The Top 20 NYC Commercial Lenders in 2016
The commercial real estate market in New York remained strong in 2016, and CRE lending followed suit after the slump of the first quarter. Encouraged by historical lows in interest rate, and a generally healthy evolution of the main commercial sectors in Manhattan – by far the largest CRE loan sub-market in the US –…
Top 20 NYC New Projects Proposed So Far in 2016
The city is ablaze with new developments in what’s been called by Forbes the best time to be a real estate developer since 2007. The level of investment opportunity in Queens has attracted the spotlight, and in the first 7 months of 2016, the total square footage of proposed development space counted over 3.5M square feet, almost…
5 Tips for Marketing Your Commercial Listings
It’s a tough market out there for commercial property professionals: NYC rents for commercial properties have flattened out during the first half of 2016, after a long period of sustained growth. In spite of a 10% availability rate in Manhattan office space, according to Colliers, prices remain high enough that a mainstream of businesses are…
5 Tips for Finding Your First New York City Office Space
For generations, New York City has been romanticized as the epitome of capitalism and the American Dream. Entrepreneurs continue to flock from around the globe, eager to benefit from the city’s vibrant economy and business-friendly government initiatives. But many quickly discover that despite all the opportunities New York City has to offer, there are equally…
Top Most Expensive NYC Multi-Family Buildings in January 2016
January’s list of most expensive NYC multi-family buildings includes a good number of package deals as Related acquired its Bronx portfolio with properties on Carpenter Ave, Decatur Ave and Creston Ave. The top of the list is still dominated by properties in Manhattan and Brooklyn. Most expensive multi-family deal The Riverton Housing Complex – a…
Most Expensive NYC Retail Property Sales in January 2016
The first month of 2016 recorded intense activity in the NYC retail market with Manhattan dominating the list of most expensive properties sold. Brooklyn and Queens are also both well represented, while the Bronx makes one contribution to the list thanks to a package deal closed for two neighboring store buildings in Wakefield. Most expensive…
Top Most Expensive NYC Office Sales in January 2016
The office market started 2016 at full speed as several deals closed for prime spaces in Manhattan neighborhoods such as SoHo and Midtown. Though the priciest deals recorded were for Manhattan buildings, Queens also takes several spots in the list of most expensive sales, reasserting its position as a hot market for office spaces and…
Top 20 Most Expensive NYC Office Sales in 2015
In 2015, several of the trophy buildings in Financial District and Central Midtown in Manhattan found new owners among the big buyers of office space in NYC and we mined our data for the top 20 most expensive office building sales: 1. 730-734 5 Avenue, Manhattan Sale price: $1,775,000,000 This was a truly stellar deal in…
Top 20 Most Expensive NYC Retail Sales in 2015
The NYC retail market has seen not only rents climbing in 2015, but also some strong deals being closed, most of them in Manhattan but several of them in Queens and the Bronx as well. 1. 144 W 34 Street, Manhattan Sale Price: $355,000,000 Located in Chelsea, this store building was previously sold in 2014…
Top 20 NYC Multifamily Sales in 2015
2015 was a busy year for NYC commercial real estate! While Manhattan certainly boasts the title for the most top 20 multifamily property sales over the last 12 months, Brooklyn, Queens, and The Bronx make appearances too. Find out who the biggest deal-makers were, and what they paid hundreds of millions of dollars for: 1….
Zoom In: NYC Retail Space Vacancy
The NYC retail market, challenged worldwide only by the Hong Kong market, has always done fabulously due to ever-increasing interest from big retailers around the world. But in the past years, the biggest retail corridors have been seeing explosive rents, as if trying to mirror the ascending trend in home prices. As such, nobody had been particularly surprised to see store and office…
NYC Commercial Real Estate: October’s Biggest Sales
How did the NYC commercial real estate segment do in October? Our top 10 list of the most expensive commercial sales reveals which were the latest important transactions in the Big Apple; most of the names referring to Manhattan office, retail and loft deals. Not all, though, as there’s also a building in the Bronx claiming one of the spotlights. Take…
New York City’s Top 10 Commercial Real Estate Deals of 2014
With 2015 just around the corner, we thought it would be instructive to look back and see who scored the biggest deals in terms of real estate investment in 2014. The top 10 commercial real estate transactions in New York City totaled more than $6 billion this year, with Manhattan standing out as the hottest…
The Unofficial Top 10 Most Beloved NYC Buildings
The playground of some of the world’s most notable architects, New York City flaunts an impressive collection of buildings: some innovative, others grand or imposing, modern structures or historic landmarks, high-rise or low-rise, glassy, zany, or green… and the list could go on. But which among them cater best to New Yorkers and their thirst…
NYC Market Size in the Past Decade: 2007 Frontrunner with $109 Billion
It’s December. Year-end lists are bound to be heading your way. So we thought we’d do something a little different: we’ve looked back at the past ten years, and added up all NYC property sales (commercial, residential, and industrial) collected by PropertyShark throughout the past decade, in order to determine the market size. In case…
See Past the LLC Part 2: Find the Real Owner of an NYC Property
In our previous blog post called See Past the LLC: 3 Ways to Unmask the Real Owner of an NYC Property, we talked about the three easiest ways to find out the real name of a property owner. As promised, here’s a follow-up to that article, detailing three alternative ways to get behind an LLC:…
Hotel Investments in NYC Saw Sharp Fall in 2012
Although last year the overall activity in the commercial sector in NYC was the most upbeat we’ve seen in 5 years, the hotel segment was far from boasting the same results.The sales volume dropped by 58%, totaling only $1.6 billion. This is a sharp fall from the results seen in 2011, but still at least…
5-Year High for NYC Commercial Sales Volume
The surprise came from Brooklyn last year: the borough managed to register a 5-year record in commercial transactions due to the sale of the Kings Plaza Mall, which raked in $751,000,000.
NYC Commercial Sales Reached Four-Year Peak
In Q3 2012 the segment with the most encouraging activity continued to be the office spaces, bringing $3.66 billion in sales, up 22% quarter-over-quarter.
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