‘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
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
Durst Organization’s Times Square tower fills last vacancy
The Durst Organization’s One Five One West 42nd Street – not long ago known as Four Times Square – took a big step toward a return to full occupancy with a new lease for Chicago Trading Company The firm just signed for 68,339 square feet on floors 36 and 37, which were the last two full-floor availabilities in the 52-story, 1.7 million-square-foot tower that was empty after its two original tenants, Conde Nast and Arps, moved out a few years ago. The deal marks a big Manhattan expansion for CTC, which is leaving behind only about 10,000 square feet at…
Date 2022-07-14
Author Steve Cuozzo
Durst signs trading firm to full floor at One Five One
The Durst Organization is done leasing full-floor office space at One Five One — for now Douglas Durst’s firm signed the Chicago Trading Company to a 68,000-square-foot lease at the Times Square tower, the New York Post reported. The trading firm is taking the floors 36 and 37 in the 52-story building, formerly known as Four Times Square. The lease eliminates the last full-floor office availability at the 1.7 million-square-foot property, formerly known as the Condé Nast Building. The asking rent for the space was $110 per square foot. The length of the lease was not clear. CTC is moving…
Author The Real Deal
Chicago Trading Company Takes Last Available Full Floors at the Durst Organization’s One Five One
The Durst Organization today announced that CTC (Chicago Trading Company) has signed a 15-year lease for 68,339 square feet on the 36th and 37th floors at One Five One West 42nd Street. The trading firm is moving their office from 1120 Avenue of the Americas Building on its pedigree as the first green skyscraper in the country, One Five One West 42nd Street achieved LEED Gold certification under LEED v4 Existing Buildings: Operations + Maintenance. This accomplishment is a result of a $150 million-plus capital improvement program, which included new entrances, a lobby renovation, new destination dispatch controls and elevator…
Author Real Estate Weekly
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