As migrants exit Roosevelt Hotel, coveted building faces a whole new development
The Roosevelt Hotel site will most likely be sold by Pakistan International Airlines for a new office tower, sources said, ...
Tag: Commercial Real Estate
Shares of NYC real-estate firms tank over fears of Mamdani’s rent freeze: ‘Zohran effect’
Shares of firms with exposure to New York City’s real-estate market were hammered Wednesday as investors panicked over the growing ...
Empire State Building’s landlord enjoys King Kong-size boost from tenant expansions
Good news for the Manhattan office market comes in several, much-reported forms — declining vacancy, investment-sale price upticks and anchor-tenant ...
Munich Re scoops up Park Avenue tower in $500M-plus deal
The sluggish office-building sale market got a half-billion-dollar gift — not from Santa, but from the world’s largest reinsurance company. ...
Marc Lore’s food delivery service Wonder is making smart use of NYC’s vacant storefronts
Wonder is revolutionizing more than just cuisine in New York City. Since launching last year, the food delivery and take-out ...
Owner of 60 Wall St. makes risky bet with massive $250M revamp
The struggling Financial District’s brightest hope — and biggest challenge for its owners — is 60 Wall St., the vacant, 1.6 ...
Park Avenue office tower lures another tenant amid major upgrades
Park Avenue’s leasing boom shows no sign of abating. In the latest large transaction, Tradeweb Markets signed for 76,000 square feet ...
Chicago to hand $150M to real estate developers to transform vacant office buildings into apartments
Chicago will grant $150 million in subsidies to real estate developers to convert unused office space in the once-vibrant downtown ...
NYC hospital-building boom on Upper East Side roils residents
The Upper East Side, once known as the Silk Stocking District, has embraced cotton scrubs — but not everyone’s thrilled ...
Fast-growing Boca Raton is luring business away from Wall Street
New York’s wobbly office market, limping from a record-high 20% vacancy rate and loss of some tenants to lower-tax South Florida, ...
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