Lease Beat

Greater New York Hospital Association Expands at 555 West 57th Street

(Credit: SL Green)

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

Manhattan Market Report

Education Sector’s Manhattan Office Space Surges With Monster Deals and Expansions

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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. Read More