News/Events
Tishman Speyer Signs 150-Year Ground Lease to Reposition Chrysler Building
Tishman Speyer is taking over stewardship of the landmarked Chrysler Building with plans to renovate it after signing a lengthy ground lease. The Cooper Union for the Advancement of Science and Art, the private college which owns the land underneath the tower, finalized a $235 million deal with the commercial real estate giant that is…
John Meko of WiredScore: 5 Questions
WiredScore’s latest report, “Fit for lease: How digital connectivity became the new test for Class A offices,” finds that 81 percent of tenants would choose an office suite with connectivity already installed over one without. The report also indicated that 99 percent of those surveyed expect AI to be adopted across their organizations within the…
Health Care Investment Firm Lorient Inks 6K-SF lease at Durst’s 825 Third Avenue
Lorient, an investment firm focused on health care, will open its first New York City office at the Durst Organization‘s 825 Third Avenue in Midtown East, Commercial Observer has learned. The Miami-based investment firm signed a 5,556-square-foot lease at the 40-story office tower, according to Durst. The length of the lease and the asking rent…
Amazon’s Lessons for Multifamily Operators
Property maintenance remains the most underinvested net operating income lever in multifamily operations. Maintenance has long been treated as a necessary expense to keep properties operational, but that limited perspective misses its much broader influence on asset performance. I like to think of multifamily maintenance, now a multibillion-dollar global industry, as the hidden supply chain…
The Plan: At the Waldorf Astoria Residences, Time Stops — and Takes a Swim
Do you remember the first time you saw “The Wizard of Oz,” and there was that moment when Dorothy lands in Oz and opens her front door to reveal a world of marvelous, bright, intense color? That’s what it’s like to visit the Waldorf Astoria Residences at 303 Park Avenue in Midtown Manhattan. The finishing…
Soaring Yields Strand REITs In M&A No-Man’s-Land
REITs are being squeezed by 10-Year Treasury yields above 5%, forcing deals to be repriced in real time. Any large deal has been "put on pause."
Activist Investor Buys Stake In Empire State Building Owner
Bruce Schanzer's Erez Asset Management now owns 5.8% of the REIT, which owns the Empire State Building.
San Francisco Office Market Climbs, Fueling Demand For Large Blocks, Luxury Space
The San Francisco office market surged with artificial intelligence, hitting 12.1M SF leased so far in 2026, according to Avison Young.
How UK Investment Giant L&G Plans To Grow Its U.S. Multifamily Holdings
L&G Asset Management sees an opportunity to make more investments after funding its first new U.S. multifamily development in Massachusetts.
