Facebook’s 100,000-square-foot lease at Vornado’s LEED Silver 770 Broadway is the latest in a string of technology industry transactions, not all of which have closed in the ballyhooed Silicon Alley submarket.
LinkedIn’s continued and increasing presence at the Empire State Building could have repercussions for technology and media industry tenants that are looking for space throughout the Midtown and Midtown South submarkets.
The number 11 office address has been kind to recent commercial leasing activity in Midtown, with major renewal and retail deals finalized at 11 Penn Plaza and 11 Times Square, respectively.
551 Madison Avenue – a historic former hotel converted into now-LEED-certified office space in 1982 – has been sold for $128 million.
Two high-profile LEED-EB-rated Manhattan office buildings signed major leases during the fourth quarter.
A year ago, green was the “key” for LinkedIn’s 25,000-square-foot lease at the world’s most famous office building. Now, the social network is expanding by 10,000 square feet in a 6-year deal that will start next February.
Random House has announced that it has renewed the 360,000-square-foot lease for its corporate headquarters on floors 2 through 13 at SL Green’s 1745 Broadway through the middle of 2023.
JetBlue has officially moved into its 200,000-square-foot space at the historic, LEED Silver-certified Brewster Building in Long Island City, which manufactured the “Brewster Buffalo” fighter plane during World War II.
The Kushner Companies and Los Angeles-based CIM Group recently closed on the $50 million acquisition of 200 Lafayette Street and will reposition the historic 7-story property as a Class A, LEED-certified SoHo office building.
Terms of the 130,000-square-foot deal were not disclosed but SiriusXM also renewed a second lease – at Five Penn Plaza – for over 85,000 square feet.