NYC Alliance has signed an 11-year lease for approximately 50,000 square feet at 1441 Broadway, the 34-story Midtown tower known as 10 Times Square, more than doubling the apparel wholesaler’s current footprint in the city’s historic fashion corridor. The company currently occupies about 25,000 square feet at nearby 1411 Broadway and is expected to vacate that space and relocate to the larger address in 2027. The deal expands NYC Alliance’s showroom, design, and operational presence…
Hydrogen Fitness Signs 17K-SF Lease at 145 East 32nd Street for First NYC Location
Hydrogen Fitness signed a 15-year lease for 17,000 square feet at 145 East 32nd Street in Manhattan’s Murray Hill neighborhood, marking the premium gym chain’s first New York City location, Commercial Observer has learned. The tenant will occupy the ground floor, lower level, and mezzanine of the building, owned by Meyer Equities, and will operate a juice bar concept called Hydro Bar on-site. Asking rent was $70 per square foot. The deal marks Hydrogen Fitness’s…
NYC City-Leased Buildings for Sale for First Time in Over 40 Years
Six City-Leased NYC Buildings for Sale in the Bronx and Queens Six NYC city-leased buildings for sale are hitting the market Tuesday for the first time in decades, with seller Wolet Enterprises seeking more than $50 million for the Bronx and Queens portfolio, according to listing broker Lee & Associates NYC. “With New York continuing to invest heavily in programs like pre-K and early childhood education, assets like these offer investors durable, government-backed cash flow…
Manhattan Office Leasing Hits Post-2019 High in Q4 2025 | Market Report
Manhattan’s office market closed 2025 with its strongest quarterly leasing performance since late 2019, as tightening availability, rising rents and growing tech demand signal a more durable recovery entering 2026. Lee & Associates NYC’s 2025 Q4 Manhattan Office Market Report shows leasing volume reached 11.6 million square feet in the fourth quarter, bringing full-year demand to 42 million square feet, up 7 percent over 2024. Availability declined for the seventh consecutive quarter to 13.9 percent, while net…
REBNY Fellows 2026 | Ryan Fitzpatrick Honored
Among the distinguished REBNY Fellows 2026 was Ryan Fitzpatrick, an associate at Lee & Associates NYC, who was recognized for his leadership and contributions to the commercial real estate brokerage industry. Fitzpatrick has built a reputation for advising clients across complex transactions while remaining actively engaged in the broader New York real estate community. The REBNY Fellows designation is one of the organization’s most respected honors, awarded to individuals whose careers reflect sustained achievement, ethical…
REBNY 2026 Honorees | James Wacht Among Award Winners
James Wacht’s Broker Recognition Award The 2026 list of REBNY 2026 honorees featured several distinguished professionals whose work has had a lasting impact on the city’s real estate community. Among them was James Wacht, Managing Principal at Lee & Associates NYC, who received the Louis Smadbeck Memorial Broker Recognition Award for integrity, leadership and long-standing contributions to both the brokerage community and REBNY itself. Wacht, a lifelong New Yorker and industry veteran, has led Lee…
Saks Global Bankruptcy Impact | Retail Real Estate Trends
The Saks Global bankruptcy impact is drawing attention across commercial real estate markets, with industry experts saying the Chapter 11 filing reflects deeper shifts in how retail space is valued and used. According to Peter Braus, president of Lee & Associates NYC, the move underscores a structural change in the role of large-format department stores in today’s retail landscape. The Saks Global bankruptcy impact extends beyond the retailer’s balance sheet, touching property owners and landlords…
366 Fifth Avenue Lease | Amiee Lynn Renewal in Midtown Manhattan
The fashion and accessories retailer Amiee Lynn has signed a 366 Fifth Avenue lease renewal, extending its presence in Midtown Manhattan with a long-term commitment to more than 29,000 square feet across the entire 10th and 11th floors of the office building. Amiee Lynn extended the 366 Fifth Avenue lease for five years and seven months, with an asking rent of approximately $57 per square foot, according to Lee & Associates NYC. The renewal was…
SceniX 80 Eighth Avenue Lease: Full Floor Secured
AI platform SceniX is continuing to scale its footprint in New York City, securing a full-floor lease at 80 Eighth Avenue as the company expands its robotics-focused operations. The 5,914-square-foot deal gives SceniX an opportunity to grow in a neighborhood that has become a hub for tech, creative firms, and AI-driven startups seeking efficient, well-located office space. The company, which specializes in robotics development tools and AI-driven simulation environments, had been searching for a space…