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While interest rate hikes have affected the commercial real estate sector, they’re not all that’s causing industry concern, according to participants in a panel...
The properties also eature approximately 68,000 square feet of retail space.
Alina Habba, an attorney for Donald Trump, says they will file an appeal of New York State Supreme Court Judge Arthur Engoron’s decision that...
Including three recently signed leases, 411 West Putnam is 92.1% leased to eight tenants with a weighted average lease term of nearly six years.
The tenant mix at the property includes Sundance, Theory, Lululemon, and Johnny Was.
The property had been on the market since May 2020, listed at $12.9 million.
Other lessees include InnovaCare and Veterinary Emergency Group.
Eleven office leasing transactions involving over 33,000 square feet have been completed at the sister properties over the past 12 months.
The building is anchored by Nuvance Health, which occupies the entire first floor.
“The assumption was that older workers would like (working from home) less -- but it actually works better for them," says David Smith, head of Occupier Insights in Cushman & Wakefield’s Global Research department.
Construction on the headquarters will commence immediately for a Spring 2021 occupancy.