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
Murray Hill Properties is turning over its brokerage to its brokers by promoting three veteran agents to partnership roles, The Commercial Observer has learned.
The move, spearheaded by principal and president of the firm David Greene, changes the hierarchical structure of the firm and evens the playing field for brokers who want a bigger role in the future of the Read More
Ariel Property Advisors arranged the $11 million sale of the development site, which the buyer entered into contract on last year, and brokers who arranged the sale are calling it a “game changer” for the neighborhood.
“Prospect Lefferts Gardens is one of the lesser-developed areas that has the most potential because there is a Read More
Faith-based not-for-profit organization Guideposts is relocating from its East 34th Street offices to 110 William Street, where the decades-old publisher of spiritual books, magazines and online content will reap the benefits of a Downtown location, brokers handling the deal told The Commercial Observer.
The company will occupy 8,599 square-feet of office space on the 9th Read More
Earlier this year a giant murky puddle at Brooklyn’s McCarren Park was being affectionately referred to as “Hipster Lake.”
Nearly half a year and $930,000 later, Williamsburg and Greenpoint residents must say goodbye to the oft-flooded section of the park between Bedford and Driggs avenues.
The park reopened yesterday, with newly carved pathways, drains designed to Read More
The New York Building Congress will issue a series of recommendations today that would go “a long way” toward mitigating the risk associated with future storms like Hurricane Sandy.
A task force made up of 43 local experts found that insufficient power and telecommunications reliability, “uneven emergency response,” vulnerable infrastructure and antiquated building systems contributed Read More
Every once in a while a developer makes a proposal that seems too good to be true; but running a profitable business in times of prosperity can feel that way.
Apartment rental community behemoth AvalonBay Communities wants to clean up 240 East Shore Road in Great Neck, New York at “no cost to taxpayers” so it can Read More
A string of recent large office building sales reflects increased investor hunger for safe, long-term bets, amid a post-recession environment characterized by lower commercial mortgage delinquencies, higher confidence and streaming lines of credit.
Published reports show that on Friday two foreign investors bought a 40 percent stake in the General Motors Building, valued at $3.4 Read More
Toll Brothers has appointed Massey Knakal to exclusively market a retail condominium at its 21-story luxury condo development at 160 East 22nd Street in Gramercy, The Commercial Observer has learned.
The asking price for the 2,560-square-foot ground floor corner condo unit is $8.5 million and will be delivered for occupancy in the summer of 2014.
“Toll Brothers has Read More
New York Yankees first baseman Mark Teixeira’s investment in “raw food,” smoothie and pressed juice company Juice Press seems to be paying off, with the rapidly-growing company signing a lease for another Manhattan store at 239 Columbus Avenue.
The 400-square-foot Upper West Side outpost marks the 10th Manhattan location and counting for the brand, Read More
Extell Development has sold a 90 percent stake in a commercial development site at 68-74 Charlton Street for $52 million to investment firm Angelo, Gordon & Co., raking in $7 million more than originally sought, according to published reports and city records.
Extell, which originally intended to build a 35-story, 181,000-square-foot luxury hotel at the site, Read More
RKF has arranged the $48.5 million sale of a six-story, 18,850-square-foot mixed-use building at 138 Spring Street in SoHo.
Though the closing was delayed as the seller sought appropriate 1031-exchange properties, the firm found a buyer for the property in December of last year after hitting the market during the prior month.
RKF brokers described Read More
Facebook has reportedly signed a 10-year deal for about 100,000 square feet of space at 770 Broadway, with an option to expand into an additional 60,000 square feet over the next two years.
The social media giant will take the entire eighth floor and part of the seventh at rental rates in the mid $70s Read More
SHoP Architects, one of the city’s leading architecture firms, has signed a 15-year, 30,500-square-foot lease at The Woolworth Building at 233 Broadway, where it will relocate in the fall from its headquarters across the street.
The move to one of the city’s most storied buildings seems suitable for an architecture firm that has climbed the Read More
