Latest Breaking News On - Riverside investment - Page 14 : comparemela.com

Share via Shortlink SL Green’s Marc Holliday with One Vanderbilt and Riverside Investment’s John O’Donnell with 110 North Wacker (Photos via SL Green, Riverside) UPDATED, Feb. 5 2021, 4:00 p.m.: The office market took a beating in 2020, with completed developments down 14 percent from 2019 levels. But with construction delays easing, the outlook for 2021 is less bleak. Just 81.5 million square feet of delivered office developments were completed in 2020, Commercial Property Executive reported. The top 10 completed projects accounted for 13.4 percent of new office construction, and includes projects in Manhattan, Chicago and Seattle as well as tertiary markets like Buffalo, New York. In September 2020, SL Green and Hines completed the long-awaited skyscraper One Vanderbilt in Manhattan with $3.3 billion in financing from Wells Fargo. The 77-story building was 70 percent leased at completion, with TD Bank and the Carlyle Group among its tenants.

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