Articles of the week ending March 27th
The Plan Quiet on Set at Pier 94 Studios Near Hudson River Park
By Amanda Schiavo, Commercial Observer
The opening of Sunset Pier 94 Studios marks a major public-private effort to expand New York City’s film production capacity with a state-of-the-art, purpose-built studio that also delivers community amenities and economic growth.
US office leasing sees shift toward move-in-ready suites
By Connor Devereux, Phil Mobley, CoStar
U.S. office landlords are increasingly using move in ready spec suites to attract smaller tenants, resulting in faster leasing times and a sustained shift toward flexible turnkey office spaces.
SL Green’s trophy One Madison redevelopment lands $1.65 billion refinancing
By Andria Cheng, CoStar News
SL Green Realty Corp. secured a $1.65 billion refinancing for One Madison, highlighting strong investor demand for fully leased high quality office properties despite broader market risks.
Kaufman Investments, Two Sigma Real Estate Snap Up Boutique Office Building for $52M
By Cathy Cunningham, Commercial Observer
Kaufman Investments and Two Sigma Real Estate acquired a boutique office building at 40 West 25th Street for $52 million, reflecting continued investor interest in Midtown South office assets despite prior valuation declines.