The Commercial Observer‘s 30 Under 30

31 Photos

Commercial Observer: 30 Under 30

Each year, hundreds of enthusiastic young real estate agents find themselves rolling off the bus and landing in the city’s biggest brokerages, having left behind hometowns and college campuses in search of fame and fortune, wealth and wisdom—or, perhaps, just enough money to pay the monthly rent.

But commercial real estate has never been for Read More


Four Ace Architects Boldly Go Where Penn Station Has Never Gone Before, Displease MSG

10 Photos

The Municipal Art Society this morning unveiled plans by four elite architecture firms for a revamped Pennsylvania Station. Diller Scofidio + Renfro, H3 Hardy Collaboration Architecture, SHoP Architects, and Skidmore Owings & Merrill all presented big, futuristic designs for the notoriously dingy, dated and overcrowded transportation hub.

When we spoke with MAS President Read More


Sneak Peek: East Side Access, the $8 Billion Project Bringing Long Island Railroad to Grand Central

15 Photos

In January of 1999 President Bill Clinton’s budget proposal to congress included $20 million in funds for East Side Access, a project that would bring the Long Island Railroad to Grand Central Terminal, which turns 100-years-old on Saturday. The projected cost back then was $2.2 billion.

Metropolitan Transportation Authority Capital Construction President Michael Read More


1717 Broadway, Newly Topped Out, Carries the Torch Blighting Rivals’ Views

6 Photos

250 West 55th Street and 1717 bway

1717 Broadway, a new hotel development that has the distinction of being the tallest in the Western Hemisphere, has topped out at a lofty 750-feet, the tower’s developer Granite Broadway Development and its construction manager CNY Builders announced on Thursday. The building will house a Marriott Courtyard on the lower floors and a 261-unit extended stay Read More


RXR Takes The CO On A Tour Of Dazzling 620 6th Avenue

8 Photos

Bill Elder

Last year, RXR Realty, led by chief executive Scott Rechler, acquired 620 Avenue of the Americas, a roughly one million-square-foot office building in the heart of Midtown South for over $500 million.  The property continues to demonstrate Mr. Rechler’s genius for spotting value. Since the acquisition, the neighborhood’s popularity has only continued to rise – Read More


The Boldest Commercial Leases of 2011

5 Photos

MSCI takes 125,000 square feet at 7 World Trade Center

After three years of lamb-like hesitation, the world’s boldest office tenants returned to the market with a vengeance, proving that, even during times of uncertainty, big deals can still be made. With Bloomberg, Conde Nast and Bank of America leading an aggressive leasing charge, 2011 marked the year of Read More


Holiday Galas 2011

23 Photos

photo credit: Steve Friedman

Since law firm Fried Frank kicked off the holiday gala season with its annual party at Cipriani 42nd Street last week, the commercial real estate industry has been awash in spirits-soaked, caviar-speckled bacchanals from the trendy Dream Downtown to Gotham Hall.And while networking and deals are often the primary objective, so too are dancing, dining Read More


The Biggest Building Sales of 2011

5 Photos

photo courtesy of

All told, the commercial building sales that actually saw daylight this year transformed the city. And those that didn’t, well, they made a mark, too. From Google to Coach on the upside, and Beacon Properties on the downside, the biggest buys and near misses of 2011 left Read More


Best of 2010: New York’s 15 Biggest Real Estate Machers

New York City is a real estate town, meaning the people who help shape it are some of the most important in the city. After 2009, one of the worst years for the industry in memory, 2010 has been surprisingly active, even if a lot of that activity involved deals unwinding. Oh well! 2011 will Read More


Honk If You Love the Midtown Tunnel

Do you hear that? It’s the sound of a thousand commuters throwing their heads on their horns in exasperation at the mouth of the Queens-Midtown Tunnel.

Not only will they spend precious minutes of family time waiting for the slightest signs of motion, but it turns out this vital piece of infrastructure belongs in a Read More