News
Hudson Square Is Winning the 2026 Office Market
8+ hour, 23+ min ago (745+ words) A dwindling roster of quality office supply citywide is turning New York's Hudson Square's elevated availability rate into an asset. The Midtown South neighborhood had the third-highest office availability rate in Manhattan at the end of 2026's first quarter, at…...
ICSC 2026: Inflation, Trampoline Parks and the Fate of Luxury
3+ day, 2+ hour ago (709+ words) Another year is in the books. Tens of thousands of brokers and investors piled into the Las Vegas Convention Center earlier this week to talk retail at ICSC and Commercial Observer was on the ground to capture the mood. First:…...
State of California Takes 20 K-SF Office at 1180 Avenue of the Americas
4+ day, 23+ hour ago (354+ words) The State of California has leased 20, 000 square feet of office space at 1180 Avenue of the Americas, Commercial Observer has learned." The deal appears to mark a relocation of the California Franchise Tax Board's Manhattan field office. The tenant previously occupied…...
Harbor Associates-Led Venture Buys So Cal Industrial Park for $81 M
5+ day, 23+ hour ago (329+ words) A small-bay industrial campus in Southern California has traded hands for about $289 a square foot as smaller warehouse properties outperform larger assets in the top logistics and manufacturing market in the U. S. Harbor Associates, in a joint venture with investment management…...
Robotics Firms M'bius, Alquist Ink Leases at Brooklyn's Industry City
6+ day, 1+ hour ago (145+ words) Two robotics firms are moving their programming to Industry City in Brooklyn's Sunset Park neighborhood. M'bius Industries, which uses artificial intelligence to transform urban waste into raw materials, took the largest amount of space with a three-year, 7, 000-square-foot deal in…...
AI Is in the Office in New York, and Other Observations
6+ day, 2+ hour ago (696+ words) Artificial intelligence firms are filling office buildings at an accelerated pace recently, but that doesn't bring much comfort to landlords and brokers tracking layoffs in the tech industry thanks to machine learning taking the jobs of the programmers who made…...
Vornado, Stellar Finalize Plans to Add 976 Units to Independence Plaza
1+ week, 4+ day ago (310+ words) Vornado Realty Trust and Stellar Management have finalized plans to build an additional 72-story residential tower at Independence Plaza, a three-building, 1, 328-unit multifamily campus in Manhattan's Tribeca neighborhood, according to a Wednesday filing with the New York City Department of…...
Retailer Garage to Open 9 K-SF Corner Store at RFR's 160 Fifth Avenue
1+ week, 5+ day ago (287+ words) Canada-based fashion retailer Garage is taking over the iconic retail corner at RFR Holding's 160 Fifth Avenue for its second New York City store, Commercial Observer has learned. Garage is a fashion brand catering to Gen Z and Millennials and is…...
AI Firm Forus Inks 25 K-SF Lease at Zar Property's 109 Wooster Street
1+ week, 5+ day ago (236+ words) Forus, an artificial intelligence company formerly known as Tandem, has inked a 25, 200-square-foot lease at Zar Property NY's 109 Wooster Street in Manhattan's So Ho neighborhood, Commercial Observer has learned." The company, which focuses on modernizing medication access and health care…...
California's Office Vacancy Is a New Housing Opportunity
1+ week, 6+ day ago (565+ words) In the post-COVID era, California cities have debilitating office vacancies " more than 30 percent in San Francisco and 25 percent in Downtown Los Angeles. In response, the California legislature took decisive action to preserve these urban areas and address the state's housing…...