Two mid-sized commercial office buildings in Midtown recently earned LEED-EB certification, pushing New York City’s total -EB count to 44 properties.
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Connecting with 100K: LinkedIn Continues to Expand at Empire State Building
By Stephen Del Percio on May 8, 2013 in Energy Star, Leases, LEED-EB, Manhattan, Midtown, New York City, Transactions
LinkedIn’s continued and increasing presence at the Empire State Building could have repercussions for technology and media industry tenants that are looking for space throughout the Midtown and Midtown South submarkets.
Midtown South Buzz: Tech Firm Doubles Space in Move to 200 Fifth Avenue
By Stephen Del Percio on May 3, 2013 in Flatiron, Intellectual Property & Technology, Leases, LEED-CS, Manhattan, Market Analysis, New York City, Silicon Alley, Transactions
BuzzFeed is doubling its office footprint in Midtown South by subleasing nearly 58,000 square feet from Tiffany at the LEED for Core and Shell Gold-certified 200 Fifth Avenue.
Transformative East River Waterfront Blueway Responds to Sandy, Design Challenges
Later this week, in an effort that could be transformative for the Lower East Side, full details on WXY’s East River Blueway waterfront improvement plan will be released.
In Hudson Yards, Major Tenants to Join Coach at LEED Platinum South Office Tower
By Stephen Del Percio on April 24, 2013 in Hudson Yards, Leases, LEED-CS, Manhattan, New York City, Transactions
Two new leases at Hudson Yards have boosted commitments at the project’s first planned office tower to nearly 80 percent.
375 Pearl Street Continues Transformation Into Intergate.Manhattan Data Center
By Stephen Del Percio on April 18, 2013 in Financial District, Intellectual Property & Technology, Manhattan, New York City, Software
It was once slated for a $350 million, LEED-rated makeover as an office building that was derided as “disturbing.” Now, the former Verizon Building at 375 Pearl Street is on its way to becoming Intergate.Manhattan: the world’s most complicated data center.
In the United Kingdom, Major Retailer Unveils “Transformative” Green Lease Policy
In a move that it describes as “transformative,” one of the UK’s largest retailers has announced a major initiative that will incorporate green lease obligations into all of its new and existing shopping center and retail park leases.
With REIT Conversion Still Pending, Shutterstock Makes Move to Empire State Building
By Stephen Del Percio on April 2, 2013 in Empire State Building, Leases, Litigation, Manhattan, Midtown, New York City, Transactions
As Malkin Holdings moves forward with its plan to convert ownership in the Empire State Building into a publicly traded REIT, the image licensing company Shutterstock has signed an 80,000-square-foot lease across two entire floors at the iconic tower.
Midtown Double: Office, Retail Leases Finalized at 11 Penn Plaza, 11 Times Square
By Stephen Del Percio on March 26, 2013 in 11 Times Square, Leases, LEED-EB, LEED-NC, Manhattan, Midtown, New York City, Times Square, Transactions
The number 11 office address has been kind to recent commercial leasing activity in Midtown, with major renewal and retail deals finalized at 11 Penn Plaza and 11 Times Square, respectively.
A New Generation: Pepsi’s First Manhattan Office Lease is at 350 Hudson Street
By Stephen Del Percio on March 21, 2013 in Hudson Square, Leases, Manhattan, Market Analysis, New York City, Transactions, Zoning
It’s a new generation – of both Pepsi drinkers and for the newly rezoned Hudson Square submarket, where PepsiCo’s first Manhattan offices will be located by the end of the year after the company’s recent lease at 350 Hudson Street.
