Category : Featured

The New York City Council has just introduced a bill that aims to increase the penalties for commercial landlords engaging in tenant harassment. The bill, Int. No. 851, was introduced last Thursday with the aim of “curtailing harassment of small businesses and other non-residential tenants.” If adopted in its current...

Cushman & Wakefield yesterday (Tuesday) released mid-year statistics for the Manhattan commercial real estate market that show healthy new leasing activity through the first half of the year. Total new leasing reached 15.3 million square feet (msf), with a vacancy rate of 8.8 percent, which marks the first time the...

The Mayor’s Office of Special Enforcement (OSE) was allocated $1.2 million in additional funds to fight illegal conversions of residential units to hotel rooms. Illegal hotels, which have been making news with the battle between short-term rental site Airbnb and the City, have been increasing rapidly in recent years. Last...

As the real estate industry braces for the impact of the financial turmoil in Greece and China, experts point out that not only is New York City’s real estate market impervious to crises, it may actually benefit from the movement of panicked investors. “It might make some Chinese investors say,...

Availability rates are down across the range of Manhattan sub-sectors, including Midtown, where vacancy is at its lowest point since the late summer of 2008. Yet despite the notable demand and climbing prices, space in the heart of NYC is apparently “still reasonable.” “I still consider Midtown a relative bargain,”...

Michael Rudder knows the secret to becoming a successful commercial real estate broker – find your niche. Principal of Rudder Property Group, he is one of the few brokers to specialize in the New York City office condo market, and claims to hold the record for selling the most Manhattan...

Today, New York Restoration Project (NYRP) unveiled a master plan to design, build, and fund a new network of connected open spaces that will improve quality of life and deliver measurable health benefits for South Bronx residents with parks, tree-lined streets, public art, bike lanes, and waterfront access. Known as...