Manhattan Market Report
Greater New York Hospital Association, a New York-based healthcare trade association, has signed a long-term lease expansion at the BMW Building, which is located at 555 West 57th Street, between 10th and 11th Avenues, The Commercial Observer has learned.
The group has expanded for an additional 7,278 square feet on the 12th floor of the 20-story building. The organization, which Read More
Though it still makes up just two percent of the Manhattan office market’s total inventory, a number of significant deals have caused a surge in the education sector’s Manhattan footprint.
A report from CBRE attributes the 47 percent jump in office space leased by the sector – between 2005 and November 2012 – to a growing residential population, increases in enrollment at universities, campus expansions, greater availability and lower asking rents in sections of Midtown South and Downtown.
Last week came the news that the Durst Organization was working on its project at 57th Street and the West Side highway once again, even if the work was simply an as-of-right filing to keep the project eligible for brownfield tax credits. Then on Monday came the crazy cartoonish news that what was Read More
As The Observer suspected, the Durst Organization is working on a residential project for the site it owns on West 57th Street next to the West Side Highway. What we never could have fathomed is that the project had been hiding in plain site–as part of a Web comic.
Curbed found this Read More