Survey: NYC commercial properties overvalued
Office buildings and other commercial properties in Manhattan are overvalued, especially compared with commercial real estate in other major global cities, according to a survey … Continued
Category : Blog
Shopping concept store takes 4,000 s/f on Madison Avenue
980 Madison Avenue Cushman & Wakefield announced today that it represented Suite 1521, a new shopping concept slated to open in September, in a 4,000-square-foot … Continued
Report: More New Yorkerâs are struggling to pay the rent
Nearly one third of New York City renters are forking over half their salary every month to pay the landlord.
A new report from NYUâs Furman Center for Real Estate and Urban Policy, says that and infulx of residents and a uncertain development pipeline has created âincreasing affordability challengesË® for New York City renters.
âGiven that two-thirds of New Yorkers rent their homes, itâs concerning to see that rental housing has become increasingly expensive across the city and increasingly unaffordable to many tenants,â said Ingrid Gould Ellen, co-director of the Furman Center.
CBRE opens ‘shop window’ for research papers
CBRE Group, Inc. has launched the Global Research Gateway – a new online portal providing access to CBRE’s extensive real estate research, knowledge and insight … Continued
$4B Carey merger catapults investment managerâs status
W. P. Carey Inc. has announced a $4billion merger with its non-traded REIT affiliate Corporate Property Associates 16 â Global Incorporated, know as CPA:16 â … Continued
New York ahead of the curve as demand outstrips supply in multi-family market
By Holly Dutton Sales of multi-family properties have doubled in New York City since the first quarter of the year. Fueled by rising rents and … Continued
Subleases trump traditional leases amid New York City tech boom
From social media heavy-hitters like Tumblr and Foursquare to creative content providers like BuzzFeed, Manhattan has become a veritable hotbed for technology startups, and that, … Continued
Parsonâs New School of Design on the block
By Sarah Trefethen The Times Square building that is home to the fashion school at Parsons The New School for Design is for sale. 560 … Continued
Development site sales drive $10B buying spree
The revival of development site sales helped push Manhattan’s investment sales up to $10.56 billion in the first half of this year. Randy Modell, vice president of Ariel Property Advisors, said razor thin vacancy levels are driving up rents and condominium prices are rising sharply as buyer demand meets scarce product. “Both trends are fueling …
Sweetgreen to open first NYC spot in NoMad
Sweetgreen, the organic, farm-to-table salad shops founded in Washington, D.C., has opened its first NYC location. This is the 20th location of sweetgreen, opening six … Continued