What transaction, project, or key moment best reflected the direction of the New York CRE market this year? The long-term master lease between Vornado Realty Trust and NYU for more than 1 million s/f at 770 Bdwy. reflects an important market signal. The 70-year structure, paired with a significant upfront payment, shows continued institutional confidence in high-quality office assets despite market uncertainty.
What transaction, project, or key moment best reflected the direction of the New York CRE market this year? This year underscored a structural shift in the office market. Demand has permanently changed, leaving many assets functionally obsolete and clearly over-assessed and entitled to significant tax reductions. Forward-looking municipalities are acting nimbly, embracing conversions and adaptive reuse
What transaction, project, or key moment best reflected the direction of the New York CRE market this year? This year, we saw continued momentum in the multifamily sector across Long Island. Communities are recognizing the value of thoughtfully designed, walkable downtowns, and they’re placing greater emphasis on modern architecture as part of that evolution.
Are you preparing your apartment building for winter? You may be focusing winterization efforts on heating systems, boilers, insulation, and frozen pipes. However, there is another
Manhattan, NY As New York galleries close at an alarming rate, artist Ryan McGinness is making a contrarian move: expanding. After 25 years in Chinatown, McGinness announces
In the years since COVID-19 reshaped the American workplace, the conversation about “getting back to the office” has generated more heat than light. Corporate leaders
New Windsor, NY Rand Commercial announced the successful sale of the former Kaplan School property, including dormitory facilities, located at 621 Blooming
Buffalo, NY Ned Perlman of Largo Real Estate Advisors, Inc. secured $10.6 million in construction financing for the redevelopment of a mixed-use property
Tuscaloosa, AL Clear Investment Group, a Chicago-based real estate investment firm specializing in value-add multifamily and distressed asset opportunities
Manhattan, NY Synergi, an award-winning international team of engineers, fabricators, and installers of turnkey architectural stairs, has appointed Tracy Lea Neff as president. Neff, who previously served as chief operating officer, will lead
Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10th St. in Greenwich Village
Dallas, TX Stream Realty Partners has closed on the recapitalization of a portfolio of seven Class A industrial assets in Texas. The industrial properties were contributed to a continuation vehicle formed in partnership with a New York-based global
Joseph A. Aquino has spent nearly four decades navigating the upper tiers of commercial real estate, helping shape retail corridors in New York and other major markets
Pelham, NY Houlihan Lawrence Commercial, a division of Houlihan Lawrence, sold 163 Wolfs Ln. for $2.1 million. The site was previously approved for a 27-unit multifamily building with one retail space and 34 parking spaces.
Manhattan, NY According to GFP Real Estate, LLC New York-based knitwear company Knit Illustrated, Inc. has signed a new five-year lease for 4,051 s/f on the third floor of 247 West 37th St. in the Garment District.
Manhattan, NY Forbes Global Properties, the exclusive real estate partner of media giant Forbes, celebrates its fifth anniversary this month, December 2025. Five years ago was a difficult time across the globe, but the working world still needed to
Manhattan, NY The Feil Organization has signed a 15-year, 46,000 s/f renewal with Thompson Coburn LPP at 488 Madison Ave. The national law firm has occupied the entire 14th and 15th floors since 2002, and as part of the
Aberdeen, NJ DeMarco’s Catering & Gourmet Deli is celebrating a major milestone this month as it marks 50 years as a cornerstone at Garden Commercial’s Regent Shopping Center. The family-owned and operated business has served the
Manhattan, NY Cushman & Wakefield arranged a 16,051 s/f lease on behalf of owner and occupier Sullivan & Cromwell at 125 Broad St. Newly formed law firm Harris Trzaskoma, LLP will open its headquarters on a portion of the building’s