Articles of the week ending April 12th
Commercial Real Estate, New York City, and General Articles that got my attention this week.
Vornado CEO Steven Roth says cost of luring office tenants is ‘a killer’
Vornado CEO Steven Roth highlights the substantial costs to attract office tenants in Manhattan.
U.S. Postal Service’s $2-per-square-foot lease may be Midtown’s best bargain
Highlighting The U.S. Postal Service’s exceptionally low lease rate of space at 909 Third Ave.
Trophy Office Development Yes or No
The office sector, particularly in prime locations is seeing strong demand for new trophy office developments despite construction costs and varying market conditions.
SL Green’s One Madison Lands Another Tenant
SL Green’s revamped 1 Madison Ave. tower now at 64% leased.
How a Penn Station dream slipped away for Vornado’s Steven Roth
Steven Roth’s ambitious plans for developing the Penn Station area, have faced setbacks over the years, with political, economic, and market challenges stalling progress.
Congress Presses FBI On Office Space Use As New HQ Plan Advances
Congress is scrutinizing the FBI’s office space use and plans for its headquarters relocation, with concerns about the agency’s footprint, lease agreements, and site selection process.
Full-Block Office Tower on New York’s Park Avenue Lands $911 Million Refinancing Loan
The first full-block office tower on New York’s Park Avenue corridor in 50 years, 425 Park Ave., secured a $911 million refinancing loan.