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Durst lands quartet of lease extensions in Midtown East
News 3 days ago
Durst lands quartet of lease extensions in Midtown East

The Durst Organization has inked lease extensions for four of its Midtown East tenants at a time when the ongoing pandemic has left the future of...

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City hotel industry needs property tax relief too
News 4 days ago
City hotel industry needs property tax relief too

That the Covid-19 pandemic has decimated a vast array of businesses and institutions is self-evident to anyone who has ventured onto the streets of...

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Manhattan hotels pitch rooms for office space with travel frozen
News 4 days ago
Manhattan hotels pitch rooms for office space with travel frozen

New York City hotels, struggling to navigate the pandemic economy, are doing anything they can to drum up business. For the NoMo Soho, that means...

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NoMad luxury sales offer a glimmer of hope for city’s sunken market
News 1 week ago
NoMad luxury sales offer a glimmer of hope for city’s sunken market

Bullish New Yorkers are buying their way into an uncertain future and giving hope to the city's sluggish residential real estate market. Four condo...

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Rent regulation challenge meets doubting judge
News 1 week ago
Rent regulation challenge meets doubting judge

An ambitious legal challenge to the constitutionality of New York's Rent Stabilization Law butted up against a highly skeptical Brooklyn federal...

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Vornado explores sale of office buildings co-owned with Trump Org.
News 1 week ago
Vornado explores sale of office buildings co-owned with Trump Org.

Vornado Realty Trust is weighing the sale of office buildings in New York and San Francisco co-owned by President Donald Trump's company, according...

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Jay-Z’s Roc Nation sues landlord for stalling subleases over unpaid rent
News 2 weeks ago
Jay-Z’s Roc Nation sues landlord for stalling subleases over unpaid rent

Add Jay-Z's Roc Nation to the list of companies embroiled in a Covid-19 rent fight. The former landlord of the entertainment company founded by the...

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Trump business sought virus leniency at Upper East Side retail space
News 2 weeks ago
Trump business sought virus leniency at Upper East Side retail space

President Donald Trump's family real estate company sought relief from lenders earlier this year for a retail property it owns in Manhattan. The...

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Trump Org. sought virus leniency at Upper East Side retail space
News 2 weeks ago
Trump Org. sought virus leniency at Upper East Side retail space

President Donald Trump's family real estate company sought relief from lenders earlier this year for a retail property it owns in Manhattan. The...

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City retailers face long road to recovery despite national sales rebound
News 2 weeks ago
City retailers face long road to recovery despite national sales rebound

The Dave's New York store near the Flatiron District should be busy this time of year, with a mix of office workers, college students and tourists...

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New offices outside Manhattan depend on millennial lifestyle
News 2 weeks ago
New offices outside Manhattan depend on millennial lifestyle

A new 500,000-square-foot office building is set to open in Downtown Brooklyn this year with the latest technology. That includes fingerprint...

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Mall landlords, Authentic Brands in talks to buy JCPenney
News 2 weeks ago
Mall landlords, Authentic Brands in talks to buy JCPenney

The two largest mall landlords and Authentic Brands Group LLC are in talks to buy bankrupt department-store chain J. C. Penney Co., according to...

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Retailers play rent catch-up
News 2 weeks ago
Retailers play rent catch-up

In a tale of two commercial real estate markets, businesses are continuing to pay their office rent while retailers are struggling to pay the bills...

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Back in action: Construction rebounds, retail lags as pandemic restrictions ease
News 2 weeks ago
Back in action: Construction rebounds, retail lags as pandemic restrictions ease

Construction roared back last week during the first phase of the city's reopening, but the rebound didn't extend to small businesses, where sales...

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Office windows don’t open, so landlords turn to clean-air tech to fight virus spread
News 3 weeks ago
Office windows don’t open, so landlords turn to clean-air tech to fight virus spread

Fear that Covid-19 will spread through the air in office buildings has the owner of New York's most famous tower boasting on television about HVAC...

