Stat of the Week
Business Insider, master of the slideshow, has signed a 20,646-square-foot sublease of the entire eighth floor at 150 Fifth Avenue, The Commercial Observer has learned.
The subtenant will pay rent in the low-$50s per square foot in a deal expiring in early 2018, according to data from CompStak.
The Midtown West/Columbus Circle submarket has been in the headlines a lot lately.
The area has had good news and some not so good news, like the legal issues over the sale of Worldwide Plaza and the likelihood of Time Warner leaving Columbus Circle for Hudson Yards. But let’s focus on the good news this Read More
Despite having five years left on its current lease, Universal Music Group has signed 10-year renewal for its 242,505-square-foot space on floors two through eight at Jack Resnick & Sons’ 1755 Broadway, The Commercial Observer has learned. The music publishing company’s lease agreement for the entire office portion of the mixed-use building now extends through 2028.