The city and the Polytechnic Institute of New York University are launching a 10,000 square foot clean tech incubator at Forest City Ratner’s 15 MetroTech in downtown Brooklyn.
The Clean Technology Entrepreneur Center will house 20 startups focused on solving urban energy and sustainability issues, NYU-Poly and the NYC Economic Development Corporation announced this morning at a Read More
Some were surprised, to say the least, when news spread last month that Brazil’s Banco Itaú had agreed to pay upward of $200 per square foot for a 35,000-square-foot space on the 50th floor of the General Motors Building at 767 Fifth Avenue.
“I nearly fell off of my chair when I read that,” said Read More
Going forward, there will be no tuba playing allowed in the early morning hours at any of Related Companies’ rental buildings.
Oh, and no smoking either.
Yes, following the completion of a pilot program launched in 2009, Related Companies is banning smoking across more than 40,000 rental residences it owns and manages.
Under the new Read More
On June 17, 1972—41 years ago today—five men were arrested after breaking into the Democratic National Committee headquarters at the Watergate Hotel and Office Building at the Watergate Complex in Washington D.C. Two years later, U.S. President Richard Nixon had resigned.
The burglars would ultimately admit to having photographed documents and wiretapped phones during that incident Read More
Educational music publisher Carl Fischer Music is relocating from its NoHo offices to 48 Wall Street in the Financial District, The Commercial Observer has learned.
The company, founded in 1872, signed a 5,930-square-foot long-term lease for the entire 28th floor of the 324,000-square-foot, 34-story building, drawn to its wraparound windows and easy build out.
“A Read More
The weather couldn’t have been better yesterday for the grand opening of the one-acre Native Flora Garden expansion at the Brooklyn Botanical Garden, the first in a series of renovations slated for the popular destination.
The garden is five years in the making, planted largely with seed species collected by horticulturists and scientists from across Read More
Michael and Brandon Miller of investment group Real Estate Equities Corporation have closed on the $81 million purchase of 375-377 West Broadway, a five-story 55,000-square-foot commercial loft building with over 11,000 square feet of retail space.
Brokers handling the sale said the turn-of-the-century SoHo building, which offers 56 feet of retail frontage, had not changed hands in Read More
Town Sports International-owned New York Sports Clubs is in the process of renovating its existing city locations by removing bulky weight-lifting equipment and adding CrossFit-like training areas – a move that reflects its struggle to compete with the insurgence of a niche fitness industry.
Crain’s reported that so far 22 of the chain’s 39 Manhattan Read More
Real estate entrepreneur and former Florida Senate candidate Jeff Greene, a newcomer to the New York City real estate arena, is reportedly building two Manhattan condominium projects.
The billionaire is planning a 75-unit, 140,000-square-foot condo project at 100 Vandam Street in the Hudson Square area; and the condo conversion of a six-story building at 576 Read More
The Rockefeller Group will develop a four-story, 100,000-square-foot medical office building for Summit Medical Group in Florham Park, N.J., where the state’s largest private multi-specialty medical practice signed a 15-year lease within the same development that houses the New York Jets‘ training camp.
Construction of the facility at 140 Park Avenue will begin in September 2013 with Read More
Sumitomo Real Estate has purchased a 3rd floor office condominium at 800 Second Avenue in Midtown East for more than $4.1 million, The Commercial Observer has learned.
Rudder Property Group, one of the only – if not the only – commercial real estate firms in the city that specializes in the office condo sales market, Read More
A new report by a Columbia University think tank warns that the one million additional residents expected to hit the city by 2030 will have nowhere to live if the city’s waterfront neighborhoods aren’t further developed to accommodate them.
The Center for Urban Real Estate report’s authors would pack people into smaller areas than the Read More
Just days after Governor Andrew Cuomo introduced legislation that would authorize three new Upstate New York resort casinos, Foxwoods Resort Casino and Muss Development have signed a partnership agreement to build a destination resort style casino and hotel in Liberty, New York.
The presidents of the respective companies, Scott Butera and Joshua Muss, have been Read More
In 2005, CBRE broker Mary Ann Tighe told The New York Times that there had never been a “phenomenon quite like Bob Alexander.” What’s more phenomenal is that the 58-year-old chairman of the firm’s tristate region still ranks among its top brokers, having landed some of the city’s highest-profile deals this year as a lead broker representing Read More
The Durst Organization is marketing four vacant retail spaces at its Historic Front Street property at Downtown’s South Street Seaport, which will be rebuilt in the wake of the devastation caused by Hurricane Sandy.
The retail spaces were gutted after floods over seven feet high ravaged the spaces during the storm, according to Read More
