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Posts Tagged ‘microsoft’

  • From left: 677 Fifth Avenue and Microsoft CEO Satya Nadella

    From left: 677 Fifth Avenue and Microsoft CEO Satya Nadella

    Microsoft could soon be throwing down the gauntlet on the nation’s priciest strip for retail rent.

    The software and tech titan is in talks to occupy the 8,700-square-foot, two-floor space at 677 Fifth Avenue at 53rd Street, sources told the New York Daily News. If the deal goes through, Microsoft would set up shop just down the street from rival Apple’s flagship store. [more]

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  • From left: Activity based working space at the GLG offices and the Microsoft offices

    From left: GLG offices at 60 East 42nd Street and the Microsoft offices at 11 Times Square

    The days of being chained to a desk may well be a thing of the past in New York City.  [more]

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  • From left: Steve Pozycki and 11 Times Square

    Microsoft will pay rent in the low $60s per square foot to lease its 200,000-square-foot office space at 11 Times Square—a good deal compared to the roughly $75-per-square-foot that comparable properties are commanding, the Wall Street Journal reported. The deal is the result of the building’s developer — a joint venture between Steven Pozycki, the CEO of SJP Properties, and Prudential Financial — wanting to secure a major tenant inside the 1.1 million-square-foot building. [more]

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  • 11 Times Square

    Long and drawn out negotiations have finally secured Microsoft a 230,000-square-foot lease and a new Midtown headquarters at 11 Times Square, the New York Observer reported. After being booted for Boston Properties’ under-construction 250 West 55th Street, Microsoft had been shopping for a new home, looking at 1290 Sixth Avenue and 641 Sixth Avenue. The office building at 11 Times Square , also known as Times Square Plaza, is a 40-story, 600-foot tower, that was built by a fund run by Prudential Financial and New Jersey-based developer SJP Properties for $950 million. The Microsoft lease is a huge success for the building, since it had struggled to secure tenants after the financial crises hit. … [more]

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  • From left: Bill Gates and 641 Sixth Avenue (credit: PropertyShark)

    Riding a trend that is propelling the Midtown South office-leasing market, Microsoft is in talks to lease a 22,000-square-foot space at 641 Sixth Avenue, the New York Observer reported. The deal would be for the entire 7th floor of the SL Green building.

    It’s not clear how Microsoft would use the space. The company already has its New York headquarters at 1290 Sixth Avenue; the company occupies some 250,000 square feet there. [more]

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  • From left: Microsoft Chairman Bill Gates, Boston Properties Chairman Mort Zuckerman, SJP Properties CEO Steven Pozycki and a rendering of 250 West 55th Street

    Having been bumped from Boston Properties’ under-construction 250 West 55th Street, Microsoft now has the option of renewing its deal at the Vornado-owned, 2.1-million-square-foot 1290 Avenue of the Americas or relocating to 11 Times Square, the New York Observer reported.

    The reason for being bumped from 250 West 55th Street? Law firm Kaye Scholer signed a letter of intent to take 260,000 square feet in the tower, as previously reported. This and another deal with the law firm Morrison Foerster on the tower’s lower floors leaves Microsoft with the top floors, which are too pricey. [more]

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  • Offices along Sixth Avenue

    Large companies seeking space along Sixth Avenue, the city’s first address for Fortune 500 companies, are awash with options, the New York Observer noted. One broker said there’s so much unoccupied square-footage that a prospective tenant had to take three separate tours to see all the available space that met their needs. [more]

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  • Boston Properties Chairman Mort Zuckerman and 250 West 55th Street

    Midtown’s first new office building in three years topped off last week and is coming closer to signing a second major tenant, the Wall Street Journal reported. Boston Properties’ forthcoming 1.1 million-square-foot tower, slated to open in 2014 at 250 West 55th Street, is being eyed by technology giant Microsoft and law firms Chadbourne & Parke, which nearly signed for space at 1 World Trade Center, and Kaye Scholer. [more]

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  • From left: Silverstein Properties President Larry Silverstein and Jones Lang LaSalle Tri-State President Peter Riguardi

    The slow pace of Manhattan leasing is “shocking,” Jones Lang LaSalle Tri-State President Peter Riguardi told the New York Post, as leasing activity through February was down 40 percent from the same two months in 2011.

    Commercial landlords and real estate brokers alike are becoming frustrated with the lack of activity and the negative absorption since the final three months of 2011, the Post said. [more]

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    Bill Gates and 13808 Fairlane Court in Wellington, Fla.
    From the South Florida website: Microsoft’s Bill Gates, the wealthiest person in America, will pay $600,000 to rent a house in Wellington this year, according to a report by Gossip Extra. The rental is for a six-month period from December to May, sources said. The house, which is located at 13808 Fairlane Court, has five acres and is within walking distance of the Palm Beach International Equestrian Center, a winter polo haven. The
    7,352-square-foot home is listed for sale at $12.9 million. [Gossip
    Extra via Sun Sentinel]
    [more]

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