Daily business news in the Great State of New York!
NEW YORK – Empire State Realty Trust announced that business networking site LinkedIn has signed its eighth expansion lease at the Empire State Building, adding three and a half floors and 188,653 square feet to its current campus. Since 2011, LinkedIn has grown to 501,600 square feet in total at the Empire State Building. The […]
NEW YORK — Real estate developer Extell Company announced that the under construction Central Park Tower has topped out, which at 1,550 feet, will be the tallest residential building in the world when completed next year. Located on West 57th Street, along the corridor known as “Billionaire’s Row,” Central Park Tower is slated for completion […]
NEW YORK — GFP Real Estate says it has closed on the purchase this month of 675 Avenue of the Americas, located in the Flatiron District of Manhattan. The building is a 311,000 square-foot, mixed-use Class A office and retail property. It is home to WW’s (Weight Watchers) headquarters as well as Nielsen, Michael’s Stores, Trader […]
Related Companies is purchasing 1.5 million square feet of office space owned by WarnerMedia at 30 Hudson Yards for $2.2 billion. An affiliate of Related Companies, the developer of Hudson Yards, has entered into a contract to purchase WarnerMedia’s approximately 1.5 million square foot office. WarnerMedia is the former Time Warner before it was acquired […]
BROOKLYN — Real estate firm Extell Development Company announced that the company’s first Brooklyn project, Brooklyn Point, has reached a major construction milestone with its topping out. At 720 feet high, the 68-story luxury building has become the tallest in Brooklyn — eclipsing the Hub skyscraper at 610 feet — the previous tallest building in […]
Hudson Yards, a $25 billion development built above rail yards on the West Side of Manhattan, officially opened to the public Friday, marking a historic moment in the City of New York. (Photo Above: The first Neiman Marcus department store in NYC opens at the new Hudson Yards.) New Yorkers and visitors are now able […]
NEW YORK — Tishman Speyer President and CEO Rob Speyer announced the company has completed lease agreements with Macy’s, Inc. and NewYork-Presbyterian to fill all of the remaining space at The JACX, its 1.2 million-square-foot creative office development currently under construction in Long Island City, Queens. The two lease agreements, totaling 328,000 square feet combined, brings The JACX, which consists of two […]
NEW YORK – Hudson River Trading is moving from 4 World Trade Center to new space at 3 World Trade Center, which opened last June. Silverstein Properties Chairman Larry Silverstein announced HRT has signed a lease with Hudson River Trading (HRT) for 136,000 square feet of office space at 3 WTC. Founded in 2002, HRT […]
NEW YORK – Hudson Yards plans to unveil a lineup of boutique shops, dubbed the Floor of Discovery, on the second floor of The Shops & Restaurants at Hudson Yards in March. The Floor of Discovery will house a unique collection of first locations from online brands and experiential shopping offerings from modern brands. These store […]
NEW YORK — WeWork, the largest private office tenant in New York City, is changing its name to The We Company. The We Company encompasses three different business lines: WeWork, WeLive, and WeGrow. WeWork develops flexible office space in major cities; WeLive offers furnished, flexible apartments; and WeGrow offers education for students. The new We […]
Photo: WeWork is leasing 115,000 square feet of space at 149 Madison Ave. NEW YORK — Columbia Property Trust, Inc. has signed a 115,000-square-foot, long-term lease with WeWork, the world’s leading shared office space provider, for the entire office portion of 149 Madison Avenue, Columbia’s 12-story Midtown South building. WeWork has recently become the largest […]
NEW YORK – RIPCO Real Estate and Related Companies announced that Food Bazaar Supermarket signed an 80,000 square-foot lease at Bronx Terminal Market. Developed by Related Companies in 2009, Bronx Terminal Market is home to a variety of restaurant and retail tenants, and Food Bazaar – which will be the largest supermarket in the borough […]
Amazon, the nation’s leading online retailer, has leased 83,000 square feet of warehouse space in the Woodside neighborhood of Queens from Terreno Realty. The lease commences December 1, 2018 and expires February 28, 2029. Amazon is planning to build a new fulfillment center in Queens which will be the second in New York City. The […]
NEW YORK — Related Companies has announced the opening of ‘High Line Nine’, a new series of art gallery spaces in West Chelsea. Located beneath the High Line and adjacent to Zaha Hadid’s first residential development in New York City, 520 W. 28th Street, the ‘High Line Nine’ brings emerging A-list talent to New York […]
NEW YORK — Compass, a real estate technology company, has scored a $400 million Series F financing round led by the Softbank Vision Fund and Qatar Investment Authority (QIA), with participation from Wellington, IVP and Fidelity. This investment will bring the total capital raised to nearly $1.2 billion. Compass plans to use the capital to […]