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Manhattan’s Office Vacancy Level at New Record High

Manhattan’s Office Vacancy Level at New Record High

by Phil Hall | Jul 5, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Manhattan’s office property market broke a record in the second quarter, with a new high of 70 million square feet of available space. According to a data report by Savillis, the availability rate rose by 20 basis points in the second quarter to 19.7%, the highest...
Hits and Misses for the Real Estate Week June 26-30

Hits and Misses for the Real Estate Week June 26-30

by Phil Hall | Jun 30, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A quartet of proactive federal agencies, a mayor who took criticism the wrong way and a tree-hating neighbor from hell. Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Hit: Thank You for Being a Friend. Most federal...
Silverstein Properties Applies for License to Create NYC Casino

Silverstein Properties Applies for License to Create NYC Casino

by Phil Hall | Jun 23, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Silverstein Properties, a national real estate investment, development and management firm, has announced it will be submitting an application for one of three available licenses for the creation and operation of downstate New York-based casinos. Elite Sports NY...
NYC Mansion with a Colorful History Listed at $13 Million

NYC Mansion with a Colorful History Listed at $13 Million

by Phil Hall | Jun 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A New York City mansion with a somewhat wild history will go on sale next month via an online auction, with a listing price of $12.995 million. The Kleeberg Residence at 3 Riverside Drive was built in 1895 in the French Renaissance Revival style by prominent architect...
Coalition Seeks to Turn NYC Psychiatric Hospital into Affordable Housing

Coalition Seeks to Turn NYC Psychiatric Hospital into Affordable Housing

by Phil Hall | Jun 13, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A coalition of nonprofit and church groups is advocating the transformation of a mostly dormant New York City psychiatric hospital into a 3,000-unit income-restricted apartment complex. According to a report in The Gothamist, the Queens Power grassroots coalition is...
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