Clik here to view.
Downtown Manhattan’s Office Market Struggles With Pandemic Fallout
Around the start of 2021, Cushman & Wakefield decided to consolidate its Downtown Manhattan and Brooklyn offices in one downtown location. As part of the transition, C&W told Commercial...
View ArticleFuture of 1 World Trade Center Up in the Air
As 1 World Trade Center approaches the 10-year anniversary of inking Condé Nast as its first major tenant, the publisher’s future at the landmark office tower is in limbo, highlighting challenges that...
View ArticleRestaurant Operator, Financial Company Take 13K SF at 48 Wall Street
A hospitality company and a financial firm have inked two leases totaling 13,000 square feet at 48 Wall Street, according to landlord broker Helmsley Spear. Merchants Hospitality signed a...
View ArticleSoftware Developer Hyperscience Moves, Expands in 1 World Trade Center
Automation software developer Hyperscience has leased the entire 88th floor at 1 World Trade Center, landlords The Durst Organization and Port Authority of New York and New Jersey announced today....
View ArticleSunday Summary: Channeling Our Inner-Inigo Montoya
Remember in the movie “The Princess Bride” when the evil Vizzini (Wallace Shawn) fails in his repeated attempts to kill the Man in Black, a.k.a., Dread Pirate Roberts, a.k.a., Westley (Cary Elwes) and...
View ArticleOne World Trade Center 95 Percent Leased With Latest Deal: Durst
Data processing firm Celonis extended its existing lease at 1 World Trade Center by signing for an additional 40,763 square feet on the 70th floor, The Durst Organization and The Port Authority of New...
View ArticleSunday Summary: Miami Turns Up the Heat
New Yorkers collectively had a feeling of WTF on Monday. We’re not talking about “The Slap” the previous evening at the Academy Awards. (Although, yeah, like everybody else we have been obsessively...
View ArticleLongtime Durst Spokesman Jordan Barowitz Leaving to Start Consultancy Firm
Jordan Barowitz, the longtime spokesperson for the Durst Organization, will leave the landlord this month to start his own consultancy firm. After 16 years overseeing Durst’s media relations, Barowitz...
View ArticleFashion Design Software Firm CLO Takes 17K SF at 1 World Trade Center
Fashion design software developer CLO Virtual Fashion stitched together a sublease with cryptocurrency company Tzero Group for its 17,238-square-foot offices at 1 World Trade Center, Commercial...
View ArticleSunday Summary: The 1 Million-Square-Foot-Plus Lease Is Back!!
Now, that’s more like it! Up until last week, we in the CRE media believed that the very biggest office lease of 2022 in all of Manhattan was a 456,518-square-foot move by KPMG to Brookfield’s new 2...
View ArticleBiopharma Firm Axsome Taking Over 48K SF of Condé Nast’s 1 WTC Space
Biopharmaceutical Axsome Therapeutics will more than double its New York City footprint and take over 48,000 square feet of Condé Nast’s space at 1 World Trade Center, Commercial Observer has learned....
View ArticleInternet Provider Pilot Fiber NY and 5 Others Sign Deals in 1 WTC
Internet service provider Pilot Fiber NY is expanding its footprint in 1 World Trade Center to 12,456 square feet on the 46th floor, according to the Durst Organization. And it isn’t the only company...
View ArticleSunday Summary: Construction Is King
Is it us, or have there been some real interesting (read: large) deals crossing the finish line of late? This seemed most blatantly apparent in Southern California last week. First up, in Santa Clarita...
View ArticleEnergy Capital Partners Expands to 26K SF at 1 World Trade Center
An energy investment firm is powering up to 26,292 square feet at 1 World Trade Center. Energy Capital Partners (ECP) signed an 11-year lease for 15,400 square feet to more than double its space in the...
View ArticleSunday Summary: The Bell Finally Tolls for WeWork
We can’t say that we were surprised, exactly. Those of us in the media who have followed WeWork over its highs and lows have known for months that the end was nigh. The end (or bankruptcy, to be more...
View Article
