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Bank of America is not the first financial institution to ditch its downtown digs in favor of Uptown.
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Specific details around what the development will include remain unknown.
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The loan will refinance 12 distribution centers owned by Preylock, a landlord with one of the biggest industrial portfolios leased to the e-commerce giant.
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Fridays might not be remote work days anymore at some of the largest financial institutions in the world.
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A source tells Bisnow that Greenstone is simultaneously marketing the office space for lease as well.
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The biggest leases, sales and financing deals this week in New York City.
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The office landlord negotiated to extend the loan's maturity date to July 2025 with a six-month extension option.
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The CEO and founder of VC firm Nectar is all about finding opportunities in untapped markets and serving those areas.
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Chicago's Class-A office availability rate dropped 20 basis points quarter-over-quarter, the first decline in that stat since before the onset of the pandemic.
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