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Low-income New Yorkers face an outsize risk from extreme weather

Low-income residents are disproportionately vulnerable to climate change, thanks in large part to the city's decaying stock of affordable housing. The homes are often in flood-prone waterfront areas that once were considered undesirable More than 1 million people live in floodplains across the city, and that figure is expected to double as sea levels rise, urban planners and environmentalists warn. The New Yorkers most at risk are disproportionately people of color. The conditions pose a significant risk for the New York City economy, with employers facing the prospect of a significant portion of their workforce living in housing vulnerable to…

Publication Crain's New York Business
Date 2021-10-21
Author Brian Pascus

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…

Date 2021-10-21
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…

Publication The Real Deal
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…

Publication New York Post
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…

Publication Crain's New York Business
Date 2021-10-14
Author Natalie Sachmechi
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