realty check
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Business
NYC towers put final touches on major upgrades as they buck downtown malaise
We know the bad news about downtown: offices 30% vacant, Water Street a near ghost town and some old buildings…
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Business
NYC’s most fashionable shopping corridor gets mystery makeover
Uptown Madison Avenue, the city’s premier luxury shopping corridor, faces momentous change on the gilded blocks where East Midtown meets…
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Business
Owner of 60 Wall St. makes bold bet with massive $250M revamp
The struggling Financial District’s brightest hope — and biggest challenge for its owners — is 60 Wall St., the vacant, 1.6…
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Business
Yeshiva University enlarges Midtown footprint with Herald Center deal
Yeshiva University plans to establish a new, state-of-the-art health sciences campus inside Herald Center, sources told Realty Check. What insiders…
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Business
Aging NYC office building shows how to succeed despite trend toward shiny new towers
Let’s say you own a 60-year-old, near-900,000 square-foot Midtown office building. Demand for space in Midcentury buildings is weak. A half-billion-dollar…
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Business
Midtown tower with famed lineage sells for first time in eight decades
An office building once owned by John Jay Astor has sold for the first time in 82 years. Jay Properties…
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Business
Whole Foods to beef up NYC footprint with new outpost in East Village
Whole Foods signed a lease for a new store in the East Village in a space that has been empty…
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Business
NYC developer Michael Shvo slams $600M suit by exclusive club as ‘cynical ploy’ for rent reduction
A $600 million lawsuit filed against a New York property magnate by the Core Club – the ultra-exclusive Fifth Avenue…
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Business
Salesforce reportedly orders staff to return to office ‘four to five days a week’
The thronged Bryant Park area will soon be even more thronged. Salesforce, the powerhouse software company that’s the largest tenant…
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Business
Staple Pigeon streetwear launches first US store in Soho
Streetwear clothing brand Staple Pigeon is launching its first permanent US store at 21 Mercer St. in Soho. The tenant was…
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