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SoHo office building draws 2 new headquarters
Two new tenants will bring headquarters offices to 625 Broadway in New York City.<\p> Greenbrook, a real estate operating company, signed a five-year lease for an 8,100-square-foot office space on the 11th floor. The company was previously based on the 16th floor at 41 Union Square W., a 17-story office building originally built in 1920, according to city records.<\p>
3 leases signed at this Midtown office tower
Three leases have been signed at Midtown office building 505 Eighth Ave.<\p> Law firm Shankar Ninan & Co. LLP signed a five-year lease for a 2,000-square-foot space on the 18th floor and is expected to move in shortly. Previously, the firm had its office at 875 Sixth Ave.<\p>
Romano Law moves its Lower Manhattan headquarters
Romano Law has moved its headquarters to another building in Lower Manhattan.<\p> The New York City-based national law firm will occupy a 8,400-square-foot space on the seventh floor of One Battery Park Plaza, a 35-story office tower owned by real estate development company Rudin. Romano Law signed a 11.5-year lease for the office.<\p>
Brooklyn Storehouse event venue to open at Brooklyn Navy Yard
A new music venue is set to debut at Brooklyn Navy Yard.<\p> London-based Broadwick is partnering with TCE Presents, a company that promotes events throughout New York City, to debut Brooklyn Storehouse, which will be Broadwick's first American venue. The creative agency has more than 2 million square feet of event space throughout Europe.<\p>
Berry & Company acquired by Chicago firm
Berry & Company has been acquired by CG Life, a Chicago-based marketing and communications firm that's expanding geographically and across industry segments.<\p> Financial terms of the deal, announced Tuesday, were not available.<\p>
Brooklyn apartment development lands $110 million construction loan
New York City developers have received a construction loan to build a multifamily development in Brooklyn's Prospect Heights neighborhood.<\p> EMP Capital Group secured a $110 million construction loan from QuadReal Property Group for a 246-unit project at 880 Atlantic Ave. It will use the loan to cover ongoing development costs.<\p>
WeWork assumes leases at 17 more New York City offices
WeWork is keeping 17 office leases at its coworking locations across New York City as the company looks to exit bankruptcy by the end of the month.<\p> WeWork announced lease assumptions at the following NYC office buildings:<\p>
Upper West Side mixed-use building leased up with 3 new retail tenants
Three retail leases totaling 13,600 square feet have been signed at 2273-2279 Broadway on New York City’s Upper West Side.<\p> Physical therapist Spear will be in 4,000 square feet of space on the ground floor and lower level of the building. NeXa Pilates and Fitness previously occupied the space.<\p>
How one basketball-inspired school aims to transform the South Bronx
It’s 12:30 p.m. on a windy mid-March Wednesday in the northeast Bronx.<\p> The business class at the Earl Monroe New Renaissance Basketball School is holding its weekly volunteer after-school meeting on its temporary Pelham Bay campus.<\p>
Are investors re-entering the housing market after two-year retreat?
Investors could be launching a bit of a comeback in the U.S. housing market — although the reversal of fortunes comes amid a strategy shift for many investors in the face of low inventory. <\p> Purchases by investors grew 0.5% on a year-over-year basis in Q1, according to analysis by Redfin Corp. (Nasdaq: RDFN). Redfin defines an investor as any buyer whose name includes LLC, Inc., Trust, Corp. or Homes, or any buyer whose ownership code on a purchasing deed includes association, corporate trustee, company, joint venture or corporate trust.<\p>
Some employers are weighing a six-day workweek
Editor's Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business and career. Want more stories like this in your inbox? Sign up for The Playbook newsletter. <\p> Given how some hiring managers view them and the unique pandemic-fueled hurdles they've faced, Generation Z's debut in the workplace has certainly come with some challenges. <\p>
10-story residential tower planned for Long Island City
New York City developer George Xu's Century Development Group is planning a 10-story residential tower in Long Island City, Queens.<\p> The project could potentially create up to 116 units of housing at 11-03 45th Ave. if Century affiliate Murray Park Owners LLC receives a zoning variance from New York City's Planning Commission to bring more apartments to the site than currently allowed. Under those conditions, the development will include 12,000 square feet of retail space and reserve 16 to 20 affordable housing units for low- to moderate-income households.<\p>
The best and worst industries for finding a job right now
Workers in the market for a new job are finding quick success if they're targeting a select few industries — and, perhaps surprisingly, if they're hunting without the aid of artificial intelligence.<\p> A new survey from Resume Builder of workers hired into new jobs within the last six months paints a picture of workers in food and hospitality, retail, and construction being been able to find jobs quickly. Prospective employees in business and finance, education, and software are having a harder time landing a new job.<\p>
Why apartment-hunting New Yorkers might have luck in Mott Haven
Mott Haven is leading the way for new apartment inventory in New York City, according to StreetEasy's latest housing market report.<\p> From April 2023 to April 2024, rental inventory in Mott Haven grew 85.2% to 387 units on the market, StreetEasy reported.<\p>
Ted Baker shutters New York City office following bankruptcy filing
Ted Baker, in the midst of a store-closing liquidation sale at all of its U.S. and Canada locations, has closed its New York City office.<\p> The London-based clothing retailer closed its office on the 11th floor at 54 W. 21st St. on May 10, according to Worker Adjustment and Retraining Notification issued by the state Department of Labor. The 12-story office building in Manhattan's Flatiron District is owned by New York City-based development firm Rosen Equities.<\p>
FiDi office tower reaches 90% occupancy with 5 new leases
Five companies have signed leases to move into 60 Broad St., a 39-story, 1 million-square-foot office tower in Lower Manhattan's Financial District owned by Piedmont Office Realty Trust Inc.<\p> The lease signings totaled about 46,000 square feet of space, bringing the building up to 90% occupancy, real estate brokerage JLL said in a statement.<\p>
One38 apartment development starts leasing in the Bronx
Leasing has launched at a residential development in the Bronx's Mott Haven neighborhood.<\p> JCS Realty's One38, a 12-story development with 448 apartments at market prices and 131 designated affordable, is expecting to welcome its first residents in June.<\p>
Citi Foundation grants $16 Million to New York City nonprofits
Sixteen nonprofits in the greater New York City area are set to receive million-dollar grants from the Citi Foundation.<\p> The awards are part of the fourth cohort of the Community Progress Makers initiative, a program launched by the Citi Bank affiliate in 2015 to support community-based organizations.<\p>
Empty Manhattan office building sells with plans for demolition
An empty office building in Manhattan's Greenwich Village has been sold and may soon be demolished.<\p> New York City-based real estate development company Legion Investment Group, led by developer Victor Sigoura, is the new owner of a 130,000-square-foot office building at 8-12 W. 14th St., city property records show. Residential developer EJS Group partnered with Sigoura on the acquisition.<\p>
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