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.
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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.
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Recently completed Bank of America tower will have its official grand opening gala Thursday 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 Bryant 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 even Read More
Apex Capital Management, a private investment firm, based in Hong Kong and New York, that is what real estate types would Read More
Apex Capital Management, a private investment firm based in Hong Kong and New York, agreed to pay more than $160 per square foot for Read More
Generation, of which Mr. Gore is chairman, will relocate from Washington, Read More
Above is a photo of the lobby earlier today. Life! At last!
Three hundred Bank of America associates from its global corporate and investment arm began relocating to the trading Read More
The new 54-story skyscraper, also known as the Bank of America tower, unofficially opened for business, after developers Read More
