One World Trade Center inks first lease since start of Covid-19 pandemic
Medical Knowledge Group LLC has grabbed 12,000 square feet on the 84th floor of One World Trade Center The deal is the building's first new lease since the Covid-19 pandemic hit New York City a year ago this month, causing shutdowns and economic turmoil. Medical Knowledge Group focuses on the business needs of biopharmaceutical companies by providing medical communications and market research. The firm signed an eight-year deal for the new space. The company will move to the building from 750 Third Ave. in Midtown when The Durst Organization — which owns the tower with The Port Authority of New…
Date 2021-03-02
Author Liz Young
Healthcare conglomerate signs lease at 1 WTC
The Durst Organization and The Port Authority of New York and New Jersey today announced that Medical Knowledge Group LLC (MKG) has signed an eight-year lease for 12,063 s/f on the 84th floor of One World Trade Center MKG will move from 750 Third Avenue once Durst completes the buildout of MKG’s new offices. “We are pleased to welcome MKG to One World Trade Center,” said Jonathan (Jody) Durst, President of The Durst Organization. “As MKG was our leasing team’s first tour at the property after the shutdown in March, we are especially proud that they are our first deal…
Author Real Estate Weekly
Office Air Filtration In the Spotlight as Workers Trickle Back
“Sometimes,” The Hollies sang, “all I need is the air that I breathe and to love you.” Well, commercial real estate people can’t help with the latter, but they are fairly obsessed with the former You’re probably not thinking about this most reflexive of acts while you’re in the office, but if you are in a modern building, there may be a control room somewhere in or outside of the building that among other things monitors the very atmosphere office dwellers are inhaling and exhaling. And, if an element of the air gets too high or too low, an adjustment…
Date 2021-03-02
Author David Levitt
How architect of Brooklyn’s One Willoughby Square became anchor tenant
Architects routinely help developers promote new buildings they designed. But in one notable case, the architects loved their work so much that they decided to move into the striking new tower themselves FXCollaborative, previously known as FXFowle, is the anchor tenant at JEMB Realty’s nearly-finished One Willoughby Square in Downtown Brooklyn. The 34-story, 500,000 square-foot structure next to the DeKalb Avenue subway hub is the borough’s tallest new office building and scheduled to open later this year. “We’re not just the tallest in the borough but the best-in-class asset in Brooklyn,” JEMB principal Jacob Jerome cheerfully boasted. “We looked around…
Date 2021-03-01
Author Steve Cuozzo
New York’s green-buildings law focused more on fines than conservation
One Bryant Park, one of the most efficient buildings in the world and a global model for environmental construction, will start paying $2.4 million per year in fines to New York City in 2024 for violating the city’s new emissions law. Why? Because Local Law 97 prioritizes fines over energy conservation Large buildings such as One Bryant Park have densely populated tenant spaces that are responsible for the overwhelming bulk of energy used in the building. Contrary to established environmental practice, the city’s law penalizes the most energy-efficient and densely occupied buildings and encourages urban energy sprawl. More buildings with…
Date 2021-02-23
Author Douglas Durst