Here’s How the Empire State Building’s Owner Lures Tenants to Prewar Office Properties

Flight to Quality Trend Isn’t as Simple as New Versus Old Properties, REIT’s CEO Says Originally posted by Andria Cheng, CoStar News As office vacancies in New York and the country reach record highs, the owner of Manhattan’s iconic Empire State Building seems to be bucking the trend — but not with shiny new trophy […]

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New York’s Flatiron Building Sale Thrown Into Confusion by Lack of Down Payment

Originally posted by Andria Cheng, CoStar News The surprise outside bidder who won the $190 million public auction of the iconic Flatiron Building in New York has failed to make a scheduled 10% down payment, the sale organizer said, potentially setting the stage for the property to be peddled again. Managing Partner Jacob Garlick of Abraham Trust,

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