Daily business news in New York
NEW YORK — SL Green Realty Corp., together with an institutional investor advised by J.P. Morgan Global Alternatives, has completed the refinancing of 919 Third Avenue, a premier 1.5 million square foot Class A office building located in Midtown Manhattan. The new $500.0 million mortgage loan bears interest at a rate of 250 basis points […]
NEW YORK — Empire State Realty Trust announced it signed new leases for approximately 100,000 square feet at the Empire State Building (ESB) in late 2022 and early 2023. In January, a North American engineering firm leased 65,000 square feet for 16 years, and OFS Brands and Resolution Life, Inc. signed leases for a combined […]
NEW YORK — SL Green Realty, New York City’s largest office landlord, together with its joint venture partners including the National Pension Service of Korea and Hines, recently celebrated the topping out of its upcoming One Madison Avenue office tower, located at the corner of 23rd Street and Madison Avenue. With construction managed by AECOM […]
NEW YORK— Empire State Realty Trust, Inc. announced that Allied Universal has expanded and relocated from a 12,000 square foot space at ESRT’s One Grand Central Place to a 30,000 square foot space at 501 Seventh Avenue. Allied Universal is a leading provider of security services and solutions. Located adjacent to Penn District’s new developments with convenient access […]
NEW YORK — Empire State Realty Trust, Inc. announced that iCapital will increase its office space with ESRT for an additional two full floors which total 59,228 square feet in its fourth expansion at One Grand Central Place, for a total of 141,224 square feet across six full floors in a long term lease. iCapital is a leading global […]
Jewelry maker Pandora announced that the company will open an office in New York in September 2022 for its U.S. hub. Located in Manhattan, the new hub will deploy as a temporary space this fall, followed by a permanent space in the summer of 2023. The office will support approximately 150 full-time corporate employees. A […]
The Partnership for New York City has surveyed more than 160 major employers in NY between April 21 and May 4, 2022, to gauge the status of return to office among Manhattan’s one million office workers and the implications for the future of the Manhattan central business districts. As of mid-April 2022, 38% of Manhattan […]
NEW YORK — HSBC Bank announced that the bank will relocate its US headquarters to The Spiral, Tishman Speyer’s 65-story office tower that is nearing completion at 66 Hudson Boulevard in Midtown West neighborhood of Manhattan. HSBC will move to 265,000 square feet in the new tower. HSBC will occupy three of The Spiral’s podium […]
NEW YORK – Empire State Realty Trust, Inc. announced that Signature Bank, a New York-based full-service commercial bank, has expanded its footprint at 1400 Broadway for the third time. Signature has taken another full, 32,927 square feet for a total of 313,109 square feet. In January 2022, ESRT announced that Signature expanded by 168,310 square feet to over 280,000 […]
The Durst Organization announced that American Equity Investment Life has signed a 10-year lease for 17,246 square feet on the 35th floor of its office building at 1155 Avenue of the Americas. The life insurance company, which specializes in the sale of fixed index and fixed rate annuities, is headquartered in West Des Moines, IA, […]