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The Downtown office trophy is now worth $270M. It was $623M in 2021.
The bill is a compromise after "anti-gouging" proposal of 8% plus CPI fails.
Rents hold steady, while occupancy declines for fifth consecutive quarter.
State will take over Brooklyn sites, rent back ground leases.
Most are ready to deliver 2.5 hours, half say they can't do 3.5 hours.
$1.5B in distressed loans coming due in San Jose, $1B in San Francisco.
Pre-pandemic, workers filled 80% capacity 4 days a week, report says.
Mack Real Estate is taking the deed for the Broadway landmark valued at $216 million.
Gensler-designed DTLA tower will have sky-high terraces with trees.
Offers financing lower than market rates on debt for 452 Fifth Avenue.