*** BXP putting 7 Times Square ground lease on the market BXP is pursuing a significant sale in Manhattan by putting the ground lease for 7 Times Square on the market, reportedly seeking between $700 million and $750 million for the 1.2 million-square-foot property. It remains unclear if this asking price refers to the entirety of the ground lease or just BXP's majority stake. Eastdil Secured's Will Silverman, handling the marketing, has not commented on the matter. In 2013,

*** Manhattan’s office rebound is fueling demand for high-end construction In recent years, discussions about the office market in New York have focused on the decline attributed to remote work, yet Manhattan's office sector has shown significant recovery. Manhattan office leasing reached about 42 million square feet in 2025, the highest since before the pandemic. The demand is expected to continue growing, with declining available office space — nearly 30% lower since the po

*** Anthropic leases entire Hudson Square building as AI fuels NYC real estate boom Anthropic, an AI company known for its chatbot Claude, has signed a lease for the entire Hudson Square office building at 330 Hudson St. The San Francisco-based firm plans to move in this summer and convert the 450,000-square-foot Class A building into its East Coast headquarters, expanding its New York staff from under 500 to more than 1,000 by the end of 2026. The building, owned by AEW, is

*** Best First Half For NYC Offices Since 2002 Puts Landlords Back In Control New York's office market experienced a historic leasing surge in spring, concluding Q2 with 11M SF leased, totaling 22.8M SF in the first half, marking the busiest pace since 2000. Law firms led this trend, exemplified by Simpson Thacher & Bartlett's large prelease agreement. AI firms notably contributed 800K SF in Q2, doubling their leases compared to all of 2025. The overall availability rate fe