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Residential Sales Begin on Manhattan’s New 1,000-Foot Mixed-Used Tower

Residential Sales Begin on Manhattan’s New 1,000-Foot Mixed-Used Tower

by Phil Hall | Apr 10, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

The real estate investment and development firm Rabina has begun residential sales for its forthcoming 1,000-foot mixed-use tower at 520 Fifth Ave. in Midtown Manhattan. The new property will be the tallest residential tower on Fifth Avenue, featuring 100 one- to...
Office Vacancy Rates in Manhattan Reach Record Highs

Office Vacancy Rates in Manhattan Reach Record Highs

by Phil Hall | Apr 2, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

If anyone is looking to lease office space in Manhattan, there is no shortage of choices – two new data reports point to historically high vacancy rates in the heart of the Big Apple. Data from Colliers determined the borough’s office availability rate in the first...
Historic NYC Church Selling Air Rights to Ken Griffin

Historic NYC Church Selling Air Rights to Ken Griffin

by Phil Hall | Mar 11, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A historic church in Midtown Manhattan has agreed to sell at least 150,000 square feet of its air rights to a partnership led by hedge fund executive Ken Griffin. St. Bartholomew’s Church at 325 Park Ave. has entered into the transaction with Griffin, Rudin Management...
Westfield Sued for Trying to Terminate Lease on NYC’s Fulton Center

Westfield Sued for Trying to Terminate Lease on NYC’s Fulton Center

by Phil Hall | Feb 16, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The New York City Transit Authority has filed a lawsuit against Westfield Corp. to prevent it from terminating its operations at the lower Manhattan commuter hub Fulton Center less than halfway into its 20-year lease. Fulton Center currently has 68 retail tenants....
Lottery Drawing to Determine Tenancy in Manhattan Affordable Housing Development

Lottery Drawing to Determine Tenancy in Manhattan Affordable Housing Development

by Phil Hall | Dec 21, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Tenancy in six studio apartments within an affordable housing development in Manhattan will be decided by a lottery drawing. Hudson Companies and the New York City Department of Housing Preservation and Development announcing the housing lottery for the vacancies at...
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