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Victoria’s Secret sues city landlord over $938,000 in rent
News 3 weeks ago
Victoria’s Secret sues city landlord over $938,000 in rent

Victoria's Secret and its parent company L Brands Inc. are suing the landlord of their flagship store in New York's Herald Square, arguing that the...

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Owner of Jared, Kay and Zales to permanently close hundreds of stores
News 3 weeks ago
Owner of Jared, Kay and Zales to permanently close hundreds of stores

The owner of jewelry chains Jared and Kay won't reopen hundreds of stores following the pandemic shutdown, adding to the pain for American malls as...

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Curbside pickup, social distancing and hope: City businesses slowly reopen
News 3 weeks ago
Curbside pickup, social distancing and hope: City businesses slowly reopen

New York's small-business community is ready for phase one of the economic reopening that began today. "It's exciting," said Matthew Rossetti,...

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Landlord sues Urban Outfitters for skipping rent
News 3 weeks ago
Landlord sues Urban Outfitters for skipping rent

Empire State Realty Trust has followed through on its pledge to "aggressively pursue" tenants who are skipping rent, suing Urban Outfitters for $1...

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Hospital for Special Surgery opens clinic in a now-quiet Hudson Yards
News 1 month ago
Hospital for Special Surgery opens clinic in a now-quiet Hudson Yards

When Hospital for Special Surgery announced plans to open a facility in Hudson Yards a couple of years ago, it was easy to understand why the...

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Mortgage sector off to worst start since 2013 despite Fed help
News 1 month ago
Mortgage sector off to worst start since 2013 despite Fed help

Mortgage investors have yet to enjoy robust returns this year despite the Federal Reserve providing $688 billion of support to the sector since mid...

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Naftali doles out $102M for Williamsburg waterfront site
News 1 month ago
Naftali doles out $102M for Williamsburg waterfront site

Developer Miki Naftali has closed on a $102 million deal for one of the last remaining development sites on the Williamsburg East River waterfront....

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City tax change put entire self-storage business in jeopardy, suit says
News 1 month ago
City tax change put entire self-storage business in jeopardy, suit says

Changes to a city tax credit "blindsided" builders of self-storage properties and could crush development of the unloved but in-demand facilities,...

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Goldman sues contractor for $25M over faulty work on luxe Midtown tower
News 1 month ago
Goldman sues contractor for $25M over faulty work on luxe Midtown tower

Real estate billionaire Lloyd Goldman is suing his air-conditioning and heating contractor for a $12 million job that he claims was not well done...

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Venus gallery sues Rosen to break lease and recover $365K security deposit
News 1 month ago
Venus gallery sues Rosen to break lease and recover $365K security deposit

What's a place at "the epicenter of the art world" worth? Not as much as it used to be, high-end art dealer-investor David Lindemann says. The...

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Community Health Centers Struggling As Fewer People Seek Care During Pandemic
News 1 month ago
Community Health Centers Struggling As Fewer People Seek Care During Pandemic

Many immigrants and people with low incomes already saw preventive care as a luxury. Now, the coronavirus pandemic has created another barrier to...

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J.C. Penney faces possible snag to a smooth restructuring
News 1 month ago
J.C. Penney faces possible snag to a smooth restructuring

Years of struggle landed J. C. Penney Co. in Chapter 11. Now comes the hard part. The 118-year-old retailer called its Friday filing a pre-arranged...

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Coach, Kate Spade reopening some stores amid easing lockdown
News 1 month ago
Coach, Kate Spade reopening some stores amid easing lockdown

Coach and Kate Spade will reopen hundreds of their handbag and apparel boutiques as luxury brands slowly return to business after going dark for...

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Hamptons resort offered as a $400,000-per-month rental property
News 1 month ago
Hamptons resort offered as a $400,000-per-month rental property

Shou Sugi Ban House, a 13-room spa and resort in the Hamptons on New York's Long Island, had been open only a year when its owner Amy Cherry...

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New York's leaders must stop playing Robin Hood
News 1 month ago
New York's leaders must stop playing Robin Hood

This is a brutal time for all New Yorkers. The tragic loss of life, the isolation of staying in the shelter of our apartments, the economic loss...

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