Real Estate

Empire State Building Has New Entrance

NEW YORK – The Empire State Building (ESB) officially unveiled the first phase of a new entrance last month to the Observatory at 20 West 34th Street. Part of the decade-long Empire State ReBuilding project, the new entrance provides visitors to its popular observation deck with a larger dedicated entrance which used to be shared […]

Real Estate

K Property Group Buys 446 Broadway

NEW YORK — K Property Group (“KPG”) says it has purchased 446 Broadway, a vacant five-story circa 1915 commercial building between Grand and Howard Street Building. The purchase price was not disclosed. Plans for the property include a major high-end renovation. When completed, there will be approximately 26,000 square feet of office space and 5,250 square […]

Real Estate

30 Hudson Yards Tops Out

NEW YORK – Related Companies and Oxford Properties Group announced that 30 Hudson Yards, the tallest building in the new Hudson Yards neighborhood, has officially topped out. The final beam was placed on the steel crown earlier this month. The 1,296 ft. tall building is made up of more than 40,000 pieces of steel weighing […]

Real Estate

LIC Rental Building Receives Design Award

LONG ISLAND CITY — The American Institute of Architects (AIA) Brooklyn, Queens and Bronx Chapters have named ARC, a luxury rental property in Long Island City, as the 2018 Brooklyn + Queens Design Award’s (BQDA) People’s Choice Award for Queens. ARC is a luxury rental property located at 30-02 39th Avenue in the Dutch Kills section of Long Island City, developed by real […]

Real Estate

Brooklyn Home Sales Drop in 2nd Quarter

BROOKLYN — Brokerage firm Stribling & Associates has released its second quarter Brooklyn Market Report. The report is the only to cover inventory, contracts and sales across the entire borough. The data revealed a yearly decline in the total number of closings, but a slight uptick in contract activity, as the number of properties listed surged to near-record levels. […]

Real Estate

Howard Hughes Corp. Buys 250 Water St.

NEW YORK — The Howard Hughes Corporation has purchased a one-acre property for $180 million at 250 Water Street in Lower Manhattan from Peck Slip Associates, an entity controlled by the Milstein family. The one-acre site, currently used as a parking lot, encompasses a full city block bounded by Peck Slip, Pearl Street, Water Street, and Beekman Street. The […]

Offices Real Estate

Midtown Tower Sold for $332.5 Million

NEW YORK — Columbia Property Trust has sold a 25-story office tower at 222 East 41st Street in Midtown Manhattan to Commerz Real, the real assets investment manager of German Commerzbank, for a gross sales price of $332.5 million. The 390,000-square-foot Midtown East tower had been essentially fully occupied by one tenant since 2007, in […]

Real Estate

SL Green Acquires Leasehold in 2 Herald Square

SL Green Realty Corp. announced it was the successful bidder for the leasehold interest at 2 Herald Square, which was in foreclosure. The Company has also reached an agreement to joint venture the asset with an Israeli-based institutional investor, subsequent to closing on the acquisition. Located on a prime corner of Herald Square (the intersection […]

Real Estate

McGraw-Hill Leases Five Floors in Midtown

NEW YORK — Real estate investment trust Paramount Group has signed a 136,176 square foot lease with McGraw-Hill Global Education Holdings, LLC at 1325 Avenue of the Americas, a 34-story Class A office tower located between 53rd and 54th Streets in Midtown Manhattan. McGraw-Hill Education will occupy floors 5 through 9, as well as a […]

Construction Real Estate

Construction Begins on Hudson Yards’ Observation Deck

NEW YORK – The massive Hudson Yards complex under construction on the West Side will have almost everything — including an observation deck. The developers of Hudson Yards — the Related Companies and Oxford Properties Group — have announced the start of construction on Hudson Yards’ Observation Deck. Standing more than 1,000 feet in the […]