Venable leases 158,000 s/f at Durst’s 151 West 42nd Street
The Durst Organization today announced that Venable LLP has signed a 15-year lease for 157,808 s/f on the 48th through 52nd floors at One Five One West 42nd Street The law firm’s new tower offices also include a 3,000 s/f wraparound terrace on the 49th floor. Venable is consolidating its New York offices from 1270 and 1290 Avenue of the Americas into 151 West 42nd Street. “We are pleased to welcome Venable to One Five One,” said Jonathan (Jody) Durst, president of The Durst Organization. “Adding Venable, a Global 100 law firm, to One Five One’s tenant roster exhibits the…
Author Real Estate Weekly
Durst’s One Five One inks 158K sf least for law firm tenant
The Durst Organization has a new tenant in One Five One, formerly known as 4 Times Square Venable LLP, a Washington, D.C.-based law firm, inked a 15-year lease for nearly 158,000 square feet at the office building, according to the New York Post. Venable will occupy floors 48 through 52, in addition to 11,000 square feet in concourse space. Asking rents for the lease at 151 West 42nd St. ranged from $100 to $135 per square foot, the Post reports. Newmark’s Moshe Sukenik and Eric Zemachson brokered the deal on behalf of Venable. Venable will be moving from two different…
Date 2021-10-20
Author Holden Walter-Warner
Former Condé Nast Building on Times Square gets new law firm tenant
Washington-based global law firm Venable LLP is moving to the Durst Organization’s One Five One, the tower formerly known as the Conde Nast Building Venable signed a 15-year lease for 157,800 square feet on the 48th through 52nd floors of the building that also was previously known as Four Times Square. The firm also is leasing 11,000 square feet of concourse space. It’s one of the year’s largest deals. But there’s more to the story than just a future-embracing commitment by one company at a time when the pandemic has yet to end and many employees continue to work from…
Date 2021-10-20
Author Steve Cuozzo
In New York, real estate is a family affair
Before joining the family business, Samantha Rudin attempted an acting career. Nicole Kushner put in a decade at Ralph Lauren, focusing on the design and development of retail experiences before joining her family’s Kushner Cos. Rob Speyer, who leads Tishman Speyer, tried his hand at reporting for the Daily News Even Anita Durst—the rebellious daughter of real estate scion Douglas Durst who ran away from home as a teenager and never made it to work at her family’s firm—wants her son to intern there next summer. The real estate heirs all feel the lure of New York City development, a…
Date 2021-10-14
Author Natalie Sachmechi
When given an ultimatum, most employees at some major real estate firms got the jab
City developers who gave their employees the ultimatum of getting vaccinated or losing their job saw positive results: Most complied and got vaccinated The Durst Organization and RXR Realty lost only one employee each since making the Covid-19 vaccine mandatory for their workers. The two major firms both struck a hard line on Covid-19 vaccines earlier this year, telling their workers that they would need to either get the shot by Sept. 6 or get a new job, with limited exceptions for medical or religious reasons. At Durst, one person of the 350 people for whom the policy applied decided…
Author Crain's New York Business