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For real estate trends & commercial real estate news, Commercial Observer has the latest on leases, financing, sales, construction, architecture, & design.
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News
Upper Manhattan Empowerment Zone Takes 9K SF at 119 West 125th Street
2+ day, 23+ hour ago (360+ words) The nonprofit Upper Manhattan Empowerment Zone Development Corporation (UMEZ) is moving its nonprofit headquarters to 119 West 125th Street in Harlem, Commercial Observer has learned. The lease term and asking rent for UMEZ’s new sixth-floor office was not disclosed, but the Class…...
Diptyque More Than Doubles NYC Footprint at 16 East 34th Street
4+ day, 1+ hour ago (272+ words) Diptyque, the French luxury brand known for its scented candles and perfume, is more than doubling its New York City office footprint in a move to Manhattan’s Murray Hill, Commercial Observer has learned. The company inked an 18,017-square-foot, full-floor deal…...
Friedman’s Restaurant Ownership Buys Upper West Side Retail Space to Open New Spot – Commercial Observer
4+ day, 19+ hour ago (225+ words) The ownership group behind famed New York City restaurants Friedman’s Restaurant and Pastrami Queen has acquired a retail co-op on Manhattan’s Upper West Side to open a new eatery, Commercial Observer has learned. The restaurant group, using the LLC Mountain…...
Manhattan’s Supply of New Condos to Hit Highest Level Since 2014
4+ day, 22+ hour ago (549+ words) Pumpkin spice and everything nice, that’s what fall is all about. Unless you’re a condo developer in Manhattan. Then fall is all about getting busy — a lot more busy. The fourth quarter of 2026 is expected to show a release of…...
SL Green Sells 110 Greene Street to Natora Group for $226M
5+ day, 21+ min ago (299+ words) SL Green Realty’s disposition strategy is now in full swing. New York City’s largest office real estate investment trust (REIT) announced Wednesday that it has sold 110 Greene Street — a 13-story, 223,000-square-foot Class A office building in Manhattan’s SoHo neighborhood — to…...
Lower Manhattan Is a Model for Other Urban Hubs — Including Midtown
6+ day, 6+ hour ago (1688+ words) The transformation of Lower Manhattan was underway even before the Sept. 11 attacks 25 years ago. Even as a question mark remained above Ground Zero, the broader commercial real estate industry and its public sector allies spent the past 25 years finding ways…...
Manhattan Housing Seasonality: When the Borough Sees Peaks and Valleys
1+ week, 4+ day ago (360+ words) School calendars, holidays and even the weather can all have an impact on housing market activity across the borough of Manhattan. So can assumptions from buyers when it comes to the strength of the spring and fall markets. The months…...
Vestal Point Capital Takes 12K SF at Rockrose’s 11 East 26th Street
1+ week, 4+ day ago (166+ words) Investment firm and hedge fund manager Vestal Point Capital is relocating its offices within New York City. The company has inked a long-term, 12,139-square-foot lease on the entire 12th floor of Rockrose Development’s 11 East 26th Street across the street from Manhattan’s Madison…...
NYC Human Resources Administration Extends 174K-SF Lease in Midtown
1+ week, 4+ day ago (228+ words) The New York City Department of Citywide Administrative Services (DCAS) extended the lease for a government agency in Midtown South. The New York City Human Resources Administration (HRA) will get an extra 18 months at Vornado Realty Trust’s 260 11th Avenue, where it…...
Fintech Firm Stash Financial Leases 12K SF at 641 Avenue of the Americas – Commercial Observer
1+ week, 4+ day ago (220+ words) This fintech firm is stashing away some new office space. Stash Financial, a digital personal finance and micro-investing company offering financial advice, has inked a 12,322-square-foot office lease at Spear Street Capital’s 641 Avenue of the Americas, Commercial Observer has learned....