Crain’s New York Business The Girl Scouts of Greater New York is looking to exit a long-term lease for 17,500 square feet at the 12 million-sf office building at 40 Wall St in Manhattan The Trump Organization owns the property, which serves as...
Commercial Real Estate Direct Staff Report The average asking rent for ground-floor retail space in Manhattan at the end of last year was $652/sf, a 99 percent decline from 2019, according to CBRE Rents dropped by 11 percent in the third quarter,...
A total of 20 million square feet of office leases were signed in Manhattan last year, a 495 percent drop from the 396 million sf that was leased in 2019, according to CBRE That was the lowest leasing volume in the borough since CBRE began tracking...
Despite historically low interest rates, defeasance volume in the CMBS market plunged last year to $68 billion from $153 billion in 2019, according to Trepp LLC That no doubt was driven by the reluctance from investors to complete sales transactions...
Philadelphia Business Journal Amazoncom Inc has signed a lease for 94,000 square feet at 700 Ramona Ave in Philadelphia The online retail giant will use the vacant building as a distribution facility Last year, Amazon inked leases for more than 3...
Dallas CityBizList Bioworld Merchandising has signed a lease for 123,844 square feet of industrial space in the Dallas suburb of Irving, Texas The global manufacturer and distributor of licensed apparel and accessories, is leasing the space at TCC...
Commercial Real Estate Direct Staff Report December marked the third straight month in which the volume of CMBS loans with special servicers has declined It fell by 35 percent to $5295 billion from $5486 billion in November, according to Trepp LLC...
Commercial Observer Cushman & Wakefield plans on subleasing the 10,000 square feet of space it occupies at One World Trade Center in lower Manhattan and the 15,000 sf it leases at One Pierrepont Plaza in downtown Brooklyn, NY The brokerage plans...
The US hotel occupancy rate rebounded during the week through Jan 2 as a result of increased travel for the New Year’s holiday The rate jumped to 406 percent, according to STR, from 325 percent during the week through Dec 26 – the lowest...
Commercial Observer Microsoft Corp has signed a lease for 180,000 square feet at the Commonwealth Tower office building in Arlington, Va The tech giant plans to occupy its space by the middle of next year Tishman Speyer Properties owns the...
