NEW YORK CITY-Industry experts tell GlobeSt.com that site developer Larry Silverstein stands in a strong position to undercut the Downtown market, unless federal subsidies continue to hold the discrepancy between rents he can charge and what others must ask in abeyance.

NEW YORK CITY-Payroll resource provider Paychex, which has offices at 1250 Broadway in Midtown, will consolidate four units under one roof in the Upstate community of Henrietta and relocate its datacenter staff to a newly acquired facility in nearby Webster.

NEW YORK CITY-Integrated communications provider Paetec takes 13,000 sf at 75 Broad St. in the largest of four recent signings totaling 25,600 sf. Owners JEMB Realty cite a return to traditional tenancy in the downtown market as the driving force behind a recent flurry of leasing activity in the building.

NEW YORK CITY-Human resources and tax consultancy firm PayTech takes 13,000 sf at 75 Broad St. in the largest of four recent signings totaling 25,600 sf. Owners JEMB Realty cite a return to traditional tenancy in the downtown market as the driving force behind a recent flurry of leasing activity in the building.

PHILADELPHIA, PA-The new design for the Greater Philadelphia World Trade Center scraps the hotel and adds 500,000 sf and $84 million to the four-tower office/residential project. Meanwhile, brokers come close to landing an anchor tenant for Tower One.

NEW YORK CITY-Rubin Fiorella & Friedman law firm takes 10,536 sf at 292 Madison Ave., doubling the size of its previous sublease space and ramping up its staff from 30 to 60. The firm stays in the Grand Central Station neighborhood to retain the rail link to its White Plains office, which is also slated for expansion.

NEW YORK CITY-Financial proxy solicitation company D.F. King commits to an 11-year, 26,000 sf lease at 48 Wall St. The signing brings occupancy at the 34-story office tower to 79%.

NEW YORK CITY-Financial proxy solicitation company D.F. King commits to an 11-year, 26,000 sf lease at 48 Wall St. The signing brings occupancy at the 34-story office tower to 79%.