Articles of the week ending January 30th
Brooklyn’s Office Market Is Mirroring Trends in Manhattan
By Mark Hallum, Commercial Observer
Brooklyn’s office market is rebounding by leasing smaller flexible spaces to tech and local tenants in newer Class A buildings, mirroring Manhattan trends but with more available inventory and a stronger focus on diversified small tenant demand.
Broad Street Developers planning FiDi office-to-resi conversion
By Julianne Cuba, Crain’s New York Business
Broad Street Developers plans to convert its 80 Broad Street Financial District headquarters from a Class B office tower into 326 apartments as part of the ongoing office to residential conversion trend in Lower Manhattan.
Billing Platform Candid Health Signs 29K-SF Lease at 675 Avenue of the Americas
By Mark Hallum, Commercial Observer
Candid Health signed a seven year nearly 29000 square foot lease at 675 Avenue of the Americas to stay in the Flatiron District and expand in a tech focused Silicon Alley office environment.
Bain Capital Provides $213M Refi for Midtown’s 1375 Broadway
By Brian Pascus, Commercial Observer
Bain Capital provided a 213 million dollar refinancing for the 520000 square foot office building at 1375 Broadway after recent renovations and its acquisition by American Exchange Group affiliates.