Articles of the week ending March 20th
No Vacancy Park Avenue Fills Up As Office Tenants Snag Every Square Foot
By Elizabeth Cryan, The Real Deal
Park Avenue’s office market is nearly full as financial firms rapidly lease limited space, driving vacancy to historic lows and pushing tenants to seek alternatives nearby.
Jeff Gural’s GFP Real Estate In Talks For Chrysler Building
By Rich Bockmann, The Real Deal
Jeff Gural’s GFP Real Estate is in advanced talks with Cooper Union to acquire the ground lease of the Chrysler Building, though rising ground rent remains a major hurdle.
Bank of America to Grow Footprint to 2.4M SF at One Bryant Park
By Mark Hallum, Commercial Observer
Bank of America is expanding to occupy nearly all of One Bryant Park with about 2.4 million square feet under a long term lease, solidifying its dominant presence in the building.