Gannett to move its NYC office two blocks north
Gannett has inked a sublease for the entire 23rd floor at Rudin Management’s 1675 Broadway. The owner of USA...
office market
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HSBC to shrink its office footprint amid shift to WFH
HSBC is banking on remote work — and is shedding office space. John Hinshaw, the group COO of Europe’s...
National
Columbia Property Trust’s rent collection stays steady in Q4
Columbia Property Trust reported a 5.9 percent decline in its normalized funds from operation during the fourth quarter, a...
Empire State Realty Trust reports 97.5% drop in Q4 earnings
Visitors have been slow to return to the Empire State Building’s observation deck after it reopened to the public...
National
Big companies delay returning to offices — again
What’s the point of setting a deadline you’ll know you’ll miss? That seems to be the prevailing attitude in...
Vornado, Trump Org lock in big renewals at SF office tower
Who said office is dead? Although the work-from-home shift is sure to endure in some capacity, two big tenants...
SL Green to sell its 25% stake in Tower 46 to Brookfield
SL Green Realty is unloading its stake in Midtown’s Tower 46. The real estate investment trust is in contract...
National
Colliers leasing drops 26% in Q4 but revenue stays steady
Real estate firm Colliers has taken a hit from the pandemic, but in its fourth quarter earnings call, executives...
The Yard expands into now-defunct Herald Square hotel
The Yard is opening a new location out of a now-defunct Midtown hotel. The flex-office provider told The Real...
National
NYC, Chicago top office development completions in 2020
UPDATED, Feb. 5 2021, 4:00 p.m.: The office market took a beating in 2020, with completed developments down 14...