We’ve reported more than once that leasing, investment sales and return-to-office are all booming, and we’re glad the rest of the world is catching up.
That was a bombshell buried deep in the Wall Street Journal’s story last week about the Manhattan office surge. BXP’s likely anchor tenant at 343 Madison Ave. — a ground-up, $2 billion project linked to Grand Central Terminal — will be financial firm C.V. Starr.
The deal would be for 275,000 square feet, the Commercial Observer later reported. It was assumed BXP had landed a tenant when it started vertical construction but no names surfaced until now. BXP, a publicly traded company, predictably had no comment when we asked. 4
The deal occurs against the backdrop of a seemingly unstoppable market. Transwestern’s third-quarter earning