Articles of the week ending April 24th
Apollo Global Management Platform Company Inks 50K-SF Lease at 590 Madison Avenue
By Amanda Schiavo, Commercial Observer
Apollo Global Management is consolidating its New York City offices by leasing nearly 50000 square feet at 590 Madison Avenue expanding its footprint within the RXR owned tower
Law Firm McDermott Will & Schulte Negotiating 150K SF at BXP’s 343 Madison Avenue
By Lois Weiss, Commercial Observer
McDermott Will & Schulte is negotiating to lease about 150000 square feet at 343 Madison Avenue becoming a major tenant in BXP upcoming Midtown skyscraper
Moinian Group to Convert Office Portion of 17 Battery Place Into Residential Units
By Amanda Schiavo, Commercial Observer
Moinian Group will convert about 150000 square feet of office space at 17 Battery Place into 220 residential units to help expand housing in Lower Manhattan
New York office building secures $108 million loan for partial conversion project
By Andria Cheng, CoStar News
CSC Real Estate secured a 108 million loan to convert most of 770 Second Avenue into 140 apartments while retaining some office space
New York film industry shows resilience amid broader setbacks
By Julianne Cuba, Crain’s New York Business
New York’s film industry remains relatively resilient due to strong tax incentives and ongoing studio development, even as global competition, industry shifts to streaming, and isolated financial struggles challenge the broader U.S. production landscape.