Leasing executives at the Durst Organization say that Bank of America’s decision late last week to reduce its office footprint in midtown won’t create a pocket of vacancy in the landlord’s office portfolio. Read More
Bank of America has renewed its lease at 114 West 47th Street for approximately 360,000 square feet of space—far less than it currently occupies in the building.
The bank had been in discussions to extend its occupancy at the building for months. On Monday, insiders with direct knowledge of the deal and a spokeswoman for the bank, confirmed that the contracted lease had been signed on Friday morning. Read More
Now that Conde Nast is headed south, the publishing giant’s landlord, Douglas Durst, reveals there is already active interest in Conde’s current digs in 4 Times Square.
“It’s a good building and a good space,” Mr. Durst, chairman of the Durst Organization, said Wednesday, following a lecture to an overflowing room with members of Columbia’s Real Estate Development Program. There Read More
