 27,866 square feet. (Higher floors are broadcasting...
$128M upgrade helps former CBS headquarters keep white-shoe firm
In the latest reflection of Sixth Avenue’s enduring appeal, global law firm Orrick, Herrington & Sutcliffe renewed its lease on 144,312 square feet for fifteen years at 51 W. 52nd...
Hudson Yards skyscraper The Spiral lands five new tenants to lift occupancy above 80%
The Spiral has been a favorite Realty Check subject since we first reported Pfizer would anchor the Tishman Speyer tower back in August 2017. Its strong pulling power -- enhanced...
Flexible co-working facility The Square replaces former WeWork floors
WeWork’s former floors at Hines’ 205 Hudson St. will survive as co-working space, but under a different business model and with some redesigned sections. Hines, which owns the boutique office...
Wall Street-area office market sees strong leasing activity in May, CBRE report finds
The market saw 321,000 square feet of office deals last month, according to CBRE -- 17% ahead of the five-year monthly average of 274,000 square feet.
Related's Hudson Yards inks 2 major deals in Covington & Burling, Susquehanna International Group
Two just-signed, major, new deals demonstrate the sustained appeal of Related’s Hudson Yards complex -- and the preference for newer buildings over highly-regarded older ones. Warner Bros. Discovery (WBD), the...
French hospitality outfit Accor signs lease at Michael Shvo's 711 Fifth Ave
The sounds of levity at 711 Fifth Avenue last week didn’t come from the spectacular Core Club on the tower’s top four floors, but from the new offices of Accor...
Manhattan office leasing soared 70% in May -- Midtown deals lead the charge
Midtown alone say nearly 2 million square feet of office space snapped up, according to a Colliers market report.
Chinese retailer Miniso signs lease at JEMB Realty's 150 Broadway
FiDi's sagging retail scene just got a badly needed boost. Chinese “lifestyle” and consumer goods chain Miniso, which has more than 6,000 stores worldwide including two in Manhattan, signed a 5,000 square-foot...
Lower Fifth Avenue retail scene thriving after several high-profile leases, expansions
Manhattan’s retail scene is such a mixed bag as to defy generalization.
22 Vanderbilt draws in 5 new leases with major amenity upgrades, Grand Central access
In the realm of repositioned “Cinderalla” buildings, Milstein Properties’ 22 Vanderbilt – once known as 335 Madison Ave. – stands with the most elite. The Madison Avenue tower between East...
Lefty Manhattan pols back rent control for the rich — under false pretense of helping middle class
A bill being pushed by Manhattan state Sen. Liz Krueger and Assemblywoman Linda Rosenthal offers rent control for the rich -- under the pretense of protecting middle-class New Yorkers.
Proposed law would limit massive rent hike at Billionaire's Row Co-Op, other buildings
A proposed state law seeks to prevent skyrocketing rental costs for 25,000 co-op apartment dwellers who live in buildings with ground leases.
Park Avenue vacancy rate lower than before pandemic after recent large deals
It’s no secret that some Midtown office corridors are doing better than others. Even so, a new Savills survey contains a remarkable finding: Park Avenue’s current availability rate of 8.9%...
City Winery adds to Pier 57's 'culinary diversity' with Mediterranean restaurant, rooftop sushi and tequila bars
Pier 57, the urban playground and commercial complex in the Hudson River off West 15th Street, is now almost fully leased. A just-signed deal for City Winery added 14,600 square...
Developers want to convert unused offices into housing — here's what's stopping them
It's easier said than done to convert fiscally distressed office towers into affordable housing.
A class above: NYC's trophy offices are running out of space
Demand for the best office buildings in the Big Apple has not only recovered — it’s causing a spillover effect.
Veteran NYC restaurateurs join forces to inject new life into Midtown's zombie food halls
There’s new life for Midtown’s zombie food halls. New York restaurant legend Stephen Hanson and international hospitality operator Alex Gaudelet are re-launching five major Midtown halls previously run by UrbanSpace,...
Former CBS home Black Rock nearly 90% leased after amenity-filled transformation
Twentieth Century office towers can’t survive in the Twenty-First on their historic reputations, architectural distinction or landmark status. Companies today place a higher value on an older property’s contemporary assets...
Lower Manhattan office space 'tours' on the rise despite Downtown's struggling properties
The Downtown office market is in even worse shape than widely reported data indicate, according to several major dealmakers. One of them, an industry legend not given to doom-and-gloom scenarios,...