Daily business news in the Great State of New York!
Manhattan office buildings continue to remain nowhere near capacity and will likely stay that way according to a new study. The Partnership for New York City surveyed major employers between January 10 and January 18, 2022, to gauge the impact of the omicron variant on the pace of return to office among New York City […]
NEW YORK — Financial data and media firm Bloomberg LP has signed a 191,207 square foot expansion lease at 919 Third Avenue (Photo above) covering the entire 28th through 33rd floors. This expansion increases Bloomberg’s commitment at 919 Third Avenue to 748,415 square feet. 919 Third Avenue is owned by developer SL Green. Designed by […]
NEW YORK — Empire State Realty Trust announced that Davidson, Dawson, & Clark, LLP, a Trusts and Estates law firm in New York City, has renewed their lease at One Grand Central Place. The lease for the 12,715-square-foot unit has been extended for 11 years. “Our valuable relationship with ESRT was one component in our […]
NEW YORK — SL Green Realty Corp. announced that enterprise automation software company, UiPath has signed a 15-year, 26,363-square-foot lease at One Vanderbilt Avenue covering the entire 60th floor. The One Vanderbilt tower opened last year next to Grand Central Terminal and is over 91% leased. “We’re delighted to welcome UiPath to One Vanderbilt Avenue,” […]
NEW YORK — SL Green Realty Corp. announced that IBM’s new spinoff company — with the bizarre name Kyndryl — has signed a 22,531-square-foot, 9-year lease, covering a portion of the 15th floor at One Vanderbilt Avenue for its new global headquarters. One Vanderbilt, the recently opened skyscraper across from Grand Central Terminal at 42nd Street […]
NEW YORK — Empire State Realty Trust, Inc. announced that Zentalis Pharmaceuticals, Inc. a clinical-stage biopharmaceutical company focused on the discovery and development of small molecule therapeutics that target fundamental biological pathways of cancers, has signed a new lease with ESRT for a 31,362 square foot office space at 1359 Broadway in Manhattan. “At Zentalis, […]
NEW YORK — Burlington Stores has signed a new long-term office lease that doubles the company’s space at 1400 Broadway in Manhattan from 35,182 to 68,307 square feet. The building is owned by Empire State Realty Trust, Inc. Burlington Stores is a national off-price retailer with 761 stores in 45 states. “We value our long-standing […]
NEW YORK — SL Green Realty Corp., as leasing agent for 245 Park Avenue, on behalf of HNA Group North America (HNANA), the building’s owner, announced three recently signed leases covering 224,408 square feet. Leases include: Ares Management Corporation, a global hedge fund, signed a five-year lease renewal and expansion, covering 38,564 square feet on […]
Liquor company Beam Suntory announced that it will move its global headquarters from Chicago to New York City in mid-2022. The company, whose brands include Jim Beam, Courvoisier and Maker’s Mark, will relocate most Executive Leadership Team positions, its global Brand House organization, and select global corporate function roles to an office at 11 Madison […]
NEW YORK — Empire State Realty Trust (ESRT) announced that Swedbank, a Stockholm, Sweden- based banking group, has signed a 7,905 sq ft. lease on the 45th floor at the Empire State Building. ESRT owns and manages the Empire State Building, one of NY’s best known buildings located at 34th Street and Fifth Avenue in Manhattan. “We […]
NEW YORK — Developer SL Green Realty Corp announced that together with its partners, it has entered into a contract to sell 410 Tenth Avenue on the West Side of Manhattan for $952.5 million. The 636,000-square-foot office building is being redeveloped and is anchored by Amazon and First Republic Bank as tenants,. SL Green currently […]
Amazon, one of the world’s top Internet companies, announced plans to create 2,000 jobs at the Lord & Taylor building on Fifth Avenue. Amazon acquired the building this year from WeWork, which was the former flagship store of the Lord & Taylor department store chain. The company plans to open a new 630,000 square foot […]
NEW YORK — Vornado Realty Trust announced that Facebook has leased 730,000 square feet comprising all of the office space at The Farley Building across from Penn Station. Facebook Inc. operates popular social networks Facebook, Instagram and messaging service WhatsApp. The Farley Building is a cornerstone of Vornado’s new PENN DISTRICT, where Vornado owns 10 […]
NEW YORK — The insurance company American International Group (AIG) announced plans to relocate its headquarters in New York City from 175 Water St. in lower Manhattan to 1271 Avenue of the Americas (photo above) in Midtown, where it will occupy 8 floors and 325,000 square feet. The Company will also consolidate its remaining New […]
NEW YORK– Empire State Realty Trust, Inc. (ESRT) announced that Concord Music Group, Inc. — a leader in the development, management, and acquisition of sound recordings, music publishing, and theatrical performance rights — has signed a long-term lease for 46,329 square feet of office space at its building on 250 West 57th Street in midtown […]