Category: Owners Developers & Managers

New retail report shows Midtown South corridor “42BELOW” retail occupancy growing 65% faster than Manhattan overall

New retail report shows Midtown South corridor “42BELOW” retail occupancy growing 65% faster tha...

March 16, 2026
Manhattan, NY A new retail leasing surge is taking place across the growing mixed-use corridor in Midtown South that stretches roughly from 42nd St. to 30th St., and
Marx Realty begins 58,000 s/f  expansion at Cross County Center

Marx Realty begins 58,000 s/f expansion at Cross County Center

March 10, 2026
Yonkers, NY Marx Realty (MNPP), a New York-based owner, developer and manager of office, retail and multifamily properties across the United States, has begun construction on a two-building, 58,000 s/f retail expansion at Cross County Center.
Global Holdings inks expansion lease with Mindspace - totaling 50,000 s/f at 25 Kent

Global Holdings inks expansion lease with Mindspace - totaling 50,000 s/f at 25 Kent

March 10, 2026
Brooklyn, NY Global Holdings has inked a lease with Mindspace, the global flexible workspace provider, to expand its Williamsburg location at 25 Kent Ave. by 11,500 s/f. The expansion, slated for completion in summer 2026, will bring Mindspace’s total footprint at the property to 50,000 s/f,
Mason Technologies amends plans  for new global headquarters facility

Mason Technologies amends plans for new global headquarters facility

March 10, 2026
Hauppauge, NY After previously receiving assistance from the Suffolk County Industrial Development Agency (IDA) to renovate and expand an existing industrial building, Mason Technologies has amended its plans and now proposes to demolish the existing structure and construct a new facility on the same site.
American Express headquarters to be developed by Silverstein at  Port Authority’s 2 World Trade Center

American Express headquarters to be developed by Silverstein at Port Authority’s 2 World Trade Ce...

March 10, 2026
Manhattan, NY According to governor Kathy Hochul, American Express will build a new global headquarters at 2 World Trade Center, marking the completion of the final commercial office building at the World Trade Center campus. Spanning two million s/f across 55 floors,
Fried Frank arranges 275,000 s/f lease with Starr at BXP’s 343 Madison Ave.

Fried Frank arranges 275,000 s/f lease with Starr at BXP’s 343 Madison Ave.

March 10, 2026
Manhattan, NY Fried Frank advised BXP, on the signing of an 275,000 s/f, 20-year lease with Starr, a global investment and insurance organization, at 343 Madison Ave. – a 930,000 s/f premier workplace currently under construction,
Analysis by Small Property Owners of New York reveals Rent Guidelines Board decline

Analysis by Small Property Owners of New York reveals Rent Guidelines Board decline

March 10, 2026
Manhattan, NY A comprehensive analysis released by the Small Property Owners of New York (SPONY) finds that the rents of the city’s one million rent-stabilized apartments have significantly declined in real terms since 2016. The analysis finds that Rent Guidelines Board (RGB) one-year increases have failed to keep pace with inflation, widening the gap
Town of Hempstead LDC approves $125 million bond sale by Adelphi University

Town of Hempstead LDC approves $125 million bond sale by Adelphi University

March 10, 2026
Hempstead, NY The Town of Hempstead Local Development Corp. (LDC) has approved the sale of up to $125 million in tax-exempt bonds on behalf of Adelphi University to support a range of capital improvements to its Garden City campus, and, perhaps, refinance previously issued bonds.
OBBBA: A balancing act of incentives and constraints - by Molly Dee-Ramasamy and Zhen Ren

OBBBA: A balancing act of incentives and constraints - by Molly Dee-Ramasamy and Zhen Ren

March 10, 2026
On the surface, the One Big Beautiful Bill Act (OBBBA) looks like a win for clean energy investments. It promises bold incentives — like permanent 100% bonus depreciation — that seem tailor-made to help decarbonization projects “pencil” from day one.
RXR and Chuo Nittochi America Corporation Team hold groundbreaking for 101-unit The Arden

RXR and Chuo Nittochi America Corporation Team hold groundbreaking for 101-unit The Arden

March 10, 2026
Glen Cove, NY RXR in partnership with Chuo Nittochi America Corporation Team, held a groundbreaking ceremony for its newest residential development within Garvies Point — The Arden. Marking RXR’s next phase of the community’s multi-phased transformation of the town’s waterfront on Long Island, The Arden is an upscale and boutique luxury rental building designed to deliver a members club–style living
How to navigate market forces in the Hudson Valley CRE market - by Paul Adler

How to navigate market forces in the Hudson Valley CRE market - by Paul Adler

March 10, 2026
Challenges exist despite advantages: Quality-of-life, strategic access to the New York metro economy, and demand for industrial, multifamily, healthcare, and retail assets. The Hudson Valley commercial real estate market stands at
Retro Recess to open 10,000 s/f flagship at the Metropolitan Building

Retro Recess to open 10,000 s/f flagship at the Metropolitan Building

March 10, 2026
Long Island City, NY Retro Recess is coming to the Metropolitan Building in Long Island City. Created by longtime LIC resident and internationally recognized vintage arcade collector Bill Kloos, Retro Recess is designed as a welcoming, multi-generational space where nostalgia, play, and community come together.