IBM’s fledgling Watson Group business unit has agreed to anchor the trophy boutique 51 Astor Place office tower in a deal that has important implications for the Silicon Alley/Midtown South submarket generally.
Twitter is close to anchoring the LEED Gold-hopeful 51 Astor Place by taking nearly 100,000 square feet at the trophy office tower.
Commercial office leasing is a topic that stands on its own, but there are specific issues that technology companies should consider carefully when leasing office space in New York City. Here are our top five.
In an effort that could fuel more leasing activity at the LEED Gold-hopeful 1 World Trade Center, the Durst Organization has announced that two full floors of the 104-story tower will be subdivided to accommodate 18 smaller office tenants.
In a transaction that highlights the continued attraction of Times Square for tech industry firms, the software company 10gen is already exercising its option to expand at the historic former New York Times headquarters building at 229 West 43rd Street.
In a show of the continued strength of New York City’s technology industry, two of the web’s streaming music giants have signed leases for major expansions into new Manhattan office space.
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.
87 percent of the leasing transactions in the Times Square submarket over the past 18 months have been tech deals. Now Yahoo! is about to join the fray.
1 World Trade Center is topped out at its patriotic final height of 1776 feet. But there’s still work to be done as the tower remains at 55 percent occupancy.
BuzzFeed is doubling its office footprint in Midtown South by subleasing nearly 58,000 square feet from Tiffany at the LEED for Core and Shell Gold-certified 200 Fifth Avenue.