Sales Beat

Fordham Closes on $50M New Space Near Lincoln Center

43 West 61st Street.

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. Read More

Manhattan Market Report

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

MPj04394090000[1]

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

Fordham Wins One in Lincoln Center Expansion

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