Archive for December, 2012

225 Fifth Avenue

CIM Acquires Fifth Avenue Retail Space

Posted on December 29th, 2012 · Posted in Acquisitions

CIM Group recently acquired 225 Fifth Avenue for an estimated $80 million according to sources familiar with the deal. The acquisition consists of two parcels of retail space totaling just.. read more

Monopoly Cowboy

Kaufman Acquires Building in Thriving Midtown South

Posted on December 23rd, 2012 · Posted in Acquisitions

The Kaufman Organization in partnership Lubert-Adler has acquired 27-35 West 24th for $55.5 million. The 11-story property features roughly 120,000 square feet of space including ground floor retail and is.. read more

Manhattan Sunrise

Our Top 5 Blog Posts of 2012

Posted on December 23rd, 2012 · Posted in General News

2012 was an interesting year for Manhattan’s commercial real estate market. The first three quarters of 2012 produced tepid growth only to be sidetracked by Hurricane Sandy. While Midtown was.. read more

Lehman Townhouse

The Most Expensive Office Space in Manhattan

Posted on December 22nd, 2012 · Posted in Acquisitions

My clients always want to know where they can get the best deal but for today’s post I’ll focus on the most expensive space in town (hint it isn’t the.. read more

Candler Building

Epic LLC Acquires Candler Tower in Times Square

Posted on December 9th, 2012 · Posted in Acquisitions

Paramount Group has sold the 228,000 square foot Candler Building in Midtown Manhattan to Epic LLC for a price reported to be around $200 million. The 24-story terracotta building at.. read more

Shared office space

Manhattan Executive Suites Increasing in Popularity

Posted on December 5th, 2012 · Posted in Leasing, Office Market

Executive suites are gaining popularity as a flexible and affordable office solution and this was especially evident in the aftermath of Superstorm Sandy when the city’s executive suite providers were.. read more