The surge of office demand from New York’s technology, media and fashion companies is rapidly depleting the supply of affordable space in the city, especially in lower Manhattan, according to brokerage Studley Inc.
McGraw Hill Financial Inc. plans to move about 250 employees to lower Manhattan as it leaves the Midtown building that bears its name, becoming the latest information-related company to depart the area.
The Port Authority of New York and New Jersey held talks about financing to help developer Larry Silverstein build 3 World Trade Center in lower Manhattan, and its vice chairman said a decision will be made next month.
For New York University students, a retail property near the school in lower Manhattan is a place to buy a sandwich or milk. For developer Larry Silverstein, the location is part of a bond with billionaire Warren Buffett.
The first skyscraper at lower Manhattan’s World Trade Center is set to open with two days of ceremonies to mark the renewal of the area after its destruction by terrorists. When the fanfare subsides, the task will be filling the 40 percent of the tower that’s empty.
Silverstein Properties Inc. signed an agreement with advertising firm GroupM Inc. to be the anchor tenant at 3 World Trade Center, helping push forward development of the third skyscraper at the lower Manhattan site.
Real estate developer Larry Silverstein can’t seek $3.5 billion from airlines whose planes were hijacked by terrorists and flown into the World Trade Center’s twin towers on Sept. 11, 2001, a judge ruled.
Larry Silverstein’s World Trade Center Properties LLC is set to find out today if it’s entitled to seek $3.5 billion from airlines whose jets were seized by terrorists and flown into the twin towers on Sept. 11, 2001.
Larry Silverstein, developer of officer towers at Manhattan’s World Trade Center site, named Martin Burger co-chief executive officer of his real estate company as its investments expand beyond its New York base.