Williamsburg commercial landlords latest to drop prices ahead of L train shutdown

The L train shutdown has hung over Williamsburg like a looming black cloud for several years now, and the signs of discounted real estate have begun to emerge. While asking rents for residential real estate have dipped $250 since 2016, commercial landlords are now starting to offer discounted space as well, according to Crain’s. TerraCRG[…]

Getty Images is moving to FiDi

Getty Images, the international photo and multimedia agency, will move its New York offices further downtown to 195 Broadway in the Financial District. The company, which is currently based at One Hudson Square, will take the entire 42,000-square-feet 10th floor at the 29-story building, according to the New York Post. There it will join tenants[…]

William Gottlieb Real Estate accuses architecture firm of “blackmail”

In an escalating saga of who-owes-what-to-who, the property management arm of William Gottlieb Real Estate has accused its former architect of “blackmail” after it severed contracts on 72 projects amid a pay dispute. William Gottlieb, which is involved in developments in Greenwich Village, Meatpacking District and the Lower East Side, alleged that its architect threatened[…]

AvalonBay looking to sell stake in $1.2B Manhattan apartment portfolio

Mega-landlord AvalonBay Communities is hoping to offload half of a $1.2 billion Manhattan portfolio, as apartment prices continue to rise in the city. The publicly-traded firm, one of the largest apartment owners in the U.S., is looking to sell seven buildings in areas including Morningside Heights and Chelsea, sources told Bloomberg. The company did not[…]