- Posted at 11:57, December 10, 2013
- By Quidnunc Staff
Catching up with a few that came up while we were at the ICSC earlier today:
- "Concrete Thoughts" came from Robert Knakal, chairman of New York’s Massey Knakal Realty Services early Tuesday—a column on the Commercial Observer, HERE. The theme is the need for positivity in order to succeed in commercial real estate. Whatever. :-)
- Here’s the government’s press release with all the details on the planned move by the U.S. General Services Administration and two other federal agencies into One World Trade Center, which we originally posted last night via the New York Post.
- For comparison, the Wall Street Journal reported today that because Japan real estate is having its best year since the 2008 financial crisis, "an important change in the ultraconservative stance of Japanese institutional investors” is occurring, namely, pension fund investment in real estate. The article appeared late Tuesday afternoon HERE (sub needed).
- London’s HSBC bank is adding two floors at 330 Madison Ave., in addition to the full floor it already holds, putting it at more than 100,000 square feet in the building. A Crain’s New York Business report says that the move is unusual in that most banks are contracting rather than expanding. The article, which can be found HERE, notes that some bold-face company and individual names were present in the deal: Peter Riguardi, who is Jones Lang LaSalle’s New York office CEO, represented the bank. Another JLL leasing team represented the Vornado Realty Trust-owned building. Vornado executive Glen Weiss also worked on the deal, the article states.