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The 10 Biggest Leases of 2013
For two years in row, 1 World Trade Center scored among the city’s largest transaction, starting with 2011’s Condé Nast showstopper and following with last year’s 270,000-square-foot UGS deal. But in...
View ArticleNorthPoint Digital Subleasing Space From Yahoo for New HQ
Digital content provider NorthPoint Digital is moving its headquarters to a full floor previously occupied by Yahoo at The Bertelsmann Building at 1540 Broadway in Times Square, a broker in the...
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Peter Von Der Ahe Explains Why It’s Better to Be ‘Hyper Specialized’
Let’s say you had to make a choice between knowing a sector of the real estate market—like retail or multifamily—or knowing a territory. Peter Von Der Ahe knows what he’d choose. The former wins, hands...
View ArticleVanguard Construction Inks 15K-SF Sublease at Empire State Building
Vanguard Construction & Development Co. has agreed to a 15,150-square-foot sublease with Yahoo for part of the internet giant’s space on the 55th floor of the Empire State Building, Commercial...
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Why Columbia Property Trust’s Nelson Mills Is Bullish on Midtown South
Nelson Mills, the president and chief executive officer of the Atlanta-based publicly traded real estate investment trust Columbia Property Trust, has the excitement of a first-timer when he talks...
View ArticleComplex Expands With a Move to Part of Yahoo’s Office in Times Square
Complex Networks, the umbrella company that includes Complex and its sub-brands like First We Feast and Pigeons and Planes, is moving to the old New York Times Building. The hip-hop-influenced media...
View ArticleTwo Tenants Take Space on 50th Floor of Empire State Building
RaySearch and BTS USA have both signed leases with Empire State Realty Trust at the public company’s Empire State Building on the 50th floor, Commercial Observer has learned. The remaining 2,077 square...
View ArticleFacebook Grows Again at Vornado’s 770 Broadway [Updated]
Facebook has again increased its presence at 770 Broadway after taking an additional 78,000 square feet of space at the Noho office building, landlord Vornado Realty Trust announced on its fourth...
View ArticleJLL Office Leasing Broker Reid Longley Departs for Colliers
Reid Longley, a senior vice president and leasing broker at JLL, has departed the firm for a new position at brokerage Colliers International, Commercial Observer has learned. Longley has assumed the...
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Under Construction: Water’s Edge at Playa Vista
Construction has begun on the final office building at Water’s Edge, a 6.5-acre creative complex in Playa Vista aimed at attracting high-profile tenants, according to an official release from developer...
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Why Big Tech Is Making a Play for Playa Vista
When rumors appeared that Facebook was close to signing a deal to occupy 260,000 square feet at the Brickyard in Playa Vista, as The Real Deal reported last month, it was just the latest in the trend...
View ArticleSilicon Valley Office Complex, Home to Amazon, Lands $500M Refi
Deutsche Bank has led a $500 million CMBS refinancing on a portion of a giant office complex in Silicon Valley that recently signed Amazon as its exclusive tenant, according to rating agencies that...
View ArticleFacebook’s LA Presence Grows With 260,000-Square-Foot Playa Vista Lease
Confirming rumors first whispered over the summer, Facebook has finalized a lease for 260,000 square feet of office space in two buildings in Los Angeles’ Playa Vista neighborhood, becoming the latest...
View ArticleHulu Grows HQ With Boston Properties in LA: Sources
It’s yet another major strike for both streaming services and office space in Los Angeles, as well as for Boston Properties (BP), which is on a tear of its own. As Hulu continues to grow with the...
View ArticleOne-Fifth of LA’s Office Space Is Still Vacant
Office activity in Los Angeles stagnated through the first quarter of 2022, as nearly one-fifth of total inventory remained vacant, and rents were nearly unchanged compared to a year ago. That’s...
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