News Corp. Splits, Real Estate Wonders in What Direction?
The recent announcement that News Corp. would split into separate publishing and entertainment entities has left some in the real estate business wondering if the company will flee its longtime home at...
View ArticleMidtown South Landlords Rule With Iron Fist Despite Spike in Availability
Despite a fair share of new product hitting the Midtown South market in January, landlords continued to call the shots, seeking ever-growing rents in the city’s epicenter for tech and creative...
View ArticleWeWork Leases 120,537 Square Feet at 222 Broadway, Builds Momentum of...
The collaborative workspace provider WeWork signed a 16-year, 120,537-square-foot lease at 222 Broadway, The Commercial Observer has learned. David Berkey and Andrew Wiener represented the building...
View ArticleDowntown Rising: Once Down, Leasing Up Again in Lower Manhattan Offices
After the storm, things are looking brighter for the lower Manhattan real estate market. Even with construction scaffolds clogging the district’s narrow streets in a reminder of Hurricane Sandy’s...
View ArticleWhich Way is Up: Manhattan’s Market Boundaries are Beginning to Blur
From the outside, 222 Broadway fits the stereotype of the Downtown financial office tower. But when Bank of America downsized, leaving roughly 250,000 square feet of space vacant, a series of tours...
View ArticleMidtown South Rents Fall for First Time in Two Years
After two years of consecutive increases, rents in Midtown South dropped during the first quarter of 2013, according to CompStak’s effective rent report for the Manhattan office market, provided...
View ArticleAd Agency Doubles Offices in Lower Manhattan Tower to 208K SF
Advertising agency Droga5 has signed a 12-year lease for an additional 111,000 square feet at 120 Wall Street, according to a news release by landlord Silverstein Properties. Droga5 will occupy a...
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