Midtown South leads Manhattan’s office market recovery: report

Is Manhattan’s office market recovering? Depends where you look.

Its comeback in the months ahead will vary widely from one submarket to the next, according to an analysis by KPG Fund and Newmark.


KPG Funds Announces Funding for Climate Solutions Workshops in NYC Communities

KPG is Leading the Way in Sustainable and Environmental Stewardship by Continuing to Fund Climate Solutions Workshops and Initiatives for NYC community gardens, neighborhood, and the waterfront


Danish IT Company The Org Inks 7K Lease at 446 Broadway

Denmark-based information technology company The Org is tripling its Manhattan office footprint by moving just two blocks south to KPG Funds’ 446 Broadway, Commercial Observer has learned.


KPG signs long-term ground lease for 57K sf at 132 West 14th Street

A Salvation Army building in Greenwich Village will be redeveloped into contemporary offices by KPG Funds.


CoStar News: In New York’s Battered Office Market, KPG Bets on Boutique Conversions

At L’Atelier at 446 Broadway in New York’s SoHo neighborhood, prospective tenants can enter the five-story building with their smartphones once they're several feet from the door. Upon entering, the newly built elevator automatically opens to take them to the floors they set up via an app, with no need to touch a button.


KPG Announces the “Maskless Return to Work Experience” at 446 Broadway

Real estate investment firm KPG Funds today announced the launch of “Maskless Return” at 446 Broadway - L'Atelier, their newly renovated commercial office and boutique retail development in the heart of SOHO.


KPG Plans to Acquire Over $1B of NYC Office, Retail Real Estate

KPG, which specializes in value-add acquisitions and development, believes the New York market will recover.

New York office developer KPG Funds plans to acquire over $1 billion in New York City office and retail assets. KPG, which specializes in value-add acquisitions and development, believes the New York market will recover.

 

 


KPG Funds Buys Leased Tribeca Retail Condo for $12M

KPG Funds has closed on the purchase of a fully occupied, 3,086-square-foot retail condo in TriBeCa at 102 Chambers Street for $12 million, Commercial Observer has learned.

The ground-floor unit is leased to Spectrum, which is a wholly owned subsidiary of Charter Communications. The company recently signed a 10-year lease, with an option to renew.


One NYC Office Landlord Prepares to Support Tenants Amid Delinquent Rent Payments

NEW YORK CITY- Landlords are closely tracking their rent losses in the current volatile market environment. Many will have to endure “short term pain, for long term gain” to help tenants out financially — whether that means delayed rent, free rent or rental adjustments, Greg Kraut, CEO and co-founder of KPG Funds, tells GlobeSt.com.


Will the NYC Office Market come through this? KPG Funds is putting their money where their mouth is...

Manhattan office developer KPG Funds is trying to put its money where its mouth is. The owner and operator, formerly known as K Property Group, is raising a $200 million fund, according to paperwork filed March 31 with the Securities and Exchange Commission. The minimum investment for outside investors is $5 million.

KPG CEO Greg Kraut said the fund had been in the works before the pandemic but the firm decided to press on. “We’re New Yorkers through and through and we’ve all been through a lot,” he said, “and we just have a lot of confidence in New York coming out of this.”