Articles of the week ending November 18th
Fintech Firm Robinhood, Dick’s Sporting Goods Each Take 125K SF at Penn 2 – Commercial Observer
By ISABELLE DURSO, Commercial Observer
Robinhood and Dick’s Sporting Goods each signed 125000 square foot office leases at Vornado’s Penn 2 tower marking major new deals that boost the building’s occupancy toward 80 percent.
News _ Commercial lending surges 36% as office, retail properties lead recovery
By Mark Heschmeyer, CoStar News
Commercial and multifamily mortgage lending surged 36 percent in the third quarter driven by strong growth in office and retail property financing signaling renewed confidence in the real estate market.
Construction Permits Filed For Vornado, Rudin’s 350 Park
By Lilah Burke, The Real Deal
Vornado Realty Trust and Rudin Management filed construction permits for a 62 story two million square foot office tower at 350 Park Avenue with Citadel as a partner and major tenant occupying 850000 square feet.
News _ AI lending firm Upstart to open New York office in renovated Midtown South tower
By Andria Cheng, CoStar News
Upstart is opening a 15,356-square-foot New York office on the 33rd floor of Nomad Tower, reflecting strong AI-driven tech leasing demand in Midtown South.
News _ These two Manhattan office buildings are set to bear the brunt of Amazon’s New York layoffs
By Andria Cheng, CoStar News
Amazon plans to lay off 660 employees in New York in January, affecting multiple Manhattan offices including 424 Fifth Ave. and 5 Manhattan West, as part of 14,000 global corporate job cuts.