realty check
Empire State Building thriving despite doom-and-gloom NY Times forecast
Offices and retail spaces that were 90% leased at the time of the premature obituary are now 93% leased. In the latest new office deal, fintech firm Pontera Solutions just signed...
NYC development near Seaport stuck in legal limbo is finally greenlit in latest blow to Engoron
The victory for Howard Hughes Holdings also marked another stinging slap in the face to Manhattan Supreme Court Justice Arthur Engoron, who presided over Donald Trump’s civil trial earlier this...
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.
Luxury West Midtown rental space The Ellery offers rooftop pool, fitness center as leasing begins
The building by Taconic Partners and National Real Estate Advisors has an address of 312 W. 43rd St. but its taller portion is a 32-story tower above West 42nd Street.
Waldorf Astoria operator stays mum on reopening date after prolonged shutdown
The prolonged shutdown is an embarrassment to operator Hilton, which has spread the “Waldorf Astoria” brand around the world while the New York original remains dark.
NYC hospital-building boom on Upper East Side roils upper-crust residents
The Upper East Side, once known as the Silk Stocking District, has embraced cotton scrubs -- but not everyone’s thrilled about it.
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...
Brooklyn Fare Kitchen & Market opens largest location on Lower East Side
It’s been nearly three years since we first reported the lease signing, but Brooklyn Fare Kitchen & Market finally opened last week at Extell’s One Manhattan Square condo tower on the...
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%...
New York City apartment evictions in 2023 not as bad as media say it is
Bleeding-heart real estate myths die hard. Take propaganda that residential evictions are surging in the Big Apple. The false argument was endlessly cited to support so-called ��good-cause eviction” (which would...
Rudin family plans to sell downtown's 80 Pine St. to Brooklyn developer Bushburg for $160M
If the prospective sale goes through, the new owners might attempt to convert the building to apartments as several other downtown owners are in the process of doing.
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...
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,...
CBRE rolls out new-look 'Real Estate Capital of the World' banners across city
Face it, leasing activity is less than overwhelming these days. So the heavy-hitters at CBRE took advantage of the lull to give the 8.2 million New Yorkers what everyone was clamoring for:...
Dumbo Market signs lease at Jasper on Hunter's Point waterfront
Jasper, the big, mixed-use project rising on the Hunters Point waterfront, caught a big one for its retail portion. Dumbo Market, a gourmet food emporium that’s currently operating as Urban...
More NYC landlords tout 'fun' office amenities despite vacancy uptick
The fun-factor train keeps on chugging along at the city’s premier office buildings as landlords struggle to arrest an alarming increase in vacancies, which now top 20% overall. The Post reported...
Park Avenue landlords boast new leases after glowing Sixth Ave. report
Park Avenue landlords are tooting their horns after we reported last week that Sixth Avenue regained a narrow edge over Park in terms of the least percentage of available space. The Stahl...
Westfield blasted for bungling leasing at Fulton Center where storefronts remain vacant
But it’s also true that the subway station’s doughnut-domed “shopping” atrium at Broadway and Fulton Street has been a flop since it opened in 2014, long before the Covid-era uptick...