Don’t believe Manhattan realtors when they say the wealthy are back to renting—the numbers say it all. The number of households making at least $750,000 and choosing to rent increased by 10.5% between 2018 and 2022, according to the Federal Reserve’s latest Survey of Consumer Finances. Not only are they choosing to rent in the … Read more
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
Bloomberg LP, the media company founded in 1981 by future three-term mayor Michael Bloomberg, just gave Midtown’s sleepiest office corridor some much-needed adrenaline. In a surprise to commercial market watchers, Bloomberg signed a nearly 1 million-square-foot lease extension and expansion at SL Green’s 919 Third Ave. between East 55th and 56th streets. The 47-story tower … Read more
Redbox customers have been warned. Old Redbox kiosks have been hacked to reveal customers’ credit card numbers and more of their private information, including their names, addresses and emails. California-based programmer Foone Turing claimed in a social media thread last week that she was able to hack an old Redbox machine in Morganton, North Carolina. … Read more
Redbox customers have been warned. Old Redbox kiosks have been hacked to reveal customers’ credit card numbers and more of their private information, including their names, addresses and emails. California-based programmer Foone Turing claimed in a social media thread last week that she was able to hack an old Redbox machine in Morganton, North Carolina. … Read more