Real Estate

New York City’s tech boom began in the 90s when the Flatiron District became known as Silicon Alley – the East Coast equivalent of Silicon Valley. Slowly but surely, startups and technology companies started opening offices across New York City, including Google, Facebook, Amazon, Apple, and Tesla. Young, innovative companies involved in blockchain, fintech, biotechnology, and artificial...

Manhattan retail rents are on the rise, but remain below pre-pandemic peaks. Of the 17 major Manhattan retail corridors analyzed for a report by the Real Estate Board of New York, nine had average asking rent per square foot grow from Fall 2021. In the wake of the pandemic, supply chain issues, soaring prices and staffing shortages have kept retail tenants stuck in a slow recovery. The report also...

The bank lending environment, like the rest of the commercial real estate world, has dealt with numerous factors over the past two and a half years that have turned it on its head – from the pandemic to global inflation to various sectors over- or under-performing compared to their pre-pandemic numbers. Partner Insights spoke to Chris Niederpruem, managing director and group head of real estate finance...