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“#NYC won’t ‘be back’ until empty office towers refill with workers” “New York City Is Back,” proclaims City Hall and even the doom-peddling New York Times. A renaissance may appear to be afoot, thanks to the vaccines’ blessed success in clobbering COVID-19. But the Big Apple won’t truly be back until employees return to their…
“#Are empty desks and Purell enough to return to the office?” With vaccination ramping up, companies are planning reopening dates. But don’t expect to be gathering around ye olde water cooler anytime soon. While you’ve likely already heard of back-to-work trends like flexible days, hot-desking (multiple workers using a single workspace at different times) and…
“#3 Times Square set to undergo $25 million revamp” Three Times Square, one of the office-tower quartet that brought commercial rebirth to the Crossroads of the World, opened 20 years ago sporting a handsome design by Fox & Fowle. Now the 30-story tower’s principal owner, the Rudin family, has tapped the same architects, today known…
“#Google likely to let some staff return to offices this month” Google is looking to partially reopen some of its US offices in the coming weeks as the tech titan’s work-from-home era comes to an end. Employees will likely start going back to certain Google offices on a voluntary basis over the next month, though…
“#Google to invest $7B in buildings, add 10,000 jobs this year” Google plans to spend more than $7 billion this year expanding its offices and data centers — including its massive New York City campus, the tech titan announced Thursday. The investment in Google’s facilities will come alongside a hiring spree that will see the…
“#JPMorgan looks to sublet NYC office space: report” JPMorgan Chase is looking to sublet big blocks of office space in Manhattan, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. The bank is looking to sublet just under 700,000 square feet at 4 New York Plaza in the Financial District and more…
“#One Willoughby Square architect is tenant of Brooklyn tower” Architects routinely help developers promote new buildings they designed. But in one notable case, the architects loved their work so much that they decided to move into the striking new tower themselves. FXCollaborative, previously known as FXFowle, is the anchor tenant at JEMB Realty’s nearly-finished One…
“#New York City real-estate market shows signs of hope” New York City’s pandemic-battered property world resembles a nerve-wracking “seesaw” of “flights and drops,” as Henry James wrote of his neurotic protagonist’s mood in “The Turn of the Screw.” With any luck, Gotham will come through in better shape than James’ tragic heroine. On the dark…
“#Manhattan’s ‘trophy’ office buildings begging for tenants” The dreaded “G-word” — as in glut — overhangs nearly 8 million square feet of space up for grabs in “trophy” office buildings that just opened or are set to open by the end of 2022. The tally we did with help from CBRE means nearly three Empire…
“#660 Fifth Ave. sheds Satanic address, to reopen in 2022” The office tower formerly known as 666 Fifth Ave. is putting Satan — and decades of ruinous mismanagement — behind it. Having shed the devilish address for unthreatening 660 Fifth, Brookfield Properties’ 1.5 million square-foot tower between East 52nd and 53rd streets is on track…