On the Market
When the Port Authority of New York & New Jersey landed Condé Naste as 1 World Trade Center’s anchor tenant three years ago, the agency agreed to buy out the media giant’s remaining lease at 4 Times Square.
Now, as the role of a consulting firm hired by the PA to evaluate options for the Read More
The Power Broker
Monday Properties announced the 31,700-square-feet expansion of Macy’s, Inc. at 1440 Broadway, the building Monday Properties owns and operates on the southern fringe of Times Square at 40th Street.
It was the storied 150-year old retailer’s third expansion in two years at the 25-floor office building, and gave it full occupancy of the 10th floor, which Advance Magazine Publishers had subleased to Skadden Arps since 2006. CBRE Vice Chairmen Scott Gottlieb and Michael Laginestra represented the tenant, while Monday Properties Director Jordan Berger represented the owner.
When the British Broadcasting Corporation began its search for new office space for the executive and sales staff in Manhattan last year, its focus was on finding space that had a newsroom feel, free of the labyrinthine private offices and barriers so common among law firms, doctors’ offices and corporate accounting firms.
Like the bullpen made famous by Mayor Bloomberg, the company envisioned a Manhattan office with open space that would inspire transparency and collaboration while eschewing privacy.