*** JPMorgan Is Planning to Build London’s Biggest Office Block Under CEO Jamie Dimon, the bank is working on a huge new tower in Canary Wharf, Britain’s dockland-turned-financial center JPMorgan Chase, led by Jamie Dimon, is set to build London's largest office block in Canary Wharf, due for completion in the 2030s. The new 3-million-square-foot tower will accommodate 12,000 employees, representing half of the bank’s workforce in the UK, its largest European market. Dimon’s

*** Related, Oxford Sell Hudson Yards Equinox Hotel For $541M Mori Trust, a Tokyo-based real estate investment firm, has acquired Floors 1 through 38 of 35 Hudson Yards, including the Equinox Hotel New York, in a $541M deal announced Monday. Related Companies and Oxford Properties sold the 490K SF portion of the 1.1M SF tower as part of the $25B Hudson Yards project. The building's office space is fully leased, while retail occupancy stands at 73%, featuring tenants such as S

*** Amazon to cut nearly 700 NYC jobs Amazon is laying off nearly 700 corporate workers in New York City as part of a larger workforce reduction that totals 14,000 positions. The layoffs affect 233 employees at the Manhattan West office and 182 at the New York Tech Hub, with additional cuts at seven other locations in Manhattan. The current number of Amazon employees in New York is unclear, but Mayor Eric Adams noted in 2023 that the company had created 18,000 jobs in the reg

*** Vornado CEO Steve Roth: 'Everything Will Work Out' If Mamdani Wins As New Yorkers voted Tuesday, Vornado Realty Trust CEO Steve Roth reassured Wall Street regarding the election of perceived Democratic Socialist candidate Zohran Mamdani, who led polls against Andrew Cuomo. Roth acknowledged concerns surrounding Mamdani's policies, including rent freezes and increased taxes on the wealthy, but noted no decrease in demand from their clients. Roth stated that affordability i

*** BXP, Moinian refinance Hudson Yards property with $108M loan JPMorgan Chase provided debt months after maturity default BXP and the Moinian Group successfully refinanced their debt at 3 Hudson Boulevard after encountering a maturity default. JPMorgan Chase issued a $108 million loan for the skyscraper planned in Hudson Yards, replacing an $80 million loan from BXP that matured last August, which had a rising interest rate causing an outstanding balance of $130.7 million b

*** JPMorgan opens towering $3 billion headquarters on Park Avenue JPMorgan Chase unveiled its new 60-story headquarters on Park Avenue, reaffirming New York City's status as a financial epicenter. During the ribbon-cutting ceremony, Governor Kathy Hochul emphasized the tower's representation of confidence and ambition for the city's future despite Mayor Eric Adams' absence. The $3 billion structure symbolizes massiveness and patriotism, featuring a lobby adorned with bronze

*** The New York City Office Market Is Roaring Back, and It’s Pricier Than Ever Manhattan office space is leasing at a rate not seen since 2006, while office markets in other cities are plodding along New York City's office market is experiencing its largest boom in nearly 20 years, with businesses leasing 23.2 million square feet of office space in Manhattan during the first nine months of 2025, surpassing pre-pandemic levels. Factors driving this recovery include a return-t

*** City maintains record low amount of available retail space in Q3 The city's retail market reported a strong third quarter, maintaining a record low availability rate of 14.2%, matching the previous quarter's figures. Significant leases included Chelsea Piers acquiring nearly 50,000 square feet at 200 Varick St., Aldi leasing 25,000 square feet at 312 W. 43rd St., and Uniqlo taking 19,250 square feet at 860 Broadway. Additionally, Ikea purchased 529 Broadway in SoHo for $2

*** What we know about Rithm’s surprise $1.6B deal to buy Paramount Paramount sale raises questions about office recovery Rithm Capital's...

*** The Waldorf’s Makeover Went a Billion Over Budget—and China Is Footing the Bill Storied New York hotel fully reopens next month after...

*** NYC Developers, Resigned to Mamdani Winning, Now Want to Work With Him Democrat’s big lead in polls causes some property owners to...

*** No summer slump for Manhattan office market Leasing activity surged 40% as Deloitte, Amazon inked mega-deals In August, Manhattan's...

*** Kensico proposes 509 Madison conversion — but not to resi Developer eyeing 30-story hotel in Midtown Manhattan Kensico Properties...

*** NYC’s top deals: RXR buys office properties for over $1B TRD reports top transactions for Monday, Aug. 18, 2025 On August 18, New...

*** NYC Offices Are Back. Nothing Proves It More Than JPMorgan’s $3 Billion Tower. Bank prepares to move thousands of employees into its...

*** TF Cornerstone converting former Charles Cohen building on Billionaires’ Row Ground lease allows developer to add 350 units at 135...

*** BXP Starts Construction On $2B Midtown Office Tower BXP, formerly known as Boston Properties, is moving ahead with the construction...

*** Verizon Hikes In-Office Requirement, Leases Larger NYC Office Most of the company’s management employees will be required to report...

*** Why Manhattan’s office vacancy is the lowest of any major city Office vacancy rates are high in many major cities, with San Francisco...

*** NYC Real-Estate Execs Throw Money Behind Adams to Counter Rise of Mamdani Developers turn their backs on former Gov. Andrew Cuomo and...