The Year in Review
This past February, 10Gen, developer of the computer system database MongoDB, was in search of new office space, specifically in tech- and media-rich Midtown South.
The company needed a large open layout for its workers, with an option for more space to allow the firm to grow—plus an option to terminate. Unfortunately, the ultra-tight market Read More
eBay has completed a deal to take the entire third floor of 625 Avenue of the Americas, a 35,156-square-foot space.
The online auction and shopping company plans to use the office as an outpost for the online information-sharing website Hunch it recently acquired.
eBay signed a deal to take the space for 10 years for rents in the low $50s per square foot. The company was able to secure about seven months of free rent in the deal and a $45 per square foot contribution from the landlord, Chelsea Green Associates, to help cover the cost of outfitting the space with an office installation.
Ebay is in advanced negotiations to take about 36,000 square feet at 625 Avenue of the Americas, sources have revealed to The Commercial Observer.
The prospect of eBay’s auction cybersphere dropping its cloak of virtual reality for flesh-and-bone bidding has long been a subject rife with speculation. What if you could see the seller auctioning off the suspiciously low-priced used laptop, or the bidder, crouched before the screen, waiting for the last minute to bid on your set of Read More