Total Manhattan Industrial Vacant space increased from 0.50 to 0.51 million RSF. Midtown vacancy increased to 0.33 million RSF from 0.30 million RSF. Midtown South vacancy dropped from 0.20 to 0.18 million RSF.  Available Manhattan Downtown Industrial space remains at zero, as it has been for 6 months.

New York  Buildings For Sale :

• Fortunoff is set to sell its 64,000 SF Fifth Avenue building and rent store space back from the new owners, Metropole Realty Advisors.
• Delano Village, comprising of 1,800 apartments, is for sale and is expected to sell for $185 million to $200 million.
• Carnegie Hall located at 165 W. 57^th Street is up for sale with a price tag of $20 million.
• Retail spaces at 407 Park Avenue are up for sale, asking $15.5 million.
• 521 Fifth Avenue, a 40 story tower, is expected to sell for $250 million.
• 180 Montague Street, a 33 story, 192 unit building, is for sale and is expected to sell for $100 million.

New York Buildings Sold:

• The Helmsley Building at 230 Park Avenue has been sold to Andrew Farkas and Dubai Sheikh for more than $705 million.
• McSam Hotel LL has purchased a parking lot located at 121-125 W. 26^th Street for $9.3 million dollars as the potential site for a new 64,760 SF hotel.
• 128 West 13^th Street was purchased by Ultimate Reality who is now looking to re-sell it for $13 million or lease it for $900,000 a year.
• 46 East 61^st Street, a 12,000 SF townhouse was purchased by Jewelry company Graff for $12 million.
• Space at 2 East 63^rd Street was sold for $31.25 million to Access Industries from The New York Academy of Sciences.
• 227 West 61^st Street was sold for $31.2 million to Cofinance.
• 85 East End Avenue was sold for $70 million.
• 101 West 87^th Street and 225 Rector Place were sold for a combined at $165 million.
• River Terrace sold for $363 million.
• Manhattan House was sold for $625 million.
• 330 units at 20 Park Avenue, 40 Park Avenue, 10 Downing Street, and 167 East 82^nd Street, were sold to Stonehenge Partners for $168.5 million.
• 12,500 SF at 57 Worth Street was sold to Tishman Speyer Properties for $153 million.
• 627 West 42^nd Street, a 46-story condo, was sold to Joe Moinian for $150 million.
• 200,000 SF at 823 U.N. Plaza was purchased by Macklowe properties.
• 400 East 92^nd Street, a 32-story 80/20 apartment and retail building was sold to UBS Realty Investors.
• The Clearwater Portfolio, containing 10 Greenwich Village rental properties, was sold by Sterling Equities for $95 million.
• 551 Madison, a 146,000 SF office tower was sold to Pension Reserves Investment Management Board of Massachusetts.
• 228,327 SF at 387 Park Avenue, a 12-story loft building, was sold to Rockrose for $70 million.
• 220 West 58^th Street and 221 West 57^th Street were sold to the Gary Barnettled Group for $67.5 million.
• 280 Richards Street, a 15.9-acre site, was sold to Joseph Sitt and Thor Equities for $40 million.
• 16 East 32^nd Street, a 12-story hotel was sold for $35.7 million.
• 201-205 and 207-209 West 11^th Street, two 6-story buildings, were sold to the Dermot Company for $30 million.
• 137-141 Duane Street, a 73,546 SF building has been sold for $27 million.
• 16 West 19^th Street, a 12-story 63,000 SF office building with 7,000 SF of air rights has been sold for $25 million.
• 175 Varick Street, a 10-story loft building has been sold for $21.85 million.
• 3 buildings at 66-70 East 45^th Street were sold to Waterscape Resort, LLC for $20.8 million for possible hotel and condo conversion.
• 51-18 Vernon Boulevard, a 26,818 SF parking lot, has been sold to a Queens developer for $10.7 million.
• 42-09, 43-11, and 43-15 Hunter Street comprising 7,500 SF of land has been sold for $7.5 million.
• 50 East 91^st Street, a 4-story building with 4,600 SF, was sold for $5.9 million.
• 9 Minetta Street, a 5-story, 20-unit rent controlled building was sold to Thomas Guss for $3.8 million.
• 525 West 175^th Street, a 6-story, 21-unit mixed-use building, was sold for $3.1 million.
• 839 Sixth Avenue, a 32,000 SF building was sold for an undisclosed amount.

