The Commercial Observer: So, my first question is ...
Mr. Boisi: 'What's the name of your new company?'
You got it. What is the name of your new company?
Our new brand in New York and the rest of the nation is Cassidy Turley.
Give me a bit of background.
Back 15 Read More
Colliers ABR director of research Robert Sammons isn’t some sort of sunny-eyed optimist whose overly cheery outlook immediately transforms horrific markets into “challenging” ones, or plummeting rents into “competitive asking prices.”
So it’s kind of meaningful when Mr. Sammons puts out an optimistic report. Which is exactly what he’s done.
After leading his Manhattan Monthly with a pointed Read More
Manhattan’s high-end leasing market has gone from bad to slightly less bad.
The Class A vacancy rate, for example, fell from a bad 12 percent in July to a slightly less bad 11.8 percent in August, according to a monthly report from Colliers ABR. Accordingly, average asking rents for Class A space rose a Read More
July's killed, and that can only mean one thing: the biannual commercial broker pecking order. Let the insults Read More
The Manhattan office market, according to a new report, hasn't looked this bleak since Barack Obama was a community organizer with designs.
Both the overall Manhattan commercial vacancy rate and the vacancy rate for top-shelf, Class A properties in midtown are the highest since 1996, according to Colliers ABR's May market report (PDF). Overall vacancy Read More
The bidding wars have begun for embattled insurance giant AIG’s two downtown New York skyscrapers, with the second-round bids rolling in May 7. So far the bidding process—which will finally give downtown landlords some sense of what their properties are worth—is pointing to a market that, much like elsewhere in Manhattan, is sore and tender Read More
Downtown hosted six of the top 10 leasing deals of the first quarter, according to a new report (PDF) from Colliers ABR. The other four were in troubled midtown.
The three biggest leasing deals as follows:
Street-side, midtown’s glass walls can feel desensitizing and claustrophobic. Inside are miles of cubicles, as far as the glazed eye can see. But it is not aesthetics that have made midtown the seat of America’s financial industry.
It is the mundane: access to New York City’s superlative labor pool; fast transport to mannered estates in Read More
New York City’s iconic man-made towers might just, should this downturn prove as dreadful as some have predicted, start experiencing some mysterious (and embarrassing) shrinkage. On paper, at least.
Allow us to explain. In English, a square foot translates into a scientifically precise 144 square inches. In New York real estate–ese, a square foot Read More
If commercial real estate brokerages were high schools, brokers would be basketball players, and researchers, the cerebral folks who turn data into decipherable macroeconomic pictures, would be enthusiastic members of the math club.
“We’re nerds and we love it,” said the amiable Ken McCarthy, managing director of New York research for Cushman & Wakefield. Read More
At 8 on Tuesday morning, Brasserie, an omelet house of choice for real estate heavyweights, was nearly empty. Maybe the winter recess in Westchester public schools had Papa and kids sunning in Acapulco. Or maybe his firm is keeping a closer eye on expenses. And with good reason.
If one thing’s for sure in commercial Read More
The Principality has paid $4.95 million for two commercial condominiums on the 27th floor of 633 Third Avenue, Read More
Where once a tenant broker could simply access CoStar to ascertain how Read More
The bars don't lie. The above chart, courtesy of Colliers ABR research ace Robert Sammons, shows a steady increase in the amount of top-flight Manhattan office space available for either lease or sublease. The total was up to about 20 million square feet by November's end--roughly 5 percent of the borough's total office space. Read More
It’s not a new business, mind you. It’s more like an old one that reemerges when Read More
