Office landlords and leasing agents breathed a sigh of relief this month when Facebook inked a massive lease deal at Manhattan’s landmark Farley Post Office building. The deal with Vornado Realty Trust for 730,000 square feet at the $1 billion-plus redevelopment — which includes new commercial space and the expansion of Penn Station — marks the biggest office lease since the pandemic turned the market into a virtual ghost town… [more]
The Littmus test: Veteran activist investor on his office shorting strategy
The morning of July 20 was dry and sunny, perfect for taking in the grand metropolis of New York...
