Teodora Demian
SL Green to Sell Manhattan Office Condo for $633M
SL Green, New York City’s largest office landlord, and its joint venture partner Ivanhoe Cambridge, have entered into a contract to sell their leasehold interest in the office condominium at 1745 Broadway. The new owner of the Midtown Manhattan office space will be an institutional client of Invesco Real Estate, which will snatch the office…
SoMa Office Tower Gets $145M Upgrade
633 Folsom, an aging San Francisco office building located in the city’s SoMa submarket, is going to get an extensive makeover. Property owner and manager The Swig Co. plans to turn the 1967-built Class B asset into a modern, Class A office tower. Aided by HFF and a domestic bank, the company recently secured $145…
South Korean Gaming Giant Makes the Move to Downtown LA
Netmarble, a South Korean game publishing company, has decided to move its California offices from Orange County to Downtown Los Angeles. The mobile gaming giant recently signed a five-year lease at 600 Wilshire Blvd. in the city’s Financial District. The new 14,000-square-foot Los Angeles office space on the 11th floor of the 17-story skyscraper will…
Silverstein Properties Set to Snatch ABC’s Upper West Side HQ for $1B
Silverstein Properties is set to add the American Broadcasting Co.’s (ABC) New York City campus to its portfolio. The full-service real estate firm is in contract to acquire the media network’s Upper West Side office headquarters from its parent company, The Walt Disney Co. According to the Commercial Observer, Silverstein is going to pay more than…
IEX Tower-Hops Again within WTC Complex
IEX is relocating once again within the World Trade Center (WTC) complex in New York City’s bustling Financial District. The upstart stock exchange platform will leave its headquarters at 4WTC to move inside 3WTC, currently under construction. The company has recently signed a 15-year lease for the entire 58th floor of the 80-story mixed-use high-rise…
IBM Triples Office Presence in New York City’s Union Square
IBM is set to triple its Union Square presence by expanding its footprint at 19 Union Square West, in the Flatiron District neighborhood of New York. The tech giant has recently signed a 27,699-square-foot lease for three floors of the building—floors 9 through 11. According to The New York Post, the asking rent was $80…
WeWork Takes Over Entire Office Tower in Largest 2018 San Francisco Lease
WeWork is aggressively expanding its footprint in San Francisco, a city that could easily be dubbed a freelancing Mecca. The shared workspace provider is going to take over the Union Bank Building, after signing the largest lease closed so far this year—according to the San Francisco Business Times. The coworking giant has rented 251,000 square…