‘Screw This City’: There’s Never Been a Worse Time to Rent an Apartment in NYC
It’s the peak rental season in New York — and in the hottest market in decades, apartment hunters are fed up, frustrated and over budget Open houses have been drawing hundreds of people and then going viral on TikTok. Some prospective tenants are applying sight unseen for multiple units that seem good enough, hoping that one landlord chooses them. Apartments are often renting for hundreds of dollars over their asking prices, which already were well above what they’d ever leased at before. “I was like, ‘Screw this city,’” said Kelly Stamps, 26, who braved overrun showings for half a year…
Date 2022-08-19
Author Jennifer Epstein and Paulina Cachero
Durst Just About Done Leasing Up Condé Nast's Former Times Square Tower
The Durst Organization has found a tenant for the last two full floors available at its Times Square office building One Five One Chicago Trading Co. has taken 68K SF in the building, previously known as 4 Times Square, across the 36th and 37th floors. The deal is for 15 years, Durst said in a statement. CTC is leaving 1120 Sixth Ave. for the space, which had an asking rent of $112 per SF, the New York Post reported. The building is now 97% leased, the landlord said. The deal is the office leasing equivalent of reaching a peak after…
Date 2022-07-14
Author Miriam Hall
Chicago Trading Company Plans New York Office Relocation to Renovated Times Square Tower
Chicago Trading Company, a proprietary trading firm, is moving its New York office to a renovated tower in Times Square, making the building almost fully leased. It’s the latest sign of overhauled top-tier office buildings having a better shot at attracting tenants even as the market sits at record-high vacancies Chicago Trading Company, or CTC, signed a 15-year lease spanning 68,339 square feet on the 36th and 37th floors at 151 W. 42nd St. between Sixth Avenue and Broadway, taking up the last two available full floors, landlord The Durst Organization said Monday in a statement. The asking rent was…
Date 2022-07-14
Author Andria Cheng
CTC Lease Brings Durst’s One Five One to 97% Occupancy
CTC (Chicago Trading Company) has signed a 15-year lease for 68,339 square feet on the 36th and 37th floors of the Durst Organization’s One Five One W. 42nd St. The trading firm is moving its office from 1120 Ave. of the Americas “One Five One is providing CTC with the space to collaborate and foster creativity and, ultimately, giving them a critical edge in their competitive business,” said Jonathan (Jody) Durst, president of The Durst Organization. “With the last two full floors leased by CTC, One Five One is now 97% leased and helping to lead our city’s rebound from…
Date 2022-07-14
Author Paul Bubny
Chicago Trading Company Takes 69K SF at Durst’s One Five One
Chicago Trading Company (CTC) is trading up with a deal for a 68,339-square-foot office at the Durst Organization’s One Five One The trading firm’s 15-year deal fills the last two full floors that Skadden, Arps, Slate, Meagher & Flom abandoned when it left the tower at 151 West 42nd Street for Hudson Yards in 2019, the New York Post first reported. Asking rent was $110 per square foot, according to the landlord. CTC will move from about 10,000 square feet at the Hippodrome Building to the 36th and 37th floors of the nearby 48-story One Five One starting at the…
Date 2022-07-14
Author Celia Young