Holliday talks shop on office rebound, Aqueduct

New York /
Dec.December 07, 2009 01:08 PM

Marc Holliday, the CEO of real estate investment trust SL Green, which, with 23 million square feet under its belt, is one of the largest commercial office building landlords in Manhattan, sat down with the New York Times to discuss his predictions for the Manhattan office sector and his group’s bid for the aqueduct race track project. Holliday said that SL Green hasn’t seen its occupancy levels drop much from the company’s 2005-2006 peak, and that many of its tenants are beginning to rebound. “We’re starting to see signs of improvement in our tenants’ businesses: they’re beginning to hire again; they’re making more money; they seem to be more optimistic,” Holliday said. As for the long-awaited decision on the winning bidder for the Aqueduct race track project, Holliday isn’t holding his breath for an announcement any time soon. “The state has indicated that a selection will be made shortly, but I think the evidence is such that that’s been the case for many months now, so you really can’t point to [an announcement] date,” Holliday said.


Related Articles

arrow_forward_ios
The Daily News Building at 220 East 42nd Street and SL Green CEO Marc Holliday (Credit: Getty Images)
SL Green puts Daily News building up for sale
SL Green puts Daily News building up for sale
SL Green snags private-equity firm at One Vanderbilt
SL Green snags private-equity firm at One Vanderbilt
SL Green snags private-equity firm at One Vanderbilt
SL Green’s locks in big bank lease at Hudson Yards redevelopment site
SL Green’s locks in big bank lease at
Hudson Yards redevelopment site
SL Green’s locks in big bank lease at
Hudson Yards redevelopment site
ABS Partners Real Estate founder Earle Altman and 270 Madison Avenue (ABS Partners, LoopNet, iStock)
NY Public Library leases 41k sf for Midtown offices
NY Public Library leases 41k sf for Midtown offices
Legion Investment Group's Victor Sigoura and 26 East 84th Street (Getty Images, Google Maps, iStock)
Old-guard landlords cash out in Manhattan, Bronx multifamily deals
Old-guard landlords cash out in Manhattan, Bronx multifamily deals
Ben Shaoul and 1457 North Main Street (Getty, LoopNet)
Ben Shaoul plans 376-unit complex near L.A.’s Chinatown
Ben Shaoul plans 376-unit complex near L.A.’s Chinatown
CHIP executive director Jay Martin (LinkedIn, iStock / Photo illustration by Priyanka Modi)
Landlords called it: Vacancy rate jumps, rent-stabilization stays
Landlords called it: Vacancy rate jumps, rent-stabilization stays
331 Elmora Avenue and 103 Ryan Street (Kislak Realty)
Tri-state deal roundup: Multifamily, industrial still hot
Tri-state deal roundup: Multifamily, industrial still hot
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...