Approximately one third of the building has been leased to the Screen Actors Guild and an accounting firm. The 360,000-sf tower will have 15,000 sf of retail space.
NEW YORK CITY-Fabric and textile outlets and a rug retailer dominate space once held by fast-food franchises, a vitamin store and a bookstore. Ground floor rents range from $150 per sf to over $400 per sf.
NEW YORK CITY-During the last six months it has sold 20 properties with an average ROI between 40% and 50%. It also acquired over 30 properties during that time.
NEW YORK CITY-The restaurant operator, one of the largest private employers in the city, is looking for cash following the reorganization. This may involve selling a few of its 113 properties.
NEW YORK CITY--Chicago acquisition sets the stage for aggressive Midwest development. Related is also purchasing two properties LR had planned to develop in a deal worth $310 million.
