With stock lagging, office landlord Paramount Group explores strategic alternatives
Company owns top-tier properties in New York and San Francisco
Paramount Group, the owner of Class A office properties in New York and San Francisco, is exploring strategic alternatives, which analysts said could include a sale.
Related, Oxford, Wynn Resorts drop Manhattan casino bid at Hudson Yards
Revised plan includes building up to 4,000 apartments
Developers Related Cos. and Oxford Properties, along with their casino resort partner Wynn Resorts, have abandoned their high-profile plan to build a casino resort on the western h...
Savills tapped to sell New York City's iconic Chrysler Building
Land owner Cooper Union took control of landmark after court ruling
The future of New York City's art deco icon the Chrysler Building is in the spotlight again after its land owner hired a brokerage to sell the property.
Project lands New York’s largest loan for office-to-residential conversion
Former Pfizer HQ developers secure $720 million to aid in apartment construction
A New York office-to-residential conversion tied to the redevelopment of pharmaceutical giant Pfizer’s former headquarters has landed what’s billed as the city’s biggest financing ...
K-Pop music label to open East Coast fan space in Manhattan
Hello82 also plans expansion in US cities including Chicago, Dallas
Independent K-pop label Hello82, founded in Los Angeles, is expanding its footprint and opening an East Coast flagship in New York.
Two-tower, 517-unit apartment property opens in Brooklyn’s Gowanus
New York neighborhood has attracted developers since 2021 rezoning
Society Brooklyn, a two-tower, 21-story mixed-use apartment property, has opened in Brooklyn’s Gowanus neighborhood in the latest sign of the transformation of a primarily industri...
Vornado to sell Manhattan office property on High Line for $205 million
REIT previously estimated development cost at $130 million
Vornado Realty Trust and a joint-venture partner have agreed to sell a boutique Class A office property right along Manhattan’s popular High Line elevated park in the Chelsea neigh...
Developer Soloviev, seeking to land New York casino, says it will share ownership with residents
Competitors have sweetened deals on different fronts
The Soloviev Group, a contender for one of New York’s coveted gaming licenses, has added the possibility for some residents to share in the project’s financial returns as developer...
New York selects development team for mass timber residential project
Plan calls for over 500 mixed-income units on Staten Island
New York has selected a development team for what it billed as the largest mass timber residential project in the city.
Los Angeles Apparel goes bicoastal with NYC store
Clothing label’s founder, Dov Charney, had been ousted from American Apparel
Los Angeles Apparel, started by American Apparel founder Dov Charney, is opening its first store outside its hometown in Manhattan’s SoHo neighborhood.
For the first time, office tenants can lease top of Western Hemisphere’s tallest building
One World Trade Center spaces are expected to bring rents more than double market average
Employers seeking top-tier penthouse office space with sweeping views of New York City can now consider the tallest skyscraper in the Western Hemisphere.
Walk to work, or a Broadway show: Fully leased luxury apartments spotlight Times Square demand
The Ellery is area’s first new Class A multifamily property in decades, CoStar data shows
New York's Times Square is among the world's brightest tourist and entertainment hubs, with hordes of visitors around the clock ambling past flashing ads on the digital billboards....
Old Navy to relocate longtime Manhattan store near Penn Station
Landlord JEMB signs retailer for base of residential complex
Discount fashion chain Old Navy is moving its longtime Manhattan store near Penn Station about a block east to a location that used to house its sister brand Gap.
Banking app Chime expands in New York with new Fifth Avenue office lease
Manhattan property also signed retail tenant Reformation
Banking app Chime is expanding in New York in a planned relocation to a landmarked Manhattan office property anchored by Microsoft.
Smaller WeWork shows improvement in key profitability measure
Flexible office provider is hunting for new flagship location in New York
Global flexible workspace provider WeWork, since exiting bankruptcy protection in June and having shrunk its operation, has achieved a certain feat for the first time in company hi...
Aquarian Holdings leases top floors at iconic Manhattan office tower
Investment firm agrees to pay $275 per square foot, CoStar data shows
A landmarked midtown Manhattan office property is approaching full occupancy after a financial institution agreed to take the top three floors.
Vornado eyes apartments near busiest US transit hub
REIT has started working on project in Manhattan’s Penn District
Vornado Realty Trust, known for iconic office properties around the country, is planning apartments in New York as part of its developments surrounding the largest U.S. transit sta...
Historic Manhattan publishing landmark leases up
Nineteenth-century property was built for Charles Scribner’s Sons
A landmarked 130-year-plus-old commercial property in Manhattan where novelist Ernest Hemingway’s publisher once operated is fully leased.
New York University signs Manhattan’s largest new office lease since pandemic
Deal with landlord Vornado includes option to buy space
New York University has master leased nearly 1.1 million square feet of office space at Vornado Realty Trust’s renovated tower near its main campus in what CoStar data shows is the...
Residential project in Brooklyn’s Gowanus lands $174.5 million backing
Plans call for two high-rise towers in rezoned neighborhood
In the latest sign of the promise of Gowanus’ transformation in Brooklyn, a development team has landed financing for what’s billed as the largest property in the rezoned neighborh...