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601W Companies Raises Profile in the Pandemic Downturn

(Photo illustration by The Real Deal) It was hard to miss the dozens of hardhats on lunch break as they poured out of a 20-story office building on Manhattan’s Far West Side. Some ducked into nearby shops, while others lined up at street vendors for chicken and rice. The construction crew has been working to overhaul the 636,000-square-foot property just across from Hudson Yards, a job that will transform the nearly century-old building into a Class A office tower. When 601W Companies closed on the Amazon-anchored building at 410 10th Avenue for $952.5 million in December, it was the second biggest investment sale in the city’s pandemic-ravaged market in 2020. And it was a perfect illustration of 601W’s playbook.

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Manhattan s Office Availability Hits Record High Q4 2020

450 West 31st Street, New York, NY 10001 Phone: 212-260-1332 We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. click hereOk, Got it Privacy & Cookies Policy Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.

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Chicago s Biggest Real Estate Stories of 2020

Share via Shortlink 203 Sheridan Road in Winnetka and 3507 West 51st Street on the Southwest Side (Redfin, 42 Floors, iStock) Let’s start with a bit of good news given that 2020 didn’t provide Chicago’s real estate market with much of it. The industrial sector withstood a bruising year far better than most others, sustained in large part by Amazon. As e-commerce orders soared during the pandemic, the Jeff Bezos behemoth went on a warehouse-leasing binge in Chicago. But other asset classes in the city have spent the last nine-plus months on a skyscraper elevator in freefall. The ride has left much of the industry queasy and stumbling as it heads into 2021.

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Vakbond: Sociale ontwikkelbedrijven voor arbeidsbeperkten

Vakbond: Sociale ontwikkelbedrijven voor arbeidsbeperkten
binnenlandsbestuur.nl - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from binnenlandsbestuur.nl Daily Mail and Mail on Sunday newspapers.

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10 Biggest Office Leases In Brooklyn and Queens in 2020

Share via Shortlink Chris Whittle and Tishman Speyer’s Rob Speyer with a rendering of The Wheeler at 181 Livingston Street (Photos via Getty Images and The Whittle School) Signs of a pandemic-fueled market slowdown are obvious when looking at the top office leases in Brooklyn and Queens this year six out of the 10 deals in The Real Deal’s ranking closed in January and February. But in the few months before the pandemic took hold, several large leases were signed. The sum of top 10 deals in 2020 was 1.44 million square feet, a 20 percent increase from the 2019 total. That was mostly thanks to Whittle School’s 620,000-square-foot lease in Downtown Brooklyn, which was inked in early February. Amazon came in second with a 300,000-square-foot lease in Queens the only deal in that borough that made the top 10 that was signed in late February.

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