Increased climate change concerns in the industry have stakeholders considering the lifespan of buildings more closely to make sure they’re flexible for many uses and serve the lifespan intended for its use to cut down on carbon emissions and waste that arises from the construction process.
Jones Lang LaSalle has launched marketing efforts for 537 West 59th St. on the Upper Westside in Manhattan.
RXR Realty, a New York tri-state real estate owner and operator, has leased up 73,000 square feet at 230 Park Ave. in Midtown Manhattan.
The 591,577-square-foot Canal Center office building is fully occupied by Northern Trust Co., whose lease term runs through August of this year.
Other positive metrics for the firm were net signed contract units were 1,806, up 31%; the contract value was $1.49 billion, up 28% and backlog units at the end of the first-quarter 2020 were 6,461, up 9%.
Fred Alger Management, an investment management firm with more than $30 billion assets under management, has returned to Downtown Manhattan on a 50K SF lease after 20 years since losing staff at the World Trade Center during the 9/11 attacks.
As investors look to fully capitalize on the tax incentives afforded to projects in Opportunity Zones, layering on top other subsidies offered through programs like the New Markets Tax Credit Program has become popular.
Flexible workplace provider Convene has partnered with work experience platform provider Lane to launch a strategic partnership. Convene will become an investor in Lane to further and Lane will promote Convene as its partner of choice for flexible workplaces.
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