Chinese investors’ appetite for Class A US commercial property is once again evident as the country’s Anbang Insurance Group, owner of the Waldorf Astoria Hotel, has agreed to buy 21 floors of an office building on Fifth Avenue in Manhattan. The... Read More
A surge in west coast leasing by high-tech companies looks set to make San Francisco the most expensive US office location. According to brokers CBRE, it will be the first time in more than a decade that Manhattan has lost its number one spot as America’s... Read More
The four-way partnership which owns a 26-storey office and retail building on Manhattan’s Fifth Avenue has to agreed sell the prestige property for a reported $595m (£349m). The current owners of 530 Fifth Avenue — Rockwood Capital, Jamestown,... Read More
Three years after rescuing a Park Avenue office tower from default Vornado Realty Trust has put the Manahattan property on the market. Vornado — which has a stake in more than 20m square feet of Manhattan office space — has instructed Eastdil Secured to... Read More
Stephen Ross, the chairman and CEO of New York real estate firm Related, has chosen British designer Thomas Heatherwick to create a work of public art for the firm’s Hudson Yards development. He will work alongside landscape artist Thomas Woltz to... Read More
The short-term outlook for office construction will be sluggish, according to a new report, but the New York Building Congress is forecasting better days ahead over the long term.... Read More
