New York

Firm to occupy 28 floors of 345 Park Avenue, extend lease through 2034.

Tenants love the idea but the real estate industry is up in arms.

Expands areas for life science labs, indoor farming, businesses on upper floors.

Empire Capital Holdings and Namdar Realty Group bought the 220,000-square foot building for $50 million.

In fact it has raised more than its original target.

Hochul says new tolls may spur more office workers to go fully remote.

Availability remains close to 18% as asking rents hold steady in May.

Five of the 91 markets analyzed had DSCRs below 1.0.