From The Real Deal: "Less than two months after HSBC backed out of a massive lease agreement at 7 World Trade Center, Silverstein Properties has reached a tentative agreement on a new lease with German lender WestLB, sources familiar with the discussions said. WestLB, a leading German financial institution, has agreed to relocate to Read More
Tucked into Charles Bagli’s gong-rattling New York Times pronouncement on the end of the local real estate boom were three gems to illustrate the point.
HSBC pulled out of a major lease at Larry Silverstein’s downtown gem:
Last Friday, HSBC, the big Hong Kong-based bank, quietly Read More
The gaudy peacock, the male of the peafowl species, frequently attracts and then mates with a seraglio of adoring peahens.
Similarly, NBC Universal, media giant of the peacock logo, has attracted a harem of brokers, all hoping to score the big deal that will garner the conglomerate more than 600,000 square feet in Manhattan, Read More
HSBC employees should soon, from their aerie atop 7 World Trade Center, be able to peer down at the morass of construction at the city-and-state controlled ground zero below.
The massive bank is poised to become landlord Larry Silverstein’s newest tenant at 7 World Trade. Now that HSBC has a lease pending on the Read More
HSBC Bank is poised to become Larry Silverstein’s newest tenant at 7 World Trade Center, with a lease pending on the last big block of space in the 52-story, 741-foot, two-year-old skyscraper on the edge of Ground Zero.
The banking giant has a lease out on 280,000 square feet of space comprising the top Read More
The number of firms looking for at least 150,000 square feet in Manhattan, and the number of buildings that can accommodate them, could more or less now each be counted on one hand. Some contend that the number continues to shrink as the economy worsens. Other’s say there’s always a small universe of big players. Read More
NBC visited 7 World Trade Center on June 2, the most recent of more than one visit to Larry Silverstein’s gleaming downtown tower, whose top 10 floors are still available for lease. Sources say NBC was considering housing its new business operations center there.
“NBC has been back to 7 World Trade Center a number Read More
“Wow, look at the mist,” murmured Sarah Craig, a Vassar College freshman, as she and 60 other students walked onto the 52nd floor of Seven World Trade Center, developer Larry Silverstein’s glamorous office skyscraper that, this rainy afternoon, pierced the clouds.
Thanks to the top 10 floors still being up for lease, the penthouse Read More
