Apple

Apple

Durst at BoA Tower, Stimulus Funds for THE Tunnel, & Apple in Williamsburg at Edge

Mon

Feb

by Stephen Del Percio

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Durst Organization moves into LEED Platinum hopeful One Bryant Park / Bank of America Tower.
Core of LEED Gold hopeful Freedom Tower now 100 feet above grade.
THE Tunnel - second tube under Hudson for New Jersey Transit - may benefit from stimulus funds.
Much of New York City's next-generation skyline is "on hold."
Apple store may be coming to LEED Silver hopeful Edge condos in Williamsburg.
New York-based design-builder New World Home recasting the modular hous
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Midtown Midsummer Green Lease Update

Tue

Jul

by Stephen Del Percio

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Although the local real estate market has certainly cooled in the past few months, leasing activity at two of Midtown's highest profile green commercial projects continues to remain hot. Marathon Asset Management, which agreed to pay $115 per square foot for the 38th and 39th floors at LEED Platinum hopeful Bank of America Tower in early 2007, recently agreed to a 5-year sublet for a portion of its space with Korean financial firm Mirae Asset for $150 per square foot. Although Marathon isn't the only financial services firm that's looked to shed space in light of current market conditions, it's a good sign that demand is still strong for premium Class A space, though whether One Bryant Park's green features are driving the significant lease premium is obviously pure speculation.