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Duff & Phelps Makes Long-Term Play with New HQ at Park Avenue Plaza
Park Avenue Plaza looks to be leaving an impression on financial-services firms. New York-based financial advisory firm Duff & Phelps is the latest such firm to sign a new, direct lease for significant headquarters space in Park Avenue Plaza, Fisher Brother...

7 Bryant Park Inches Closer to Full Occupancy
A new bout of leasing has claimed two additional floors at 7 Bryant Park, the 473,672-square-foot office tower at the corner of Bryant Park and 41st Street. Two new leases totaling 30,000 square feet now leave roughly two floors available at the office...

WeWork Says It's Manhattan's Top User of Office Space
By Diana Bell and Jennifer Waters Coworking giant WeWork said it is now the largest private occupier of office space in New York's Manhattan borough after eight years in business, reflecting both the speed of its growth and escalating demand for shared...

WeWork Executive Says Shared Office Provider Is Ready for Any Downturn
From left to right: Dave McLaughlin, general manager, northeast WeWork; Alex Sharpe, cofounder and president, iQ Office Suites; Zach Ehrlich, founder and CEO of Mdrn. and Stoop; Brock Tupper, director of workplace strategy, IWG; Adam Bent, cofounder and...

L Brands to Close All 23 Henri Bendel Stores
(Pictured) Henri Bendel's flagship store in at 712 Fifth Ave. in New York City. L Brands Inc., the embattled owner of Victoria's Secret and several other struggling retail chains, will close 23 Henri Bendel stores and its e-commerce site in January after...

Convene Furthers RXR Realty Partnership with Two New Locations
Full-service meeting and flexible workspace provider Convene has sealed its fourth deal with RXR Realty, signing a 116,000-square-foot lease for the New York-based developer’s office building at 530 Fifth Ave in New York City. Convene will take four...

Columbia Property Trust, Normandy Real Estate Tackle 799 Broadway Redevelopment with New Joint Venture
Credit: Binyan Studios Columbia Property Trust, the office-focused real estate investment trust pursuing development opportunities in its target markets of Manhattan, San Francisco and Washington, D.C., has formed a strategic venture with investment...

Pebblebrook to Sell $1.72 Billion in Hotel Assets to Help Cover $5.2 Billion Purchase Price of LaSalle
Pebblebrook already has agreed to sell three LaSalle properties for $715 million, including Park Central New York, and expects to unload as much as $1 billion in assets.Pebblebrook Hotel Trust Chief Executive Jon Bortz’s plans to bring the two luxury...

Revitalized Grand Central Driving Midtown Office Annual Leasing Activity
Renovations for 390 Madison Ave is set to be completed soon. The office inventory surrounding one of Manhattan’s major transit hubs, like Grand Central Terminal, carried Midtown’s market fundamentals over the past 12 months. The Grand Central office...

Hsieh Joins ElmTree's Investor Relations as Firm Courts Deeper Institutional Business
Institutional investors are taking a page out of private equity’s book, allocating funds to strategies once considered private equity real estate’s bread and butter. So says Annie Hsieh, the newly appointed executive vice president of investor relations...

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