Office floors with a private terrace generate higher premiums, roughly 14% over non-terrace floors.

In the arrangement, SL Green will maintain a majority share in the building in the 50/50 joint-venture, leaving the stake range between 45 percent and 49 percent.

Acquiring the cross border properties in an aggregate fashion was in line with the REITs growth initiative.

Midtown has the majority of large office blocks and its office availability has increased by 80 basis points over the past quarter to 11.6%, a two-year high.

Real estate decision-makers are trying to decode market messages and the movements of leading institutional investors, said Tim Lee, principal at Olive Hill Group.

NEW YORK CITY- New York and New Jersey transit infrastructure is growing worse despite economic dependency on the connective travel lines between…

The 136,000-square-foot site hosts a megastore and features a three-level, 60,000-square-foot parking garage and a public waterfront esplanade overlooking the Verrazano Bridge.

The Morgan North building features floor plates of an estimated 200,000 square feet each. The renovation puts among the five Manhattan office buildings with gigantic floors of that size.