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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, 1+ 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…...
Two Supermarkets Ink Deals Along Brooklyn’s Atlantic Avenue
3+ day, 2+ hour ago (346+ words) Two new supermarkets are coming to Atlantic Avenue in Prospect Heights, Brooklyn. The grocers will arrive at two of EMP Capital Group’s newly developed residential projects two blocks apart at 880 Atlantic Avenue and 1042 Atlantic Avenue, Commercial Observer has learned. In…...
S3 Capital Lends $45M to Build Williamsburg Apartments on Church Land
3+ day, 2+ hour ago (241+ words) A Brooklyn developer got a higher calling for its latest multifamily project. David Grunfeld, through the entity GW Infinity, has landed $45 million of construction financing to build a 99-unit apartment building with an affordable housing component at a church-affiliated site…...
Diptyque More Than Doubles NYC Footprint at 16 East 34th Street
3+ day, 3+ 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…...
Manhattan’s Supply of New Condos to Hit Highest Level Since 2014
4+ day, 1+ 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
4+ day, 2+ hour 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…...
Mann Group Buys Luxury Apartments at 130 Hope Street in Williamsburg
1+ week, 2+ day ago (230+ words) Clipper Equity’s hopes have been realized in the sale of a luxury rental building at 130 Hope Street in Williamsburg, Brooklyn, Commercial Observer has learned. Clipper sold the 150-unit building — which it completed in 2023 and dubbed Casa Hope — to New York…...
Get to Know the Broker: Libby McKinney Tritschler of William Raveis
1+ week, 4+ day ago (751+ words) Community connection plays a huge part in Libby McKinney Tritschler’s approach to clients. McKinney Tritschler, 65, is the executive vice president of sales and the founder of the On The Harbor real estate team at William Raveis Real Estate. She has…...
Vestal Point Capital Takes 12K SF at Rockrose’s 11 East 26th Street
1+ week, 3+ 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, 3+ 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…...