Northeast
Manhattan’s Worldwide Plaza Scores 900,000-SF Office Lease
Just one month after mega-publisher Condé Nast pre-leased 1 million square feet at the new World Trade Center development, financial services company Nomura Holding America Inc. has signed a deal for 900,000 square feet of office space at Worldwide Plaza. The deal marks the largest new lease in midtown Manhattan since 2004.
Newmark Wins 1 MSF Office Assignment
Newmark Knight Frank has come out on top in a competitive bid to serve as exclusive office leasing agent for New Quincy Center, Street-Works Development L.L.C.’s $1 billion mixed-use project.
Despite Bumps, Downtown Manhattan Keeps Rising
Looking ahead to the 10th anniversary of the Sept. 11, 2001, terrorist attacks, a wide variety of experts took the occasion to cite both encouraging trends and unresolved challenges during a conference held near Ground Zero.
CBRE’s Rudin to Depart for Brookfield
Mitch Rudin, who has served as president & CEO of the New York tri-state region for the last seven years, will leave the world of commercial real estate services to take on the role of president & CEO of U.S. commercial operations at Brookfield Office Properties.
WTC’s 1 MSF Condé Nast Lease to Lead Downtown’s Return to Glory
New York City’s office market has been in the slow-but-sure post-recession rebound mode for the last several months but the long-awaited announcement has created such a buzz that industry experts believe it will kick the recovery of Manhattan, and downtown in particular, into high gear.
Conde Nast Takes 1 MSF at One World Trade Center
In a long-rumored lease deal, the publisher signed on the dotted line to relocate its headquarters to Lower Manhattan.
PNC Plans Green HQ in Pittsburgh
The firm has unveiled plans to build a skyscraper in downtown Pittsburgh to serve as its new headquarters, stressing the green aspects it plans to include in the building and going so far as to call it “the world’s greenest skyscraper.”
CW Hires New Execs to Expand CRE Debt Placement
CW Financial Services is doing its part in the financial services business’s improvement with the hiring of four industry veterans to broaden the company’s menu of financing services, especially its debt placements.
SL Green, Vornado Maintain Majority Stake in Recapitalization of 280 Park
Broadway Partners and Investcorp have announced a recapitalization and redevelopment of 280 Park Ave. in Manhattan that retains their majority stake while placing the total capitalization of the Class A asset at an estimated $1.4 billion.
Concord Associates Plans New JV for $600M Casino
The Concord Resort, which will sit on a 116-acre site in New York’s Catskills region, boasts a design by Marnell Architecture, whose parent entity, Marnell Cos., will be a partner with Concord in the development.