Touro College

• February 2022 New York Commercial Real Estate Market Report
• Retail: Manhattan’s retail market is slowly making a comeback. Last quarter aggregate leasing velocity rose to about 1.86 million square feet. The figure is up 17% from the prior quarter, but still 14% below the prior year.The number of direct ground-floor availability in the fourth quarter decreased to 266 spaces from the 282 recorded in the third quarter, across the 16 retail corridors. On Broadway in SoHo, availability dropped 24% from 25 to 19 spaces. The average retail asking rent in those 16 retail corridors dropped about 1% to $597 per square foot or 8% below the prior year. This …
  
  
• January 2022 New York Commercial Real Estate Market Report
• Office: Core Club signed a 20-year lease to take up to 60,000 square feet at 711 Fifth Avenue. The club is expected to take occupancy late next year, after outgrowing its 32,000-square-foot space at 60 East 55th Street. Touro College is consolidating its scattered Manhattan footprint in the heart of Times Square. The private university system has signed a 32-year lease for 243K SF at 3 Times Square tower. Touro intends to relocate much of the graduate and undergraduate programming at its three Manhattan locations. Bloomberg LP agreed to take an additional 191,000 square feet at 919 Third Avenue. Bloomberg …
  
  
• August 2020 New York Buildings For Sale
• Buildings For Sale: 22 West 35th Street, a 4,340 RSF building asking $22,800,000 209 West 20th Street is a 12 story free market apartment building asking $9,500,000 152 West 24th Street is a 2,468 RSF building asking $6,800,000 57 West 38th Street is a retail condo 9,500 SF on ground floor and basement asking $12,500,000 10 West 46th Street is a commercial condo 4,915 SF asking $5,200,000 91 East Broadway Hotel for sale 15,113 SF asking $20,000,000 420 Fifth Avenue commercial condo 18,003 RSF asking $21,500,000 62 Mulberry Street, a 44,160 RSF parking garage for sale asking $18,500,000 Buildings Sold: …
  
  
• December 2019 New York New Developments
• Major Developments: Tourism in New York City continues to rise but the Times Square submarket retail market has declined in retail pricing. Macy’s same store sales fell 3.9% at stores open for the last year. Target’s physical stores and online shop saw a 4.5% bump, with a 10% increase in clothing sales. The EB-5 program’s new federal regulations are in effect, and will double the minimum dollar amount that all foreign visa-seekers must put into development projects. Under the new regulations, investors must contribute $900,000 from the previous $500,000 for a project in a low employment zone. The investment amount …
  
  
• July 2018 New York New Developments
• New York Major Developments: The top 10 office lease deals totaled 2.4 million square feet, larger than last month’s top 10 leases, which totaled 1.9 million square feet. 1) Deutsche Bank signed a lease for 1,100,000 square feet of office space at 1 Columbus Circle. 2) Facebook signed a lease for 370,000 square feet of office space at 770 Broadway. 3) McKinsey & Co. signed a lease for 186,000 square feet of office space at 3 World Trade Center. 4) Blank Rome signed a lease for 138,000 square feet at 1271 Sixth Avenue. The firm is taking the 15th, 16th …
  
  
• April 2015: New York Buildings For Sale
• New York Buildings sold Chinese insurance company Groups bought the Waldorf Astoria for nearly $2 billion. It was the largest ever Chinese investment in a single Manhattan property and that was negotiated chairman Wu Xiaohui to chairman Jonathan Gray head of real estate for Blackstone.Maddd Equities bought the school component of a 14-story Upper East Side building for $24.5 million. The school is located inside a 181,700-square-foot building at 1225-1239 Second Avenue, located between East 64th and 65th streets. The Grace Institute had owned the roughly 45,200-square-foot space since 1963.David Berley purchased 160-162 Lexington for $24.5 million from Lexington Landmark …
  
  
• January 2015: NYC New Developments
• New Developments A new building by Cape Advisors at 535 Greenwich Street would have 26 floors and 116 condo units, on an L-shaped lot. The 57,500-square-foot warehouse site with 42,500-square-feet of buildable air rights. Kaled Management filed plans for a 10-story apartment building at 711 West End Avenue, also known as 306 West 95th Street. Alchemy Properties unveiled plans for a new 24-story tower in NoMad at 846-850 Sixth Avenue. It will contain 52 residences totaling 105,973 square feet or 2,000 square each condo. The tower will rise 316 feet and have a 3,100 square feet retail space. Demolition permits …