Morrison & Foerster, the San Francisco-based law firm with the off-kilter nickname, has signed a letter of intent for 200,000 square feet at 250 West 55th Street, the office tower started by Mort Zuckerman’s Boston Properties but later capped at its foundation after previous anchor-tenant deals fell apart amid a chilly construction-financing market.
The move makes sense Read More
According to CB Richard Ellis, New York is projected to have the country’s second highest office rent growth in 2011, behind San Francisco.
CBRE noted that office rents were expected to grow for the first time in three years nationwide, though only modestly and that growth would be “limited to key markets,” before a more Read More
When Bloomberg sailed into Wells Fargo’s chosen space at 120 Park Avenue, industry insiders were shaken by the switch. Now Crain’s reports that even Wells Fargo thought they had the space nailed:
“A few weeks ago, [senior vice president John] Saclarides got a call from the landlord telling him that the bank was being bumped Read More
Not only did we just fall behind D.C. in commercial real estate pricing recovery, but now we’re behind Rio as the second most expensive office market in the Americas.
An annual report, released by Cushman & Wakefield today, revealed that while South America, and Brazil in general, has skyrocketing office occupancy costs (rent, Read More
The ranking of the five most expensive markets for office space—London, Hong Kong, Tokyo, Mumbai and Moscow—remained unchanged over the last year, according to CB Richard Ellis’ semi-annual survey. Office occupancy costs are down 1.3 percent year-over-year in the 175 biggest markets.
The most expensive office market in the world remain’s London’s West End, where Read More