Law Firm Takes 142K SF at Paramount’s 1301 Sixth Ave

Law Firm Takes 142K SF at Paramount’s 1301 Sixth Ave

A law firm signed a massive lease at Paramount Group’s 1301 Sixth Avenue, but the move includes a cut to the company’s footprint in Manhattan’s office market.

O’Melveny & Myers is taking 142,000 square feet at the Midtown Manhattan building, Paramount announced. The 15-year lease covers floors 17 through 20, which are occupied by French bank Credit Agricole on a lease set to expire in February.

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Blue Owl Capital Inks 138K-SF Lease in Seagram Building

Blue Owl Capital Inks 138K-SF Lease in Seagram Building

Alternative investment firm Blue Owl Capital leased 137,660 square feet at  RFR Holding’s Seagram Building at 375 Park Avenue, RFR announced Wednesday.

Currently located on the 38th floor of 399 Park Avenue, Blue Owl leased additional space just a block north to its new offices. RFR’s director of leasing, AJ Camhi, described the move as a flight to quality from an older office asset to one that draws workers back.

Sloan Kettering pays $185M for UES medical center

Sloan Kettering pays $185M for UES medical center

Memorial Sloan Kettering Cancer Center, fresh off purchasing the majority of the Lipstick Building, just shelled out $185 million for the real estate at its Upper East Side research campus.

The hospital bought eight commercial condos spanning roughly 90,000 square feet at 321 East 61st Street from Joy Construction and Maddd Equities, property records filed Tuesday show.

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Publisher puts 331K sf up for sublease at Brookfield Place

Publisher puts 331K SF up for sublease at Brookfield Place

The recently rebranded Dotdash Meredith has weathered plenty of change in the last year, but the company is now looking to shift a large amount of space onto the office market.

The publisher is putting 331,000 square feet up for sublease at 225 Liberty Street, better known as Brookfield Place, the New York Post reported. The space surrender comes after IAC acquired the company for $2.7 billion.

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SL Green takes over 245 Park Avenue

SL Green takes over 245 Park Avenue

SL Green chief investment officer Harrison Sitomer in a statement, deemed the property the company’s “next major development project,” following in the paths of One Vanderbilt and One Madison.

The firm plans on repositioning the property with alterations to the lobbies, plaza, retail storefronts and infrastructure. It will also be bringing its amenities program to the building; Kohn Pedersen Fox will help in the redesign.

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Manhattan Office Leasing has Busiest Month of Covid Era

Manhattan Office Leasing has Busiest Month of Covid Era

Companies still want a piece of Manhattan. Notably, space in Midtown is steadily getting harder to find.

“If demand continues at the same rate, Midtown is on pace to nearly match 2019 leasing volumes of 15 million square feet,” said Franklin Wallach, director of research at Colliers.

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KPMG consolidating to 450K sf at Two Manhattan West

KPMG consolidating to 450K SF at Two Manhattan West

The global audit and consulting firm announced Tuesday its move to Brookfield Properties’ Two Manhattan West, where it will occupy approximately 450,000 square feet. KPMG expects to transition over once construction is completed in late 2025, where up to 5,500 people will work.

The office lease is the largest this year in New York City, a Brookfield representative told The Real Deal. The 20-year commitment will span floors 13 through 24.

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