Category : Blog

The local job market has been flexing its muscles and the result is a raised bar for Manhattan’s office rental sector. According to Cassidy Turley’s recently released Third Quarter Manhattan Office Market Report, New York’s total employment numbers have increased by 2.2 percent over the past year and the result has been a total of 5.7 million sf of office space being leased throughout Manhattan. On the back of 16,500 new professional and financial sector jobs, the Third Quarter of 2014 saw 2.8 million sf of positive absorption and the lowest vacancy rate in six years. Midtown South’s rapid development is leading the charge.

By Holly Dutton When you watch the promotional movie Larry Silverstein and Robert A.M. Stern shot for 30 Park Place, their first collaboration as builder and architect, you could be forgiven for believing the two stalwart New Yorkers were life-long buddies. The film — shot in the back of a...

CBRE Capital Markets’ Debt & Structured Finance team has arranged a $52.4 million construction loan to facilitate the conversion of 99 Wall Street, a 100,000 s/f, 26-story building in Downtown Manhattan, into luxury condominiums on behalf of New York City developer, The Claremont Group. Mark Fisher of CBRE’s Midtown Manhattan...

NGKF is racking up the tech tenants at 229 West 43rd Street, the former New York Times Building gutted following the newspaper’s exit and now owned by Equity Office and home to a plethora of TAMI folk. PubMatic, an advertising program purveyor, signed a lease for 18,911 s/f after growing...