The Real Deal New York

Lies in size: Commercial landlords get boost from increasing ‘loss factor’ and charging for unusable common spaces

February 11, 2014 10:30AM
By Hiten Samtani

042-043 loss factor se FINAL.indd

From the February issue: The Chetrit Group sold 123 William Street to East End Capital and GreenOak Real Estate for $133 million in October. In January, the new owners signed the Institute for Career Development, a workforce training company, to a 26,558-square-foot lease for the 27-story office building’s entire fifth floor, CompStak’s database shows. Asking rent for the space was $37 per square foot. [more]

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