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.
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.
Recently completed Bank of America tower will have its official grand opening gala Thursday night. Read More
On Oct. 7, the City Council passed the first of two laws that would allow business improvement districts to take joint custody of properties that fall within the boundaries of more than one BID.
Together, the bills will end what has essentially been a three-year, amicable custody battle between the Times Square Alliance and the Read More
Settle down, everyone.
One Bryant Park’s $1.275 billion financing, as well as the marketing of the St. Regis New York retail condos and a 49 percent stake at 299 Park Avenue, do not mean, contrary to some cautiously ebullient speculation, that the New York commercial real estate market is turning.
It’s not Read More
Tenants beware! Time’s running out to lease space in the Bank of America tower at One Bryant Park, the Durst Organization’s shiny and wildly successful new tower on Sixth Avenue.
Apex Capital Management, a private investment firm, based in Hong Kong and New York, that is what real estate types would Read More
One Bryant Park, the Durst Organization’s sparkling new skyscraper on Sixth Avenue, has just leased 7,300 square feet to a tenant who is clearly what real estate types would call "price insensitive."
Apex Capital Management, a private investment firm based in Hong Kong and New York, agreed to pay more than $160 per square foot Read More
Al Gore’s Generation Investment Management has finalized its lease inside Douglas Durst’s One Bryant Park, the new office tower in Midtown that’s among the nation’s most environmentally friendly commercial buildings. (My colleague Eliot Brown broke the news of the pending lease in November.)
Generation, of which Mr. Gore is chairman, will relocate from Washington, Read More
My colleague Dana Rubinstein broke the news earlier this week that the new One Bryant Park unofficially opened on Monday. Over 300 Bank of America employees took to their desks in the 54-story, Durst-developed skyscraper in midtown.
Above is a photo of the lobby earlier today. Life! At last! Read More