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The Playbook: The common pay threads for high-performing companies
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> During a time when more workers expect transparency around pay, most top-performing companies are proving to be forthcoming — but that's not the only common thread. <\p>
Private investment firm moves NYC headquarters
Dubin & Co. LP, a private investment firm, has signed a 10,800-square-foot sublease at 450 Park Ave.<\p> The company relocated its New York City headquarters to Midtown Manhattan from its previous location at 55 Hudson Yards.<\p>
Global construction and development firm grabs office space in Queens
Global construction and development firm Skanska USA Civil Northeast has signed a three-year office lease in Queens’ Long Island City neighborhood.<\p> The 20,000-square-foot space, located at 21-01 51st Ave., occupies the entire second floor of the building.<\p>
SoHo to get new retail building after developers abandon office plans
Developers will raze two decrepit buildings in New York City's SoHo neighborhood to make way for more retail space.<\p> Manhattan-based developer United American Land LLC can move forward with a new retail building at 419-423 Broadway in the SoHo-Cast Iron Historic District after its plans, first revealed in 2017, were approved by the Landmarks Preservation Commission after some changes.<\p>
Ireland-based financial services company relocating NYC headquarters
Allied Irish Banks PLC is relocating its headquarters in New York City to the newly renovated 825 Third Ave.<\p> The Ireland-based financial service company will occupy about 11,000 square feet on the 14th floor of the building. The lease is for 10 years, and asking rents in the tower of the building are $86 to $98 per square foot.<\p>
Here's where Capital One is opening its next airport lounge
Add New York’s John F. Kennedy International Airport to the growing roster of airports where Capital One Financial Corp. (NYSE: COF) is opening a lounge for big-spending travelers.<\p> The McLean banking and credit card giant revealed plans Tuesday to open a roughly 13,000-square-foot lounge in Terminal 4, where it will join other card-branded lounges operated by rivals American Express Co. and JPMorgan Chase & Co.<\p>
Digital media company to move NYC office to Midtown South
Ziff Davis will move its office to 360 Park Ave. S. in Manhattan’s Midtown South neighborhood sometime during the first quarter of next year.<\p> Previously, the digital media company had its New York City office at 114 Fifth Ave.<\p>
Health care investment platform to move its NYC office to 545 Madison
Consonance Capital has signed a five-year lease to move its New York City office to 545 Madison Ave.<\p> The health care investment platform previously had its office in a similar-sized space at 1370 Sixth Ave. in Midtown for 10 years.<\p>
Industrious takes over former WeWork HQ in Manhattan
One of WeWork's rivals is set to take over the coworking company's headquarters office that it abandoned while exiting Chapter 11 bankruptcy.<\p> Industrious next month will take over WeWork's former HQ space in Midtown Manhattan at Tower 49, a 45-story, 600,000-square-foot building at 12 E. 49th St. owned by Kato International.<\p>
A first look at new condos planned for 156-year-old Tribeca property
Manhattan-based developer Prosper Property Group has released renderings of its plans to transform a 156-year-old property in the Tribeca East Historic District into luxury condos.<\p> Prosper is planning to convert buildings at 32-34 Walker St. into six luxury condos, according to Prosper's website. The seven-story development will span 29,000 square feet.<\p>
Property management company signs first Manhattan office lease
Locally based property management company Bronstein Properties is opening its first office in Manhattan.<\p> The company has secured about 4,100 square feet space on the 19th floor of 747 Third Ave. in Midtown East.<\p>
Feds finalize new fuel-economy standards for vehicles
The Biden administration and the U.S. Department of Transportation’s National Highway Traffic Safety Administration have unveiled new, tougher fuel-economy standards for vehicles, but the set of guidelines are a bit more lenient than benchmarks issued last year.<\p> Under the newly issued Corporate Average Fuel Economy requirements, fuel economy is expected to increase 2% per year for model years 2027-31 for passenger cars (generally sedans, station wagons, and two-wheel drive crossovers and SUVs), while for light trucks (four-wheel drive SUVs, pickups, minivans, and passenger/cargo vans) fuel economy is expected to increase 2% per year for model years 2029-31. The increases will bring the average light-duty vehicle fuel economy up to approximately 50.4 miles per gallon by model year 2031, according to a statement from the government outlining the new standards.<\p>
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