Google’s $2B deal spurs optimism for NYC’s pandemic-battered office market
While billion-dollar bets by trillion-dollar companies may not be the most accurate representation of broader market conditions, Google’s decision...
office market
The Latest
Google says it won’t claim NYC tax breaks
In what’s perhaps a lesson from Amazon’s headquarters fiasco in Long Island City, Google indicated it will not seek...
Google shatters pandemic record in $2.1B office purchase
Google announced Tuesday it was expanding its office inventory in the city with the purchase of 550 Washington Street...
Tri-State
Westchester office park owned by George Comfort & Sons slated for auction
UPDATED Sept. 20, 2021, 3:30 p.m.: A George Comfort & Sons office campus in Westchester County is on the...
IWG to open 58K sf co-working site on Park Ave
IWG is doubling — no, tripling — down on its wager that flexible offices have a solid future in...
National Issue
Flight to quality in office real estate leaves trophy buildings the only winners
Seventeen months into the pandemic, Black Rock — the famed Eero Saarinen-designed skyscraper whose hulking presence has loomed over...
Pandemic pricing arrives to middle of i-sales market
The effects of the pandemic on real estate were apparent last week in New York City’s mid-level investment-sales market...
National Weekend Edition
US office investment market remains well below 2019 levels
The U.S. office investment market has yet to recover from the pandemic, as sales volume remains well below 2019...
National
Microsoft, AmEx push back office returns
Two more major companies are delaying returns to the office amid the surging delta variant, the latest blow to the office market. Microsoft planned to fully reopen its offices on Oct. 4, but has...
Facebook still looking for space in NYC
Commercial brokers in New York City, get those friend requests out to Facebook’s real estate division. Mark Zuckerberg’s company already has several office locations in Manhattan. But Bloomberg reports that the company is looking...