Articles of the week ending June 19th
American Express to break ground on tower next month at Two World Trade Center
By Steve Cuozzo, NEWYORK POST
American Express will break ground on its new tower at Two World Trade Center on July 9, marking a major milestone in the long effort to complete the redevelopment of the World Trade Center site after the September 11 attacks.
Knicks defeat Spurs to win first NBA championship in decades
By Eddie Small, Crain’s New York Business
The New York Knicks won their first NBA championship since 1973, defeating the San Antonio Spurs in five games behind Finals MVP Jalen Brunson and prompting citywide celebrations and a championship parade announcement.
Law firm McDermott adds to momentum at BXP office project in New York
By Andria Cheng, CoStar News
McDermott Will & Schulte signed a 150,000 square foot lease at 343 Madison Avenue, bringing the tower to 56% preleased more than three years before completion and highlighting continued strong demand from law firms for premium office space in Manhattan.
Vornado’s revamped Penn 2 reaches 90% leased with pair of full-floor deals
By Andria Cheng, CoStar News
Vornado Realty Trust’s redeveloped Penn 2 office tower has reached 90% occupancy after signing full floor leases with Veeva and Altana, reflecting strong demand for premium office space in the Penn District.