*** Real estate investors call Manhattan office sector an ‘earth-shattering’ opportunity Bargains in New York City real estate are rare, but significant opportunities exist in the stock market for prime Manhattan properties. Shares of major office tower owners, including SL Green and Vornado Realty Trust, have dramatically fallen—by nearly 50% and 35%, respectively—due to concerns over AI-induced job losses and reduced demand for office space. However, SL Green recently repor

*** Tech Talent Drives NYC Office Demand Tech talent remains strong in New York City, with job growth in finance and continued demand for office space. Tech talent drives NYC market. New York City maintains strong office momentum, attracting top-tier tech talent, particularly in finance and insurance sectors. The NYEDC indicates that January saw the addition of 10,600 private sector jobs, with securities positions reaching a historic high. This influx of tech talent boosts de

*** R XR sells Flatiron condo to union-linked group for $22.1M Building Service 32BJ Benefit Funds, linked to a major labor union, has purchased a commercial condominium unit at 620 Sixth Ave. in the Flatiron District for $22.1 million from RXR, as recorded in city registers. Peter Goldberger, the executive director, signed the transaction. This organization provides health benefits and services to its union members and their families. RXR’s vice chairman and chief legal offi

*** RXR files permits for 95-story tower next to Grand Central The plan to build a supertall tower next to Grand Central has progressed with the submission of initial permits. Todd Rechler of RXR has filed plans for a 95-story tower at 175 Park Ave, where RXR and TF Cornerstone have been working on the project for seven years. The permits were filed under Commodore Owner LLC, referencing the site's history as the old Hotel Commodore. In 2021, the City Council approved rezonin