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Yeshiva University Lecture Hall Yields $15.5M Despite MTA Caveat
A former Yeshiva University lecture hall at 237-241 East 34th Street in Murray Hill has sold for $15.5 million, city records show. A caveat in the potential for development at the site didn’t stop a...
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Massey Knakal Arranges $87.5 M. Sale On Behalf of Yeshiva University
Massey Knakal has sold a portfolio of three office buildings on behalf of Yeshiva University for $87.5 million, The Commercial Observer has learned. The 16-story, pre-war office building at 920...
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Regency East Co-op Scoops Ground Floor Retail Units for $5.5 M.
Regency East Apartment Corporation, the owner of the 18-story, 147-unit Regency East co-op apartment building at 301 East 64th Street on the Upper East Side, has purchased the 13-year master lease on...
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CBRE Research Finds Strong Link Between Rents, Subway Station Proximity
A new CBRE research report has found that, on average, Manhattan office buildings adjacent to major subway stations fetch asking rents 19 percent higher than properties within two blocks of those busy...
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Marcus & Millichap Arranges $6.4M Upper East Side Sale
Marcus & Millichap has arranged the $6.4 million sale of a 9,000-square-foot, five-story residential walk-up building at 319 East 90th Street on the Upper East Side, Commercial Observer has...
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All Aboard? 2nd Avenue Subway Set to Transform Retail
The landscape north of 72nd Street along Second Avenue has long been dominated by residential towers and corner grocers. Mom-and-pop retailers are far more present there than on Lexington and Third...
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Michael Horodniceanu, Head of MTA Capital Construction, Talks East Side...
If you’re attending an early morning real estate panel all the way Downtown, a good way to wake up might not just be a cup of coffee, but to listen to Michael Horodniceanu. The career urban planner...
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Kolorbar Beauty Salon Opening First UES Location
Kolorbar, a full-service beauty salon with locations on the west side of Manhattan, will be opening its first east side outpost, Commercial Observer has learned. The salon signed a 10-year lease for...
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Talking Rezoning, Affordable Housing and Gardening With REBNY’s John Banks...
Pinning down an interview with either John Banks, the president of the Real Estate Board of New York, or Robert Speyer, the chairman of the industry’s lobbying arm, is a time-consuming task—especially...
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Hudson Yards Taxes Could Finance Second Leg of Second Avenue Subway: Related...
Related Companies and Oxford Properties Group’s Hudson Yards development could pay for a slew of transportation programs with the tax revenue it’s generating with their multi-decade project along the...
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Second Coming: The East Side Awaits the Second Avenue Subway
For some Manhattanites, the East Side has been a hard road to travel. While the West Side basks in the extension of the 7 train to Hudson Yards, not to mention the 1, 2, 3, A, B, C and D lines snaking...
View ArticleNo Ifs, Ands or Buts—Build Gateway Now!
For the first time in recent history, infrastructure is at the forefront of the conversation in New York. Our mass transit system continues to struggle, our bridges and road network is operating well...
View ArticleDeutsche Lends $68M to Refi UES Condo Building
Wonder Works Construction has landed a $68 million mortgage from Deutsche Bank to refinance a recently finished condominium tower on the Upper East Side of Manhattan, sources told Commercial Observer....
View ArticleAndrew Cuomo Built a Reputation for Building
Andrew Cuomo liked to compare himself to Robert Moses. The record is mixed, though, as to how New York’s 56th governor — who officially resigned Monday night amid multiple sexual misconduct...
View ArticleInfrastructure Bill Boon for Second Avenue Subway but Timing Uncertain
The $10 billion that has been set aside for transit infrastructure in New York will be a shot in the arm for the long-delayed Second Avenue subway extension, but the timeline is still up in the air....
View ArticleHochul Urges Manhattan Workers to Return to Offices After New Year’s
New York Gov. Kathy Hochul wants to see office workers back in Midtown and Lower Manhattan offices, pronto. Hochul called for companies to require employees to return to their offices after New Year’s...
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