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Manhattan’s Median Apartment Rent at $4,500 in February

Manhattan’s Median Apartment Rent at $4,500 in February

by Phil Hall | Mar 14, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median apartment rent in Manhattan soared to $4,500 last month, according to data from the Douglas Elliman brokerage. The median rental price for Manhattan was up 6.4% year-over-year, marking a new monthly record in February. Bisnow.com reports last month’s figure...
Crypto-Only Buyer Sought for $28 Million Manhattan Office Property

Crypto-Only Buyer Sought for $28 Million Manhattan Office Property

by Phil Hall | Feb 14, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A Manhattan office building has been listed for $28 million, but there’s a catch – the property owner will only sell it to a buyer who pays in cryptocurrency. Bisnow.com reports Okada & Co. acquired 111 West 24th Street in 2021 for $16 million. The following year,...
CBRE, Citadel Sign New Leases for Manhattan Office Spaces

CBRE, Citadel Sign New Leases for Manhattan Office Spaces

by Phil Hall | Jan 6, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The commercial real estate services and investment company CBRE Group Inc. (NYSE: CBRE) and the hedge fund Citadel LLC have signed significant office leases in historic Manhattan properties. CBRE announced it will establish a global financial headquarters at Lever...
NYC Begins Congestion Pricing Toll Program

NYC Begins Congestion Pricing Toll Program

by Phil Hall | Jan 6, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

New York City introduced its controversial congestion pricing toll program on Sunday, which charges most drivers who enter Manhattan between 60th Street and the lower tip of the island. The New York Times reports E-ZPass readers and cameras are now capturing the...
Floyd Mayweather’s Christmas Gift: $20 Million Manhattan Retail Property

Floyd Mayweather’s Christmas Gift: $20 Million Manhattan Retail Property

by Phil Hall | Dec 26, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Boxing legend Floyd Mayweather didn’t wait for Santa Claus to bring him a present for Christmas – instead, he paid $20 million for a retail property in the heart of Manhattan. TMZ Sports reported Mayweather acquired the 1,540-square-foot multi-floor property, located...
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