Los Angeles-based United Talent Agency (UTA), known for its high-profile clients, has aptly selected New York City’s most famous office building for its new East Coast headquarters. UTA leased 100,948 square feet at the Empire State Building in a move that will consolidate its various office locations across Manhattan, the company announced Monday. The New…
Prior month 0.1% Leading economic index -0.2% versus -0.1% estimate Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board said: “In June, the Leading Economic Index (LEI) for the US declined and partially reversed gains registered in May and April. While some components of the LEI were little changed, the largest positive…
Bethany Beach has managed to preserve a calm, laid-back atmosphere that I’ve noticed many beach towns have lost. There are no nightclubs lining the boardwalk, and most restaurants and shops close relatively early. By 11 p.m., all you can hear is the ocean. The mornings are just as memorable. Watching the sun rise over the…
In a test of the appetite for Times Square offices, BXP has hired Will Silverman and Gary Phillips at Eastdil Secured to market the 7 Times Square ground lease, Commercial Observer has learned. BXP expects to ask from $700 million to $750 million. A source close to the deal said the price will be just…
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Healthpeak Properties, Inc. and Brookfield Asset Management on Monday announced the formation of a long-term strategic capital partnership through a joint venture involving a portfolio of outpatient medical buildings across the U.S. The portfolio contributed by Healthpeak includes 86 properties totaling approximately 5.6 million square feet, valued at approximately $2.1 billion. The portfolio is diversified…
One of Hollywood’s biggest talent agencies is moving to glitzier office digs in the Big Apple. United Talent Agency announced a 101,000-square-foot lease at the Empire State Building, a space that will encompass the 32nd through 35th floors, the New York Post reported. The asking rent at the crown jewel of Empire State Realty Trust’s…
Statistics Canada reported that inflation rose 3.2 percent in May, with gasoline up 33 percent year over year. Groceries, housing and fuel now consume a larger portion of household income, leaving less for savings, Gubic said, while the wave of mortgage renewals has added pressure on homeowners. He expects the share of Canadians struggling to cover emergencies to keep climbing, and said…
The FDA and CDC are investigating iceberg lettuce sold by Taylor Farms to confirm the source of the cyclospora outbreak
Over the past several years, I’ve traveled solo to 38 countries, visiting everywhere from Scotland and Turkey to Zanzibar and Albania. And even though I consider myself to be a confident traveler, this self-assurance didn’t happen overnight. Instead, it grew slowly after imperfect trips and countless mistakes. Here are five mistakes I’ve made — and…