It’s a tale of two cities. While ultra-luxury office towers in hot spots are seeing massive rents of up to $300 per square foot, side street buildings are lucky to rent for a tenth of those prices. On average, asking rents in Manhattan are roughly $77 a foot, according to CBRE, but many basic office … Read more
A rare Michigan home designed by Minoru Yamasaki, the visionary architect behind New York City’s original World Trade Center, has just been listed for $2.89 million. The late Yamasaki, best known for creating the original Twin Towers, which tragically fell during the 9/11 terrorist attacks, designed this gem in 1957, long before his career-defining project … Read more
New York City hotels are booming. They too are in crisis. It all depends on which metric you rely on – but it’s fair to say that both statements are true. The Big Apple’s hotel industry appears at first glance to have made an exciting comeback from the pandemic. A closer look shows that despite … Read more
The city’s flagship retail storefronts are so rare that businesses are opting for the nuclear option – buyout. Kering and Prada bought their Fifth Avenue stores last year for $835 million and $963 million, respectively. Now, Uniqlo is buying the 100,000 square feet of retail it already occupies at 660 Fifth Ave. from Vornado. Uniqlo … Read more
The other brand leasing the former bank space at 1251 Ave. of America for just $5 million a year will also make a splash using its giant nearly half-acre fountain for brand activation. “It’s a shop and a stage,” said Winick’s Kenneth Hochhauser, the retail agent for the Mitsui Fudosan America tower. “You can directly … Read more
New York City is for sale — and it’s going for bargain basement prices. Now, the sales spree is fueling a buyer frenzy that even the city’s most iconic buildings won’t survive. More importantly, the historic Chrysler Building may soon be sold for peanuts with its operators facing eviction. In 2019, Aby Rosen’s RFR Holding … Read more
Homebuyers may be relieved to hear that down payments are finally falling from historic highs. A new report from Realtor.com® shows that the average down payment of home buyers from July to September 2024 was an average of 14.5% – or $30,300. That’s a savings of $2,400 from last quarter’s all-time high of $32,700 (14.9%). … Read more
Nestled on the cliffs of La Jolla Bay, Darwin Deason’s mansion is not your typical California beach retreat. Locally called the “Sand Castle”, the estate is an architectural wonder reminiscent of Versailles, perched high above the Pacific. Now, according to agents Brett Dickinson and Ross Clark of Compass, it’s poised to break records as it … Read more
Want a home near the Hudson River with beautiful water views? Meet Hudson Piers, a major riverfront development that begins leasing this fall in Yonkers. Yes, that Yonkers — the Westchester town north of New York City borders on a reputation as a drive-thru kind of town, with a blue-collar past and not much presence. … Read more
It looks like a hotel, but this oceanfront property is a private residence in North Palm Beach, Florida — and it’s now on the market for $59.5 million. The listing brokers are reality TV stars Ryan Serhant, of Serhant, and Chris Leavitt, of Douglas Elliman. The two starred on Bravo’s Million Dollar Listing in New … Read more