Noteworthy Manhattan Leases:

• Citigroup leased 300,000 SF at 485 Lexington Avenue.
• Scientific America Inc. renewed its lease at 415 Madison Avenue.
• The National Sports Museum signed a lease for 101,000 SF at the Standard Oil Building at 26 Broadway.
• Smith & Wollensky Restaurant Group leased 11,307 SF at 880 Third Avenue for $40 per SF.
• Hosfelt Gallery leased 7,500 SF on the top floor of 531 West 36^th Street.
• Bartle Bogle Hegarty moved from the Flatiron district to 32 Sixth Avenue.
• The NYC Office of the Comptroller has moved from 1 Centre Street to 1 Seaport Plaza.
• Fireman’s Fund has relocated to 1 Chase Manhattan Plaza from 75 Wall Street.
• Assurant leased 50,000 SF of office space at 1 Chase Manhattan Plaza.
• Equinox leased 37,993 SF at 568 Broadway for its first gym in SOHO.
• Reis moved from 5 West 37^th Street to 530 Fifth Avenue.
• Harry N. Abrams leased 33,000 SF at 115 West 18^th Street.
• Grubman Indursky renewed its lease for 25,500 SF at 152 West 52^nd Street.
• Oppenheimer Funds signed a lease for an additional 25,000 SF for a total of 215,000 SF in 2 World Financial Center.
• Container Store leased 24,500 SF at 731 Lexington Avenue.
• HNTB Corporation leased 23,855 SF at 5 Penn Plaza.
• Success Apparel leased 22,000 SF at 19 West 34^th Street.
• Hennes & Mauritz leased 20,000 SF at 111 Fifth Avenue for its eighth Manhattan store.
• Charming Shoppes leased 17,468 SF at 463 Seventh Avenue.
• Bentex Group Inc. leased 16,500 SF at 34 West 33^rd Street.
• The National Cartoon Museum leased 15,000 SF at the Empire State Building.
• Beauvais Caprents leased 14,000 SF at 595 Madison Avenue, the Fuller Building.
• Weave Corporation renewed its lease for 12,950 SF at 1071 Sixth Avenue.
• Translation leased 12,500 SF at 145 West 45^th Street.
• Citibank renewed its lease for 12,000 SF at 1440 Broadway.
• Titan Outdoor leased 11,858 SF at the 850 Third Avenue Discovery Building. The moved from 540 Madison Avenue.
• Berkeley Global LLC leased 11,000 SF at 501 Fifith Avenue.
• The Horn Group leased 10,105 SF at 55 Broad Street, moving from 680 Fifth Avenue.
• Binding Products signed a 10-year lease for 10,000 SF at 460 West 36^th Street.

OFFICE
Manhattan CLASS A OFFICE SPACE (In Millions of Rentable Square Feet)
	Vacant Space					Available now and in the next two years
	Direct	Sublease	Total	% Vacant	% Monthly Change	Direct	Sublease	Total	% Vacant	% Monthly Change
Midtown Office	9.08	2.32	11.39	6.80%	-2.85%	15.21	5.90	21.11	10.02%	-4.85%
Midtown South Office	0.79	0.06	0.84	7.40%	+1.66%	1.03	0.09	1.12	8.65%	+1.16%
Downtown Office	4.56	1.51	6.07	10.50%	-1.71%	7.31	2.37	9.68	13.61%	-1.89%
Total Office	14.43	3.88	18.31	7.70%	-2.27%	23.55	8.35	31.91	10.83%	-3.74%