Joseph Harbert

RXR Said to Buy 99-Year Leasehold at 75 Rockefeller Plaza

Scott Rechler’s RXR Realty LLC, one of the most aggressive buyers of New York City offices since the financial crisis, agreed to acquire a 99-year leasehold interest in 75 Rockefeller Plaza, a person familiar with the deal said.

New York Plaza District Offices Empty as Banks Cut Space

Manhattan’s Plaza district, the area near Central Park that commands the nation’s highest office rents, has a glut of space as financial firms cut back and tenants seek trendier neighborhoods south of Midtown.

Office Rents Increase 5.6% in Manhattan’s Midtown South

Rising demand for space from Internet and media firms helped boost rents at office buildings south of midtown Manhattan by 5.6 percent in the first quarter, according to a report by Cushman & Wakefield Inc.

Manhattan Office Rents Rise for First Time Since Lehman Bankruptcy Filing

Manhattan office rents rose for the first time in more than two years in the fourth quarter as landlords took advantage of a surge in demand for space, according to brokerage Cushman & Wakefield Inc.

Brookfield Saves in ‘Big Megillah’ Deck Plan for New York West Side Towers

Brookfield Office Properties Inc. is seeking to gain an edge in the construction of millions of square feet of office space on Manhattan’s west side by using bridge-building technology to cover a 65-foot railroad trench.

Manhattan First-Quarter Office Leasing Is Highest Since 2006, Cushman Says

Manhattan office leasing reached a four-and-a-half-year high in the first quarter as tenants sought to complete deals before rents climb further, according to property broker Cushman & Wakefield Inc.

Manhattan’s Commercial Property Sales More Than Double in First Half

Manhattan commercial-property sales more than doubled in the first half of the year, led by the highest-quality buildings, as investors competed for assets.

Downtown Manhattan Office Vacancy Rate Hits a Six-Year High as Firms Move

Downtown Manhattan’s office vacancy rate jumped in the third quarter to the highest level since 2004 as new space came on the market from financial companies, according to brokerage Cushman & Wakefield Inc.

Manhattan Office Leasing Slides 36% From ‘Phenomenal’ Second Quarter Pace

Manhattan office leasing fell 36 percent in the third quarter from a 12-year high in the previous three months as demand retreated from what had been a “phenomenal” pace, Cushman & Wakefield said.

Manhattan Has Strongest Office Lease Month Since 2006

Manhattan had its strongest month for new office leasing since September 2006 as tenants took advantage of lower rents by moving to higher quality spaces, Cushman & Wakefield Inc. said.

"They have been super-active."

- Joseph Harbert on Jan 14, 2013

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China Hot Market Without Profit Seen in Pretty Lady Card

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China’s Recovery Falters as Manufacturing Growth Cools: Economy

Airbus’s Biggest A350 Vindicated as Boeing Faithful Places Order

Richie Havens, Woodstock Festival’s Opening Act, Dies at 72