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
The Proliferation of Plastics and Toxic Chemicals Must End
As the United States comes to grips with the climate crisis, fossil fuels will slowly recede from being primary sources of energy. That’s the good news. But the bad news is that the petrochemical industry is counting on greatly increasing the production of plastics and toxic chemicals made from fossil fuels to profit from its reserves of oil and gas That transition is why the challenges of climate, plastic pollution and chemical toxicity — which at first might each seem like distinct problems — are actually interrelated and require a systems approach to resolve. The danger is that if we…
Date 2021-08-31
Author Marty Mulvihill, Gretta Goldenman and Arlene Blum
Here are the office landlords embracing the flexible office market
The pandemic’s disruption on the city’s office market has some of its largest landlords switching gears and offering tenants more choices with their own bespoke flexible office offshoots While companies like WeWork and Knotel led the alternative office market as operators and managers, the city’s larger property owners are jumping on the trend to capitalize on their own empty real estate. That includes offering smaller, pre-built suites and shorter lease terms than usual to accommodate an uncertain office environment and the evolving needs of businesses and tenants. "They don’t want to spend the time to build out the suite themselves,"…
Date 2021-08-27
Author Natalie Sachmechi
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