Rosenberg & Estis Founding Partner Warren Estis on Eminent Domain
When the Metropolitan Transportation Authority finalized its construction plans for the Fulton Center, the result will be a downtown commuter’s dream. But to get there, the MTA had to use eminent...
View ArticleWeWork Leases 120,537 Square Feet at 222 Broadway, Builds Momentum of...
The collaborative workspace provider WeWork signed a 16-year, 120,537-square-foot lease at 222 Broadway, The Commercial Observer has learned. David Berkey and Andrew Wiener represented the building...
View ArticleNext Stop, Lower Manhattan: Fulton Center Transit Hub Chugs Forward
As Grand Central Terminal celebrates its centennial year as a crown of Midtown, the Fulton Center transit hub is being born three miles south. It’s been a rocky delivery. Since 2004, when the...
View ArticleCBRE Research Finds Strong Link Between Rents, Subway Station Proximity
A new CBRE research report has found that, on average, Manhattan office buildings adjacent to major subway stations fetch asking rents 19 percent higher than properties within two blocks of those busy...
View ArticleFulton Center to Open to the Public on June 26
Fulton Center will open to the public on June 26, according to materials released Monday by the Metropolitan Transportation Authority’s Capital Program Oversight Committee. First introduced in 2004,...
View ArticleFulton Center by the Numbers
Opening of the Fulton Center (MTA). After 12 years of planning and much fanfare, the long-awaited Fulton Center at 200 Broadway opened before the sun rose over Lower Manhattan yesterday morning....
View ArticleUnited Overseas Bank Lends $19M to Iconic New York Retail Investment Firm
The Chera family’s real estate firm Crown Acquisitions took a $19 million loan from United Overseas Bank to fund the recent acquisition of a retail building at 144 Fulton Street in Lower Manhattan,...
View ArticleDowntown Office Asking Rents Reach All-Time High: CBRE
Average asking rents of office space Downtown hit an all-time high of $62 per square foot in May, according to a new CBRE report which talked up Lower Manhattan’s continued, growing appeal to...
View ArticleWhat Does Chick-fil-A Have Cooking for Its 12K-SF, Five-Story FiDi Eatery?
Next year, Chick-fil-A will be opening its third restaurant in Manhattan—the company’s largest-ever and the first one outside of Midtown. The lease was signed in 2016, but the company has announced...
View ArticleNew Lower Manhattan Tower Tackles Affordable Housing Void
In September, some 14,000 applications poured in for the 63 units at 7 Dey Street, the first residential tower built in Lower Manhattan under the state’s four-year-old Affordable Housing New York...
View ArticleWarren Estis, Founding Partner of Rosenberg & Estis, Dead at 73
Warren A. Estis, a founding partner of the formidable real estate law firm Rosenberg & Estis, died on Wednesday, the firm announced. He was 73. At Estis’ eponymous legal firm, he served as the lead...
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