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“#Landlords need vaccines to get employees back to offices” Landlords are praying that the launch of COVID-19 vaccines will finally send more employees back to their desks after the turn of the year. But there’s little movement so far, and some big tenants have hit the pause button on previously planned returns as they await…
“#Rent is cheap to sublease prime stretch of Park Avenue” For companies looking for impossibly cheap Midtown sublease space, now’s the time to pounce. How cheap? Would you believe $25 per square foot on a prime stretch of Park Avenue? That mind-boggling low rent is what high-profile public-relations firm 5W is paying at 299 Park…
“#Park Avenue enjoying real estate boost” There’s a livelier new vibe at 299 Park Ave., Fisher Brothers’ 44-story office tower between East 48th and 49th streets. The new look reflects renewed energy up and down the iconic commercial corridor from East 40th to East 59th street following several years of decline. As part of a…
“#Roosevelt Hotel site attracting developers” Last week’s news that the historic Roosevelt Hotel was closing had New Yorkers teary-eyed and developers drooling. The historic, nearly 100-year-old Roosevelt announced on Oct. 12 that it would be checking out for good at the end of the month because it could no longer survive the pandemic. Longtime owner Pakistan…
“#Target pushing ahead with ambitious New York expansion” Target’s ambitious metro-area expansion is a rare bright spot amid a gloom-fest of store closings and bankruptcies. The mass-market favorite is planting its bull’s-eye at the Cross County Center in Yonkers, where it has signed a lease for a whopping 130,000 square feet, gobbling up the bulk…