Well, Steve Kuzzo is the great New York Post columnist, expert on real estate, on restaurants, on what's going on in New York.

You can read all of his columns at the New York Post.

Steve Kuzzo, how you doing?

Thanks.

Hey, this news report that in August, commercial real estate was way up in August.

What is that all about?

You know, with commercial real estate, you can do sort of monthly snapshots that you can interpret a lot of different ways.

But, yeah, there was good news in August in there were uh... a couple of really big leases that got

signed and so that had the effect

of uh... combined over a million square feet so all by themselves they have

the effect of reducing the vacancy rate the availability rate

and and increasing you know, the volume of new

leasing.

And so the picture is really pretty good.

And that's what I wrote, I guess, on Monday.

But since then, there was another development, which I wrote about the day before yesterday,

I think, which is that Memorial Sloan Kettering Cancer Center has purchased, not leased, but purchased more than half of the lipstick building, the famous building on 3rd Avenue that looks like lipstick.

And by doing that, although it isn't a lease, it has the same effect.

That is to say, it gobbles up, it absorbs almost another half million square feet of Manhattan office space.

Now, Manhattan has almost a half billion square feet of office space.

But, you know, that's a big chunk.

All the vital signs right now are ridiculously good,

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