Tag: commercial observer

At Carlyle Tower in Alexandria, Va., Industrious to Manage Building, Offer Coworking

Philadelphia-based Rubenstein Partners has partnered with New York City-based office flexible workspace provider Industrious to manage Carlyle Tower in Alexandria, Va. and operate coworking space, according to a press release from the real estate management firm. Formerly known as 2461 Eisenhower Avenue, Carlyle Tower is currently under construction with plans for roughly 335,000 square feet […]… Read More At Carlyle Tower in Alexandria, Va., Industrious to Manage Building, Offer Coworking

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Entertainment law firm takes 57K sf at 28 Liberty

Frankfurt Kurnit Klein and Selz, an entertainment and arts-focused law firm, is relocating to Fosun’s 28 Liberty Street in the Financial District, sources told The Real Deal. The firm will take 57,000 square feet on the tower’s 35th and 36th floors. Cushman and Wakefield brokers Mitchell Barnett and Barry Zeller represented Frankfurt Kurnit in the deal and Fosun was represented by an in-house leasing executive and a team from JLL. Asking rent for the space […]… Read More Entertainment law firm takes 57K sf at 28 Liberty

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Buyers From U.S., Around the World Targeted in Sale of Rare Toronto House Amid Condo Towers

A house at 1067 Yonge St. in Toronto, one of the few remaining on the city’s main drag, goes up for sale next week.

Buyers from around the world are being solicited for a rare chance next week to own a century-old, house-turned-office building in the middle of Toronto’s busiest skyscraper-filled thoroughfare when 1067 Yonge St. hits the market.

It is a rare sight amid all the condominium towers that crowd Toronto’s 25-kilometer main drag from…… Read More Buyers From U.S., Around the World Targeted in Sale of Rare Toronto House Amid Condo Towers

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Mark your calendars: These are New York’s top real estate events next week

Next week brings a few new real estate events! On Oct. 16, Bisnow is hosting its NYC Affordable Housing and Community Development from 7:30 a.m. to 10:30 a.m. at the New York Bar Association, 42 West 44th Street. Attend and discuss the rising cost of construction and its impact on affordable housing, what opportunities exist in investing in the sector and more. Nathan Taft of Jonathan Rose Companies, Andy Cohen of BRP Development, Victor Sozio […]… Read More Mark your calendars: These are New York’s top real estate events next week

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The top NYC office leases in September

Half of September’s top 10 office leases were signed by co-working companies, the largest deal of which was struck by Convene for 116,000 square feet at 530 Fifth Avenue. The top deal of the month, meanwhile, was Bessemer Group’s lease for 239,000 square feet in Midtown West.  However, September’s top 10 deals totaled less square footage than August, with 1.1 million square feet, down from 1.3 million square feet. 1) Bessemer Group, 1271 Sixth Avenue, Midtown […]… Read More The top NYC office leases in September

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Investment Firm One William Street Shrinking Digs With Move to 299 Park Avenue

One William Street Capital Management plans to move its offices to Fisher Brothers’ 299 Park Avenue, the landlord confirmed to Commercial Observer. The investment firm signed a 12-year lease for 29,754 square feet on the entire 25th floor of the 45-story tower between East 48th and East 49th Streets, The Real Deal first reported. Asking […]… Read More Investment Firm One William Street Shrinking Digs With Move to 299 Park Avenue

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Manhattan office sales quadruple in the third quarter

According to this week’s market reports, Manhattan office sales more than quadrupled and FiDi home prices dropped 51 percent in the third quarter. Residential Sales | Corcoran In the third quarter, the median sales price in Brooklyn dropped 3 percent year over year to $702,000. The price decline coincided with weaker sales activity. During the period, the number of closed sales dropped 7 percent to 1,574 transactions and the number of contracts signed decreased by […]… Read More Manhattan office sales quadruple in the third quarter

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New options open for homeowners seeking a reverse mortgage

You’ve probably seen actor Tom Selleck suavely pitching federally insured reverse mortgages on TV and thought, hmm, that sounds interesting. He says you can turn your home equity into cash and not pay back anything — no principal, no interest, no fees — for years after your retirement. And it’s true: Some form of a reverse mortgage could be a good choice for you, but it might not be the government-backed type Selleck is hawking. […]… Read More New options open for homeowners seeking a reverse mortgage

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