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 […]

Real Estate

SL Green Sells 1745 Broadway for $633 Million

NEW YORK — SL Green Realty Corp., New York City’s largest office landlord, together with its joint venture partner, Ivanhoe Cambridge, have entered into a contract to sell the leasehold office condominium at 1745 Broadway in Manhattan for $633 million, or $939 per square foot, to an institutional client of Invesco Real Estate. Known as […]

Real Estate

North Brooklyn Sees Drop in Rents

NEW YORK — With the April 2019 shutdown of the L train looming closer, North Brooklyn rents continue to decline, according to the StreetEasy Market Report for February 2018. The StreetEasy Rent Index for North Brooklyn — which includes neighborhoods served by the L train, such as Williamsburg and Greenpoint — dropped for the seventh […]