By Richard Persichetti 9:00am

Stat of the Week

89bigBlocks

Number of Contiguous Blocks of 100,000 Square Feet Rises

There are currently 89* contiguous blocks of 100,000 square feet and greater on the market.

As with most things in the world today, there is a caveat—and this is where that asterisk comes into play. This total number of 89 includes eight available blocks of space in buildings that are under construction. Compare that with 2010, when 78* such spaces existed (including five blocks under construction), and it is clear that today large blocks continue to be an impediment on market recovery. Read More

By Michael Ewing 4/30/12 10:00am

Lease Beat

315 Park Avenue South (courtesy of Property Shark)

Boston Consulting Group Goes “Southie” for 315 Park Avenue South

The Boston Consulting Group is expanding its New York presence by opening another office, sized at 33,000 square feet, at 315 Park Avenue South.

BCG specializes in management consulting on growth, investments, and opportunities to expand into new markets and divisions. It boasts 75 offices worldwide with over 5,600 consultants. The firm is based out of Boston, but has a large New York presence, including their 107,000 square foot space at 430 Park Avenue. Read More