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Mar 27, 2018

In the commercial real estate headlines

 For the first time in years, more air rights for office buildings are changing hands in New York City than for residential condominium towers. That activity spurred a new record high of $315 per square foot for office air rights as we moved into 2018.

Google has emerged as an...


Nov 28, 2017

When StreetEasy debuted its Premier Agent in March, it was met with anger and condemnation by the brokerage community. But now, agents and brokers are fighting each other for a seat at the table. Thanks to auction-based pricing, the cost to participate in StreetEasy’s agent advertising program — where agents...


Oct 12, 2017

The world’s population is getting richer, and the evidence shows that many of the world’s rich want to spend their new wealth on luxury real estate. The international luxury residential market will see more demand than supply over the next three years, according to a report published by the Real Deal, with 25...


Sep 22, 2017

Hudson Yards will require another $440 million to prevent a partially finished tunnel from becoming a useless component of the massive project.

The $750 million plan by Related Companies to deck over the western half of their megaproject in 2018 has increased the pressure on state politicians to raise the extra...


Aug 10, 2017

One of the top stories of the past week is the continued struggle of the Manhattan luxury market, with just 14 contracts signed for homes priced at $4 million or more last week. It’s the sixth week in a row the number of luxury contracts has fallen below 20. The top contract was on unit 56A at 252 East 57th Street....