SL Green Selling 625 Madison For $630M, Signs Big Leases On Park Avenue
Manhattan's largest office landlord is finishing the year with a flurry of activity.
Manhattan's largest office landlord is finishing the year with a flurry of activity.
Spotify vacated the space in the spring before announcing a large round of layoffs.
Office vacancies are layered with longer-term challenges like affordability.
It's the second building owned by the Brookfield fund to be placed in receivership.
The largest is a 14-year deal with global asset manager Marshall Wace, which is taking 79K SF.
Product Insight Inc. signed a 21K SF lease at Piedmont Office Realty Trust's Tech Central campus in Boxborough.
During the first quarter of 2023, Vornado leaders said the firm completed 22 leases totaling 777K SF.
Pacific Oak said in an SEC filing it expects to collect $28M in annual rent from a city agency.
Despite positive indicators, the company is cautious about predictions for the rest of the year.
A White House memo to Cabinet members Friday called for agencies to bring employees back to the office more days a week starting this fall.
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