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1491 Third Goes from Pop-Up to Paint with New Lease

Janovic Plaza, a subsidiary of Benjamin Moore & Co., will have some redecorating of its own to do soon. The retailer, which specializes in paints and other decorating odds and ends, has signed for...

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New York Emerges as Biotech Hub but Hurdles Remain

With the highest concentration of research facilities in the country, New York has quietly emerged as a challenger to the established biotechnology and pharmaceutical hubs of Boston and San Francisco,...

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Essex Crossing Locks in NYU Langone with 55,000-SF Lease

NYU Langone Medical Center has finalized a 15-year lease at Essex Crossing on the Lower East Side, a spokesman for Delancey Street Associates told Commercial Observer. While initial reports on the deal...

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German Bank Funds Vornado’s $300M Refi of Park Ave Office Tower

Frankfurt-based DekaBank took the lead on a $300 million mortgage to refinance Vornado Realty Trust’s 947,000-square-foot office building at 1 Park Avenue in Midtown Manhattan, records filed with the...

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NYU Langone Opening New Facility With Nearly 390K-SF Lease

NYU Langone Medical Center has signed a 30-year, triple-net lease for Columbia Property Trust’s entire 25-story building at 222 East 41st Street, the landlord announced today. The hospital will open a...

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NYU Langone Brings New Life to $217M in Bonds for Kips Bay Properties

Bank of New York Mellon has re-enhanced $217 million in New York State revenue bonds for several NYU Langone Medical Center properties in Kips Bay, records filed with the city on June 8 show. The...

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The Top 10 Construction Firms of NYC

New York is a city that’s experiencing a construction boom. About $39 billion was spent throughout the five boroughs in 2015 on construction projects—about a 10 percent increase from 2014 when the...

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Since Obamacare Walk-In Clinics Have a Whole Roster of New Players

For over 13 years spent treating patients in hospital emergency rooms, Dr. Jake Deutsch noticed a sizable gap in the quality of patient care between the treatment of serious, even life-threatening,...

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Senior Explosion: Developers Look to Cash in on Rising Older Population

Soon after his death in Houston in 1939, the estate of Monroe Dunaway Anderson, a Tennessee cotton trader, wrote a $1,000 check to the Junior League Eye Fund. It was the first gift from a more than $19...

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NYU Langone Expands by 150K SF at Vornado’s One Park Avenue

NYU Langone Medical Center is growing its footprint at Vornado Realty Trust’s One Park Avenue considerably after inking a 150,000-square-foot expansion at the Murray Hill office building. The deal will...

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Essex Crossing Developers Seal First Permanent Loan With $17M in Financing

The developers of Essex Crossing, a sprawling megaproject on the Lower East Side, have nailed down their first permanent loan for 175 Delancey Street, an all-affordable senior housing development...

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REIT Report Card: How Paramount, Boston and Vornado Fared in Q2

For commercial real estate investors, analysts and journalists, earnings season is an opportunity to vet the performance of publicly traded companies and grill executives they otherwise wouldn’t have...

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The New World of Assessing, Acquiring and Refinancing the Revered Trophy...

Just how great is the hunger in the market for the shiny, new, glitzy property? There were 11 bidders for the southern portion of St. John’s Terminal at 550 Washington Street, according to Dean...

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The Biggest Manhattan Office Leases of 2020 [Updated]

Like squirrels stowing away nuts for the winter, Manhattan office tenants in 2020 have still been dreaming of a future of normalcy — and they’ve been signing the leases to prove their seriousness....

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Big Tech Demand Drives Vornado’s Manhattan Office Momentum: Steve Roth

Vornado Realty Trust’s office leasing activity in Manhattan is trending upward, aided by big expansion plans from tech giant tenants. In its second-quarter earnings call Tuesday morning, the real...

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