Articles of the week ending August 14th
Ari Emanuel Invests In Broadway’s Next Act With $6B Theater Buy
By Sasha Jones, Bisnow
Ari Emanuel’s Mari plans to acquire ATG Entertainment for an estimated $6B, expanding his presence in Broadway and global live entertainment.
Comcast Advertising Signs 140K-SF Lease at 1540 Broadway
By Mark Hallum, Commercial Observer
Comcast Advertising signed a 140,000 SF lease at 1540 Broadway, relocating from 55 West 46th Street as companies continue to favor high quality Midtown office space.
7 World Trade Center lands record rent with prebuilt office lease
By Andria Cheng, CoStar News
Dunn Isaacson Rhee leased 11,167 SF at 7 World Trade Center at the building’s highest rent ever, surpassing $100 per SF as demand for premium office space remains strong.
AI startup Hanover Park settles on first long-term New York office
By Andria Cheng, CoStar News
Hanover Park leased 19,269 SF at 387 Park Ave. S. for its first long term New York office, highlighting Midtown South’s growing appeal to AI companies.
OceanSound commits to Park Avenue offices
By Andria Cheng, CoStar News
OceanSound Partners signed a new five year lease for 32,032 SF at 450 Park Ave., expanding its footprint in one of Manhattan’s premier office corridors.
TikTok joins other tech giants in requiring more time in the office
By Katie Burke, CoStar News
TikTok will require employees across the U.S. to work in offices five days a week, reinforcing the broader shift among major tech companies toward stricter in office policies.