Manhattan Skyline Management Corp. has signed a long-term lease with Inspire Orthodontics at 424 West End Ave. in the Upper West Side neighborhood. Situated within Manhattan Skyline’s 22-story, 230-unit luxury rental apartment building West River House, Inspire Orthodontics will operate from a 1,357 s/f street-levelstrong>Manhattan, NY SL Green Realty Corp. has signed a new 26,255 s/f, 10-year lease with TD Bank covering the entire 8
th floor. This expansion increases TD Bank’s total office occupancy at 125 Park Ave. to 130,057 s/f, bringing the office tower to 100% leased.
Long Island City, NY The Domain Companies, LMXD, the VOREA Group, and Bridge Investment Group said that three new retail leases have been executed at Jasper, a mixed-use development, comprising 6,115 s/f of Jasper’s 33,340 s/f of retail space. Combined with the four other leases previously
Brooklyn, NY TF Cornerstone (TFC) negotiated a new lease signing with NIN HAO at the ground floor of 595 Dean St. in Prospect Heights. James Ariola and Michael Azarian of Cushman & Wakefield represented NIN HAO for their new 1,890 s/f lease. TFC worked with NIN HAO to secure the lease.
New York, NY The Center for NYC Neighborhoods (CNYCN) launched Down Payment Assistance Navigator. The new, free online tool, funded by Bank of America with grants totaling $625,000, will help make down payment assistance easier to obtain and affordable homeownership more accessible
Manhattan, NY Gantry welcomes Andy Weiss as the newest addition to its production team, where he assumes the role of director. Weiss will be responsible for loan origination with Gantry’s more than 100 correspondent and affiliated lenders, working nationally from the firm’s New York
Manhattan, NY The Feil Organization said that office furniture company AIS has expanded its presence at 257 Park Ave. South with a new 10-year, 12,617 s/f lease. The furniture purveyor will outfit the entire fourth floor of the office tower as its new showroom.
Brooklyn, NY Beam Living has partnered with Whole Foods Market to bring its new quick-shop format grocery store, Daily Shop, to 14
th St. between 1
st Ave. and Ave. A, enriching the community with another grocery option.
The Federal Reserve’s recent interest rate cut was a welcome reprieve, but a lower rate is not the same as a low rate. Even with the 50-basis-point decrease, the Federal Funds Rate is still higher than at any point from October 2007 to March 2023. Add to elevated interest rates the unwinding of hybrid work,
New York City has long been one of the most expensive places to buy and own a home. Yet, there remains a housing crisis in the region. As the housing crisis grows in NYC, its ripple impacts the commercial real estate market and tenant mobility, hampering people’s efforts to achieve their goals of financial
