Average asking rent for office space at 136 Madison Avenue, once known as the Backer Building, is $65 per square foot.
In Manhattan alone, 2024’s leasing activity surpassed 30 million square feet by the end of the fourth quarter.
The building has been vacant for about 2 years, reports say. Hines paid $61M for the building three decades ago.
Following several years of elevated inflation, muted growth and general uncertainty, commercial real estate could be ...
The number of Publix-anchored retail property sales in South Florida has grown again with another real estate investment deal ...
SPF:architecture cofounder spoke with Commercial Observer about how the past year has treated the firm amid changing market ...
Arilex Realty has nabbed $59 million of construction financing to build a multifamily asset in northern New Jersey.
RFR Holding has suffered three foreclosures during the last month of the year (and there’s still roughly 12 hours left).
The commercial real estate market in Southern California this year was again defined by a sinking office sector, a seemingly ...
Cybersecurity firm Fortinet is set to purchase the property at 548 West 22nd Street from Atlas Capital Group for $50 million.