Manhattan Market Report
Fordham University has closed on the $49.6 million purchase of a portion of the building at 43 West 61st Street from the College Entrance Examination Board, property records indicate.
The building, alternatively known as 45 Columbus Avenue, is located between 61st and 62nd Streets and Columbus Avenue and Broadway, within several blocks of Lincoln Center.
Lease of the Week
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.
Jazz, as many of its aficionados like to say, is all about collaboration.
So when the well-known performance venue Jazz at Lincoln Center recently turned an eye to its office lease, it didn’t forget that central tenet of the music it champions and hosts nightly in the large performance hall it developed in recent years on Columbus Circle.
A set of persistent neighbors opposed to Fordham University’s Lincoln Center campus have failed to block the school from expanding through a court case.
As with most every major controversial development, the opponents of the expansion—chiefly residents of the Alfred, a condo tower that shares a superblock with Fordham’s campus—filed a suit in court to Read More